According to a recent article by AppleInsider, Jaffray is optimistic about the future. More specifically, he is predicting that the company will actually surpass December quarter estimates.
“In a quarterly preview, analyst Gene Munster of Piper Jaffray predicts that Apple will surpass the firm’s earlier December quarter estimates by five million units based in part on “commentary from AT&T suggesting iPhone sales expanded slightly [year-over-year] and [from] Verizon that iPhone helped it reach record activations in December.” Munster estimates roughly 15 million iPhones could have been sold in the U.S., with a possible global sales range of 41 to 54 million units.”
What about the March 2013 quarter? How does Munster see things playing out in the months to come? Here is a brief excerpt from the same article:
“Munster also reduces the estimate for iPhones sales for the upcoming March 2013 quarter by five million to 38 million units. The firm expects that Apple’s forthcoming guidance will shed light on recent reports of component order cuts.”
Now that we have all of the Apple Inc. (NASDAQ:AAPL) iPhone talk out of the way, it is always nice to hear what Piper Jaffray has to say about the iPad lineup of tablets.
“Piper also expects Apple to announce 25 million iPad sales for the December quarter, with 20 million full-size iPads sold alongside five million iPad minis. Mac sales will likely see a drop of seven percent year-over-year, with Apple selling 4.8 million Macs over the last three months of 2012.”
This is all interesting information from Piper Jaffray, but we aren’t going to stop there. It is important to take a look at what Topeka Capital has to say.
In the same article by AppleInsider, analysts at Topeka Capital Management share their thoughts on why they remain upbeat on Apple, even when so many others are piling on top.
“Analysts at Topeka Capital Markets remain upbeat on AAPL despite negative sentiment surrounding the stock. In a report released Wednesday — titled “Apple’s Brightest and Most Innovative Days are Ahead of It” — analyst Brian White said the firm believes Apple’s product portfolio “has never been stronger,” rated the stock a “buy,” and set a 12-month price target of $1,111.”
That is one heck of a price target, considering this video we analyzed yesterday.
Why does White feel that things are looking bright for Apple Inc. (NASDAQ:AAPL) over the next 12 months? He singled out three factors:
“First was the continuing growth of the smartphone and tablet sectors, two areas where Apple holds an enviable position as a market leader. Second were positive indications out of China, where Apple is working on a deal with the world’s largest carrier China Mobile and is now moving to position its iPhone to be more price-competitive. Finally, White pointed to the television market, which he believes is still ripe for an Apple disruption.”
Do you agree with the information provided by Munster as well as the price target set by Topeka Capital Management?
Check back here for more updates on Prediction For Apple Stock.
DISCLOSURE: I have no positions in any stock mentioned.
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