“Thanks to the huge success of the iPad and the iPhone, Apple appears on target to top the $100 billion annual revenue mark for the first time when it reports results for the fiscal year ending September 2011,” Eric Savitz blogs for Forbes.
“That puts the company well ahead of Microsoft, and close to parity with IBM, while still trailing tech revenue leader Hewlett-Packard, which should top $130 billion in revenue for its October 2011 fiscal year,” Savitz reports. “And there should be more growth from there.”
Savitz reports, “Needham analyst Charlie Wolf raised his FY 2011 revenue forecast for the company to $103.9 billion from $98.9 billion; his EPS forecast goes to $23.25 a share from $22.25. For FY 2012, he now sees $125 billion in revenue and profits of $27.35 a share, up from $118 billion and $25.50. The higher estimates, he writes, reflect a revised forecast for iPad sales: he now sees the company selling 30 million units this year and 40 million next, up from 20 million and 30 million previously.”
Read more in the full article here.
Why “analysts” are so genius in stating the obvious?
And they only needed to blatantly disregard Nokia patents to get there.
Okay that’s not entirely true. They did have to steal XEROX’s ideas somewhere in there as well.
Ill-gotten gains, my friends.
Are you kidding? DO we have to go over this again?
1998 called, it wants its weak anti-Apple rant back.
1998 called? Did you warn them about 9/11?
Yeah I warned them not to get swept up in lies and jingoism.
And to short American Airlines stock the day before.
Xerox sued Apple over this and the case got thrown out — ahem…
“Xerox filed a lawsuit against Apple claiming Apple had infringed copyrights Xerox held on its GUIs. Xerox had invited the Macintosh design team to view their GUI computers at the PARC research lab; these visits had been very influential on the development of the Macintosh GUI. Xerox’s lawsuit appeared to be a defensive move to ensure that if Apple v. Microsoft established that “look and feel” was copyrightable, then Xerox would be the primary beneficiary, rather than Apple. The Xerox case was dismissed.”
Apple did NOT implement their GUI in the same way that Xerox did. No IP was stolen.
Apple did NOT disregard Nokia’s patents. Nokia made some of their core patents part of an industry standard agreeing to charge FRAND terms. Nokia, instead of asking for FRAND terms, was asking for 3x the amount. The only one “blatantly disregard”ing anything was Nokia.
The only thing holding Apple sales and market share back is manufacturing! Remember what Tin Cook said that if they could have made more they would have sold more. I am still reading about lines in the morning at the Apple stores weeks after the iPad 2 release.
If you want to know how many products Apple will sell, figure out where the bottleneck is. I am sure Apple is working on that. Isn’t it great to have more than $60 billion in the bank for small problems like this.
Wolf is an idiot if he only just raised his estimate for iPads from 20M to 30M.
News Flash= Zune Tang minus the tang
Xerox was well paid, including equity in Apple, which they foolishly unloaded years ago.
MS apologists dragging out the same tired old tropes is so last century.
Analyst: Apple on target for its first $1000 billion revenue 2020