Originally published July 21, 2007 at 12:00 AM | Page modified July 21, 2007 at 2:02 AM
E-mail article
Print
ShareApple'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.
UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case
UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip
UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award
UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall
NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook
More Business & Technology headlines...
911 audio: Caseworker reports Josh Powell has locked children inside his home
911 audio: Caseworker reports Josh Powell's house on fire with children inside
911 audio: Sister of Josh Powell reports disturbing emails
Chuck Cox reacts to Powell home fire, death of his grandsons
Sheriff's update: Josh Powell spread gasoline in home fire, sent goodbye emails
Don Bateman, inventor of Ground Proximity Warning System
Pierce County sheriff reacts to Powell home fire
Price of Protection: A victim speaks out
Price of Protection: Inside the Special Commitment Center
Entertainment | Top Video | World | Offbeat Video | Sci-Tech
Open Houses
|
Find all open houses.
|
nwautos
Turismo upgrade "Gran Turismo 5: XL Edition" for PlayStation 3 has features such as new car-tuning settings, new NASCAR vehicles, better replay video...
Post a comment
- Lakewood cop accused of embezzling $150K meant for slain officers' families
- 3 big health insurers stockpile $2.4 billion as rates keep rising
- Agency set to investigate handling of 911 call about Josh Powell
- Quick decisions: How Washington hired its new football staff
- Historic day for gay marriage as another fight looms
- Justin Wilcox's versatile defensive style is the right fit for Huskies | Jerry Brewer
- Social worker recounts minutes before Powell fire
- It's Terrence Time: Enigmatic Ross leads Huskies
- $25B settlement reached over foreclosure abuses
- Club promoter convicted in brutal 2010 murder of Des Moines prostitute
- Gay-marriage bill passes House, awaits Gregoire's signature
490 - Historic day for gay marriage as another fight looming 371
- Wanted in Seattle classrooms: more teachers of color 353
- 3 big health insurers stockpile $2.4 billion as rates keep rising 245
- Council members get briefing on arena proposal, minus details 237
- AP Source: Obama to change birth control rule 231
- Oregon live game thread 155
- Pac-12 picks ... including the UW game 140
- Worker: Josh Powell told son he had 'surprise' 108
- Rough road again 100
- Wanted in Seattle classrooms: more teachers of color
- State Medicaid program to stop paying for unneeded ER visits
- 3 big health insurers stockpile $2.4 billion as rates keep rising
- Economy, blogs give survivalists new reason to look to Northwest
- State's share of mortgage settlement: $648 million
- One man's audacious pursuit of sailing history
- Darren Berg gets 18-year sentence for Ponzi scheme
- Bellevue College adds a third bachelor's degree program
- $25B settlement reached over foreclosure abuses
- 'Gauguin and Polynesia': dazzling mix-and-match | Art review
