“Investment firm Piper Jaffray on Wednesday released their calendar year 2013 estimates for Apple, forecasting $164 billion in revenue with earnings per share of $40.50 on sales of well over 200 million iOS devices,” Neil Hughes reports for AppleInsider.
“Analyst Gene Munster’s estimates are 8 percent ahead of Wall Street’s 2013 expectations for revenue, and 10 percent higher than the Street’s earnings per share forecast. Munster sees Apple’s revenue growing 19 percent in calendar year 2012 and another 17 percent in 2013,” Hughes reports. “He also sees Apple’s cash hoard continuing to grow over the next few years, reaching $140 per share at the end of 2013, compared to $81 per share in June 2011.”
Hughes reports, “As for the iPad, Munster sees the touchscreen tablet representing 21 percent of Apple’s revenue in calendar year 2013, with sales of 68 million units… And for the Mac platform, Munster has forecast it to earn 16 percent of Apple’s revenue in 2013 with sales of 23 million Macs that year.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Brawndo Drinker” for the heads up.]