Originally published July 21, 2007 at 12:00 AM | Page modified July 21, 2007 at 2:02 AM
E-mail article
Print viewApple's forecast: shower of iPhones
Apple's share-price forecast was boosted by 28 percent at Piper Jaffray, which said the iPhone could see a "tidal wave" of demand in two...
Bloomberg News
Apple's share-price forecast was boosted by 28 percent at Piper Jaffray, which said the iPhone could see a "tidal wave" of demand in two years' time.
Analyst Gene Munster said that he expects Apple to sell 45 million iPhones in 2009 and that its revenue may "spike" that year because of the way the company books revenue for the device.
"One thing we learned with the iPod is that when a device is game-changing, the demand will come," Munster wrote in a note to clients. "If Apple can sell 45 million units in 2009, the earnings power and historical multiple ranges suggest our price target is reasonable."
Munster increased his share-price estimate for Apple to $205 from $160 and kept an "outperform" rating on the stock. Apple shares have advanced 131 percent in the past year, the fifth-best performance in the Nasdaq 100 Index.
Apple shares gained $3.75 to close Friday at $143.75.
Copyright © 2007 The Seattle Times Company
E-mail article
Print view
Digg
Newsvine
Bill Clinton meets with Senate Dems on health care
Credit-card holders to pay the price for banks' struggles
Kraft's offer for sweets giant Cadbury turns bitter after rejection
Fewer fliers expected over holidays
Big bonuses coming at 3 big banks
Ken Auletta talks about "Googled"
Ken Auletta talks about Google with Brier Dudley at the Seattle Central Library.
Medal of Honor
Pelosi answers questions at Swedish Medical Center
Pelosi speaks at Swedish Medical Center
"Pistol" Pete Ryan
Mourners gather at KeyArena for slain officer's memorial
Procession for slain SPD officer
Election Night: Approve R-71
Election Night: Reject R-71
Election Night: Joe Mallahan
nwjobs
Post a comment
Michelle Goodman blogs about work/life balance.
How to tell your office you're gravely ill
Post a comment
nwautos
Choosing a new sedan? Weigh the impact of your choice on your wallet and on the planet.
Post a comment
Open Houses | Find this weekend's open house listings.  Or search by location: |
- 'Missing' SeaTac man found with new name, in new state
- Police: DNA from officer's slaying matches suspect
- Prosecutors consider charges against suspect in police shooting
- Three more fires ignite in Greenwood
- Steve Kelley | Hasselbeck gives Seahawks' sagging season a stay of execution
- Plans call for Triangle to become West Seattle gateway
- Bill Clinton meets with Senate Dems on health care
- Trucker dies as big-rig plummets off SF bridge
- McGinn next Seattle mayor; Mallahan concedes as vote gap widens
- Washington coordinator Nick Holt says his Huskies defense is improving
- Prosecutors prepare charges against suspect in police shooting
254 - House health bill unacceptable to many in Senate 248
- Pelosi tours Seattle's Swedish after health-care vote 177
- Prosecutors prepare charges against suspect in police shooting 144
- Alleged shooter tied to mosque of 9/11 hijackers 135
- Obama puts heat on Senate to speed health bill 123
- Resolute Fort Hood soldiers ready for return 119
- McGinn more than doubles his lead over Mallahan 106
- Josh Smith picks UCLA 72
- Cutaia says replay handled properly on Austin TD 69
- For 80-year-old Maple Valley man, hoops aren't just a dream
- Plans call for Triangle to become West Seattle gateway
- Three more fires ignite in Greenwood
- 'Missing' SeaTac man found with new name, in new state
- Silver Lake restaurant destroyed by fire
- Pakistani-American cafe, bar owner on verge of being Granite Falls mayor
- House Speaker Nancy Pelosi tours Seattle's Swedish after health-care vote
- Taste | Ruth Reichl still reigns as queen of America's culinary scene
- All You Can Eat | Fruit flies: thrill to the kill
- Police: DNA from officer's slaying matches suspect
