Deutsche Bank hikes Apple price target to $375

Invisible Shield for Apple iPhone 4!“In his second note to clients in as many days, Deutsche Bank’s Chris Whitmore raised his price target for Apple (AAPL) to $375 — the highest we’ve seen to date,” Philip Elmer-DeWitt reports for Fortune.

“‘Apple is beginning the strongest product cycle in the company’s history, led by the iPad and iPhone 4 release later this week,’ he writes,” P.E.D. reports. “Whitmore more than doubled his estimate of iPad sales for calendar 2010, to 12 million from 5 million — which makes you wonder what he was thinking last January.”

P.E.D. reports, “He’s also raised his iPhone estimate, but more modestly: it’s now 44 million for 2010, up from from 41 million.”

Read more in the full article here.

5 Comments

  1. Did anyone notice that during the keynote on FaceTime, Steve said that it would ship tens of millions of FaceTime devices in 2010. This would imply that FaceTime is going to show up on other hardware that Apple has yet to announce, otherwise Steve would have said tens of millions of iPhones.

    I suspect that we’ll see FaceTime make an appearance on the touch when it gets updated later this year. I also suspect that the new touch will adopt the same form factor as the iPhone 4.

    =:~)

  2. If Apple can only get “44 million” iPhones made in 2010, then that is all they will sell. If Apple could get 88 million made than that is how many they will sell.

    Is someone seeing inventory on a shelf somewhere? Idiots.

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