“Shares of Apple are up 0.28% to $113.26 in pre-market trading after Oppenheimer reiterated its ‘outperform’ rating, its $130 price target and raised its estimates for FY2015 and FY2016 revenue and earnings per share,” Sebastian Silva reports for TheStreet.
“‘We update our AAPL numbers based on strong iPhone [6 and 6 Plus] sales momentum and renewed outlook on Apple Watch. Apple remains our top pick in the handset value chain,’ Oppenheimer said,” Silva reports.
Silva reports, “Analysts provided the following Apple model changes: FY15E and FY16E revenues/EPS to $221 billion/$7.85 and $235 billion/$8.83 from $220 billion/$7.80 and $229 billion/$8.58, respectively.”
Read more in the full article here.
MacDailyNews Take: $221 billion. $235 billion. Let those numbers sink in for a moment.
Even for those who always had faith in the vast promise of Apple, it’s still amazing to see how just far and how quickly the company has come since the dark days just before Steve’s return!