Apple still have lots of room for growth

Apple is a hardware brand not a software brand like Microsoft. I believe one day they will release touch screen Imac and laptops when the economy reaches a trough point. Furthermore, consider how cloud computing is going to be the wave of the future, who needs Microsoft's OS and software?

 

Wouldn't this also create no need for
expensive hardware?

 

AAPL's strenth is branding and that won't be going out of vogue anytime soon.

 

April 6, 2009

Barclays is out with am interesting call on Apple (NASDAQ: AAPL) raising their target to $143 from $113 saying the stock remains one of our top picks given its new product pipeline & very strong free cash flow. They believe new products including a new familiy of iPhones in June & an ultraportable later this year should boost shares.

They are raising their pro forma estimates for Apple significantly given their view that the company candeliver a robust new product cycle for iPhones in '09 supporting about $10/sh in annualized FCF. Also, iPhone demand has held near-term better than their conservative ests according to checks.

- Barclays believes AAPL is readying a an ultraportable device for later this yr (not included in ests).

- Given higher iPhone estimates, F2Q GAAP EPS is now $1.00 (was $0.98) w/non-GAAP of $1.37 (was $1.18) on 4% y/y revenue growth to $7.8B. FY09 GAAP EPS is $5.00 (was $4.85) w/non-GAAP of $7.18 (was $6.44) on 10% y/y revenue growth to $35.65B (was $35B).

- Given the iPhone is becoming a much bigger portion of earnings, they focus on "pro forma" EPS
that reverses iPhone subscription accounting. They new price target is $143, 15x our new pro forma estimate of $7.88 for FY10.

http://www.streetinsider.com/Analys...t+to+$143+-+new+portable+coming?/4542258.html

 

Piper Jaffray maintains a Buy rating and $180 price target on shares of Apple

April 8, 2009

The results of Piper Jaffray's 17th bi-annual teen survey are in, showing Apple to have broadened its lead in the areas of iPod consumption and iTunes usage -- both of which are nearing their saturation point -- as the company moves to translate these successes to its iPhone business.

....

"Apple is dominant in the market, and the lead appears to be growing as the market nears saturation," Munster said, adding that this will likely drive Apple to turn its attention to secondary iPods like the new shuffle and iPods with more features and higher prices like the iPod touch. "Apple's dominance in the PMP market remains largely unchecked, and it is clear to us that Apple has captured the 'cool factor' among high school students across America."

Overall, 92 percent of students said they currently own a digital media player, up from 87 percent a year ago. Of these students, a resounding 86 percent reported owning an Apple-branded iPod, an increase of 2 percent from the same survey conducted in the fall of last year. Just 4 percent of students admitted to owning a Microsoft Zune.

The Piper Jaffray analyst, who maintains a Buy rating and $180 price target on shares of Apple, said this much-anticipated but unconfirmed model would be ideal for catering to more price sensitive geographies like China or price-sensitive demographics like teens.

http://www.appleinsider.com/article...ation_point_for_ipod_itunes_use_by_teens.html

 

Apple have lot of room grow in China

 

Apple's iPhone, an Indian Flop, Prepares for China

http://www.businessweek.com/globalbiz/content/apr2009/gb2009041_266236.htm

Regards,
Suri

 

i BOUGHT jan10 $250 lOTTERY cALLS . they were cheap and are already up form when I bought them., so who knows!

 

April 13, 2009, 10:34 am

Kaufman Bros. analyst Shaw Wu this morning repeated his Buy rating and upped his price target to $152 from $120. “The bottom line is that even through Apple greatly outperformed, up 45% since late November vs. a 20% return in the Nasdaq and 7% in the S&P 500, we believe there is still room for sizable upside as investors gain more confidence and AAPL trades closer to its normal 20x-25x multiple,” he writes. Wu sees several potential catalysts ahead for the stock, include the upcoming Worldwide Developers Conference in June, the launch of Snow Leopard, and the debut of a new form factor, possibly “Apple’s answer to the netbook.” He says the shares also could get a boost from lower cost service plans for the iPhone and an AppleTV update.

Caris & Co.’s Robert Cihra today likewise repeated his Buy rating and upped his target to $150 from $120. “Believe it or not, the iPhone and App Store might still be under appreciated, shaking up the entire billion-unit cell phone industry,” he writes. Cihra says supply chain data points to very strong second half build rates, with a hardware refresh and a possible debut in China. Given what he expects will be strengthening iPhone demand, Cihra ups his FY ‘09 EPS estimate to $5.39, from $5.29, while lifting FY 2010 to $6.25, from $5.73. Like Wu, Cihra sees a new form factor coming but says “don’t think netbook, think 7-inch iPhone.”

http://blogs.barrons.com/techtraderdaily/2009/04/13/apple-kaufman-caris-analysts-up-targets/

 

April 16th, 2009 at 4:13 PM

Amtech Analyst is expecting Apple to turn in a "solid" March quarter when the company reports on April 22nd, 2009. He believes the company will beat its own guidance and current Wall Street estimates with revenues of $8.3 billion and $1.20 in earnings per share (EPS). That compares to guidance from Apple of $7.6-$8 billion and EPS of $.90-$1.00 per share.
AAPL’s Target Price to $135 from $120.

Broadpoint AmTech analyst Brian Marshall raised his price target on shares of Apple Inc. Thursday. In a research note obtained by The Mac Observer, Mr. Marshall cited Apple's already impressive performance in recent week, plans for an iPhone ramp in June, and the markets willingness to pay higher multipliers on some stocks. Based on these issues, he maintained his "Buy" rating on the stock, and moved his target price to US$135 per share, up from $120.

Mr. Marshall is also expecting Apple to turn in a "solid" March quarter when the company reports on April 22nd, 2009. He believes the company will beat its own guidance and current Wall Street estimates with revenues of $8.3 billion and $1.20 in earnings per share (EPS). That compares to guidance from Apple of $7.6-$8 billion and EPS of $.90-$1.00 per share.

For the current quarter, he is estimating revenues of $8.6 billions and EPS of $1.19, higher than consensus estimates of $8.2 billion in revenues and $1.12 EPS. He is expecting Apple to offer its "usual" conservative guidance of $8 billion in revenues and $1.00 EPS.

He's expecting Apple to report 3.15 million iPhones sold for the March quarter, along with 11.3 million iPods, 2.27 million Macs broken down to 1.616 million portables and .651 million Mac desktops. He's estimated similar Mac shipments for the June quarter with 11.5 million iPods and 5 million iPhones.

Helping to move more iPhones is not only the expected iPhone update in the June quarter, but also the ramp of more than 70 carriers around the globe that are now carrying the device. That's up from 51 in September of 2008 and only 6 in June of 2008.

"Since the recent market lows on March 9," he wrote, "AAPL shares have materially outperformed the S&P 500 by ~1,600bps (42% vs. 26%, respectively) due to rising iPhone build plans for the June '09 quarter -- now common knowledge on the Street. The market is willing to pay higher multiples now and we are bumping our target multiple to 17x (from 15x) our pro forma CY09 EPS of $8.00 to arrive at our new target price of $135 (from $120)."

.

http://www.macobserver.com/tmo/article/broadpoint_analyst_bumps_aapls_target_price_to_135/