MacDailyNews Take: Choe’s iPad estimates are too low.
Savitz reports, “His iPhone forecast for the March quarter is now 7.5 million, up from 6 million ‘due to better than expected sales and build checks.’
“Choe upped his FY 2010 revenue forecast to $57.4 billion, from $55 billion; his non-GAAP EPS estimate increases to $12.38, from $11.94,” Savitz reports. “Macquarie maintains an Outperform rating and $250 price target on the stock.”
Full article here.
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8M to 10M iPads by the end of CY10. That’s my unsupported WAG. You heard it here first. Now someone pay me for it
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I am always sure to check with bozo at Macquarie for my investing advice. Doesn’t everyone?
$250 price target??? Way to go out on a limb, Choe!!
If these kind of “investment professionals” ever get anything right, it’s by accident. If they actually understood how to make money investing, they wouldn’t have to work for somebody else.
Uhh…Don’t you think MACquarrie is a bit biased. Considering their name?
$250 price target! Ha. Others are saying $345, a few $500 and one guy I’d love to see right is saying $1000. If that happens I’ll be buying my Italian villa. (And to think the first Apple stock I bought was $6.)
@Tim Flint
My basis is $8. And if the $1000 target is right (although doubtful), I’m going for the Provençal bastide. Still, even the lowest projections would be awfully nice.
non-gaap? there is no “non-gaap” anymore. apple changed their accounting last quarter. analysts! what do you expect?
and “build checks”? common, does anyone really believe this moron has any insight of the supply chain of apple?
i am always surprised how they get away with it. let alone get paid.
At $1K/share AAPL’s market cap would be almost a trillion smackers.
pure fantasy