“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.”
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