“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.”
Advertisement: Limited Time: Students, Parents and Faculty save up to $200 on a new Mac.
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.]
Pretty numbers. How about getting this quarter right first!
Munster is full of it. He is still low-balling apple potential. At the unit numbers he presents (which is still a low-ball number) EPS will be over $50.
If the rumors are correct and Apple will sell around 20 million in the current quarter, then this estimate is laughably low.
I think he is off by a full year and Apple will sell at least 68 million iPads in 2012.
At least. The iPad 2 is on track to sell over 40 million this year. Nearly 3 times the iPad 1’s 15 million. Even a conservative estimate puts the 3 at 75- 100 million. Munster’s number don’t fit with any of the sales reports.
You are correct. It should read 2012 and not 2013. Does he know what year it is?
I may not be the best with large numbers, but tell me what would one think the better investment would be.
Apple vs Amazon
Apple vs Intuitive Surgical
Apple vs Netflix
And then explain to me why all three of those companies are outperforming Apple YTD.
I didn’t see Gene’s estimate for Apple branded television sales.
I can’t fathom why we always get those predictions of Apple growth slowing to 10 %, 20 % accompanied by positive remarks like “strong growth” etc. For those figures, shouldn’t analysts be explaining in detail why they think Apple will f**k up and ruin everything they’ve achieved over the last years?
In the absence of such explanations, we should expect Apple iOS shipments to keep growing at 50 % to 150 % per year. iPad has only started and will continue to cut into the PC market like butter. iPhone is more mature. It still has some room to grow in the high-end segment (50 to 100 % total) before Apple will release something for the higher mid-range ($350-$500) to keep growth up.