Kaufman ups Apple price target to $415; says Steve Jobs on par with Edison, Franklin, and Disney

Apple Online Store“Kaufman Bros. analyst Shaw Wu has raised his price target for Apple stock from $395 to $415,” MacNN reports. “The figure is based on a higher gross margin prediction for the quarter, using different assumptions including new data suggesting ‘benign’ component price trends. Wu is now calling for a margin of 37.5 percent, up from an estimate of 37.2, and Apple’s own guidance of 36 percent.”

“Wu is modeling $24.2 billion in revenue with $5.41 in EPS,” MacNN reports. “Unit predictions are holding at 16 million iPhones, 6.1 million iPads, 4.2 million Macs and 17 million iPods. Looking into the March quarter, Apple’s Q2, Wu is raising estimates from $19 billion in revenue and $4.15 in EPS to $20.2 billion and $4.38, respectively. The quotes are actually below the industry consensus, which is $20.6 billion and $4.43.”

MacNN reports, “Regarding Jobs, Wu places the CEO’s social and technological contributions on the same level as ‘Thomas Edison, Benjamin Franklin and Walt Disney.’ The analyst nevertheless proposes that Jobs has instilled his philosophy into Apple culture, and that the company’s workforce of nearly 50,000 people doesn’t get enough credit for successes.”

Read more in the full article here.

12 Comments

  1. Edison gets the credit for the lightbulb, which is a tremendous contribution, but Nikola Tesla is the visionary that really transformed our society with such inventions as the dynamo and alternating current.

    I think Jobs visionary ability is more on par to Tesla’s.

  2. Disney is still going strong and Walt’s been gone for 45 years; for that matter, the Beatles continue to influence music and are still going strong.

    And look how hard it is to snuff out the legacy of Bill Gates…

  3. @Jose:

    I think it is a mixture of both.
    Edison delivered a lot of his work to the market, as Jobs, to transform it in value to his company. Tesla was so revolutionary and idealist that some of his ideas and inventions never hit the market thanks to the government or interest of some powerful companies. The first died wealthy while the second, in misery.

    Long live to Steve Jobs, a genius on his own right.

  4. @drz, Disney had a major hiccup after Walt, but once they understood his deeper philosophy and got past “what would Walt do”, they got back on track.

    I suspect that Jobs has recently been working on conveying exactly that kind of deeper understanding on Apple.

  5. Steve is so far ahead of the curve in organizational behavior that I’d wager most of us fanboys do’t even really get it.

    He has definitely made his dent in the universe ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

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