“RBC Capital believes smartphones represent the next wave of computing, and are truly ‘3C’ devices – embodying the convergence of communication, computing, and content,” Notable Calls reports. “In the report, they size the smartphone market, which we view as large, nascent, and underpenetrated.”
Notable Calls reports, “RBC is raising their smartphone forecast due to: 1) the expected global shift by millions upgrading to smartphones for email, browsing, applications, and content; 2) smartphones’ potential to take market share, not only from voice and/SMS cellphones, but also from PCs, TVs, consumer electronics, and Internet markets – collectively representing over 2 billion users. They are raising their smartphone penetration forecast to 35.1% of global handsets or 504 million units (395 million prior) by calendar 2012. Additional revenue upside may come from new services (carriage fees, advertising, subscriptions, transactions, etc.) and revenues shifting from traditional media (TV, newspapers, web, etc.).”
Full article here.
[Thanks to MacDailyNews Reader “Mike in Helsinki” for the heads up.]
300
Finally! The halo to Apple’s other products and services (AND THE NEXT “JUST ONE MORE THING”) will push Apple even higher for several years!
And he didn’t evenmention the tablet. If the tablet has decentspeakers and of course iTunes, it will be the “boom-box” of the 2010’s… $350/share!
If the iPhone grabs a similar market share that the iPod does in the mp3 market, what is that worth? This is not really that hard to see if the talking heads would stop covering their eyes and ears while hoping that someone somewhere will come out with an iPhone killer. It is too late. Apple won this round and the smart phone market is theirs for the taking!
He didn’t evenmention the tablet. If it has decent speakers and of course iTunes, it will be the “boom-box” of the 2010’s… 350/share!
ibox or iboom?
Hmm – when does he expect it to hit 250? In a years time?
Sounds like a pump up. For the next few months “respected” brokers will be predicted extravagant price targets and the lemmings will push the price up.
Until of course the brokers cash in their positions and dump the stock.
Hey I don’t mind analysts giving their opinions but sadly I don’t believe they do it without an ulterior motive. For them to make money in this business someone else has to lose it and that is generally the average joe.
Me – I bought in at 70 and am staying in for the long term. Hopefully all the stock manipulation will even out and the price will increase because all of the good things Apple does, not how the brokers want to manipulate the market for their own ends.
And on Palm to $25, but you won’t highlight that, scumbags.
So …
RBC Capital just read the “Leaked Apple product roadmap info” courtesy of Captain bleed’n obvious – Ben Reitzersthe of Barclays Capital.
@DogGone
Like what happened to the market yesterday? Traders must have needed money to buy back to school clothes.
Let’s not forget that it’s Mike Abramsky of RBC who wrote incredibly erroneous projections and reports that cause dips in AAPL.
He’s definitely in with RIM.
MacDailyNews, could you find the links of his reports and how wrong he was? Thanks