“In his first Apple supply chain check since Verizon iPhone pre-sales began, Susquehanna’s Jeff Fidacaro has raised his Apple price target (to $465 from $445) and his sales estimates for the iPhone and iPad,” Philip Elmer-DeWitt reports for Fortune.
“For the March quarter, he raised his iPhone shipment estimate to 19.8 million (from 17.7 million),” P.E.D. reports. “His supply-chain sources suggest a build of 6.7 – 7.1 million iPads in the current quarter (2 million iPad 1s and the rest iPad 2s) and sales of 5.25 – 5.5 million units. The big bump comes next quarter, after what he believes will be the April launch of the iPad 2. He’s looking for sales of 8.5 million iPads (up from 6.5 million) in the June quarter and has raised his fiscal 2011 estimate to 32.1 million iPads (from 27.3 million), an increase of 330% year over year.”
Full article here.
Expect a jump once the Verizon rush starts and numbers are published.
This is AAPL, there are no jumps, just gradual, grumbling acceptance, but we’ll take it over hypes à la Amazon stocks.
I want an iPad 2, now! Hope the iPad drops in price so I can also buy one.
Nice number and considering Apple’s growth should happen sooner than later …..
plus there is a new product in the pipeline that will catch everyone off gaurd
AAPL @ 600 by 2012
“raised his Apple price target”
“raised his iPhone shipment estimate”
Finally! A writer who understands that up is not a verb!
The Grammar Grouch
Apple stock is making good gains today. Probably from the good news with the Verizon iphone. It’s now in high territory. We could be seeing the next surge up. At 360 my stock holding will have gained 400%.
My guess is that it will go up to 380 on Verizon sales and the new iPad.
Good, I can always use the money!