“Consumers have taken to Apple’s iPhone in droves since it was released in September, but demand may be stronger than some on Wall Street were expecting,” Chris Ciaccia reports for TheStreet. “Couple iPhone demand with the potential that the Apple Watch will surprise to the upside, and 2015 could be a banner year for the world’s largest company. ”
“Bank of America Merrill Lynch analyst Wamsi Mohan sees is that way after he boosted his price target on the stock to $130 on the back of raising iPhone estimates in fiscal 2015 to 200 million, up from 195 million, because of strong demand for both the iPhone 6 and iPhone 6 Plus,” Ciaccia reports. “”
“In addition to strengthening demand for the new iPhones, of which Apple sold more than 10 million in the first weekend it was available, Mohan believes the Apple Watch could sell many more units than Wall Street is expecting,” Ciaccia reports. “Mohan estimated that Apple will sell 22.9 million Watch units in calendar year 2015 and 38.5 million in calendar year 2016…”
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