Trefis: Apple to cruise to $500 stock price with iPhone driving

For Apple (AAPL) shareholders, “there is plenty to look forward to in the next quarter. Apple released iPhone 4S a few days back, and we are quite optimistic about its prospects,” Trefis Team writes for Forbes. “Our bullishness is reflected in the 25% premium of our price estimate for Apple stock over market price.”

“During the earnings call, Apple’s CEO Tim Cook was quite optimistic about iPhone 4S prospects, with Apple having already sold 4 million units during the first three days of its launch (see Adjusting Apple’s Estimates to $500 Post Earnings),” Trefis reports. “AT&T’s CEO echoed this optimism and was even more bullish on iPhone 3GS prospects, which Apple made it free with contract, ‘We have another device that I think is going to dramatically change those people that are on smartphones and quick messaging devices, the 3GS, which is free with a 2-year contract. We’ve seen a tremendous, tremendous demand for that device even though it’s a generation old. And actually, we’re getting more new subscribers coming on the 3GS on the average than other devices. So we also have an inventory sold out on that device.'”

Read more in the full article here.

5 Comments

  1. “So we also have an inventory sold out on that device.’”
    I wonder, does ANALyst can mention something like that about HTC and Samsung becoming “top smartphones sellers”?
    HTC and Samsung reported “shipments” not “Inventory sold outs”, I beg your pardon, but are those two terms meaning the same? or how can they claim those two cloners are the top smartphone vendors?

    1. This screams stupid every time someone shows their web traffic. Apple iOS devices dominate total Android traffic.

      Note:
      • Samsung isn’t all but only part of the Android traffic.
      • They include websites with Flash that iOS devices can’t read.

      Apple states, “If we could have made more, we would have sold more” remains the facts in the smart phone market.

  2. For Android, every phone has to be a new iteration. The so-called great Android phones all became junk once a new Android comes to market and most of them will find their way into the landfill heap, creating an environmental hazard. So Android has to come up with a new phone every month to catch up with obsolescence. Poor Android users: a shiny Android toy that becomes obsolete within a month!

    But not iPhone, every iPhone is evergreen and it titillates and exudes envy in every Android manufacturer.

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