“With most forecasts, the exact number isn’t nearly as important as the direction of the call, but with Apple, I do have a specific breakdown,” Schwarz writes. “Certainly, the financial crisis of 2008 derailed much of the excitement over individual stocks, as it brought down all ships with the broad market. But now that the economic environment is improving, speculative capital will return to high-growth companies that are gaining market share. Apple is one of the few companies on Wall Street to have actually grown revenue during the recession. If it was able to grow during the recession, what will it do now?”
“My forecast is for Apple to sell an average of 14.8 million iPhones per quarter in 2011. This equates to a total of 59.2 million iPhone unit sales for the year or a 17.7% share of the expected 334 million unit/year smartphone market,” Schwarz writes. “See you at Apple $500.”
Full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]