“Cowen & Co.’s Matthew Hoffman today reiterates an Outperform rating on the shares, arguing results can be slightly better this quarter than expected, in part because iPad trends seem positive,” Tiernan Ray reports for Barron’s.
“Hoffman is modeling $40.6 billion in revenue for the June quarter, and EPS of $10.03, above the consensus of $39.38 billion and $9.28. He expects sales of 21.7 million iPads and 31 million iPhone units,” Ray reports. “Hoffman offers data from a survey his firm commissioned of U.S. household attitudes toward the iPad, with 1,079 respondents, last month, which showed 40% of the households responding having an iPad, 35% the normal version, 5% the mini version”
Ray reports, “Almost a third, 27%, said they intended to buy the regular iPad, 14% the iPad mini. The third most-discussed device was Samsung Electronics‘s ‘Galaxy Tab’ line of tablets, with Amazon.com‘s ‘Kindle Fire’ in fourth place.”
Read more in the full article here.
MacDailyNews Take: “Hey, look at me, I bought a Samsung tablet! It was either that or tattoo ‘CLUELESS’ on my forehead.”