Piper Jaffray ups Apple iPhone 4 sales estimates, share price target

“A Piper Jaffray analyst raised his estimate for iPhone 4 sales by 1 million units Wednesday as Apple Inc. strained to keep up with orders for the new device,” the Associated Press reports.

“In a client note, Piper Jaffray’s Gene Munster said he now expects Apple to sell 9.5 million units of the iPhone 4 before the quarter ends June 30,” AP reports. “He also raised his price target for Apple shares to $348 from $330 and reiterated an ‘Overweight’ rating on the company.”

Full article here.

[Thanks to MacDailyNews Reader “Manny S.” for the heads up.]

28 Comments

  1. @Macintosh: “Just wait until iPhone 4 is on more carries!! Bloodbath.”

    The only carrier limitation is in the US. I agree that’s not good, but there is huge potential for sales growth internationally (China, Japan, Europe). Bloodbath will happen regardless of when VZW is brought on board. The only question is how deep the bloodbath will be. Without VZW, bloodbath will be a mile deep. With VZW, it will be a mile and ten feet deep.

    And who knows? Maybe AT&T;will actually get their shit togethHAHAHAHAHAHAHAHAHAHAHA! (I knew I couldn’t say that with a straight face.)

  2. @MDN: I know there’s comic value in “analysts” pieces, but seriously, these *uckers know less than the average Zune owner (yes, all three of them) and I just don’t effin’ care what they think as it’s always wrong, and just like politicians, they blow with the wind, and young interns.

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