Apple is going to post its Holiday season earnings report in less than a week and it stirred a fresh round of predictions among financial analysts and all expects nothing less than “Great.” Let’s hope Apple can live up to their expectations.
RBC Capital Markets analyst, Mike Abramsky, predicts an 84 percent increase in the iPhone sales to 16 million units over the holidays on a year-over-year basis. Compared to the 14.1 million sales figure in the September 2010 quarter, this will be much bigger earning the company a “Holiday Hattrick.”
He further predicted that Apple would sell 6 million iPads and 4.2 million Macs in the holiday season.
As for 2011, Abramsky expects Apple to sell 70 million iPhones accounting for 19 percent of the world smartphone market
On January 11, 2010, at a New York press conference, Verizon Wireless, the largest network carrier in the U.S., launched a 3G CDMA version of the iPhone 4. This is great news not only for iPhone fans but investors as well. Post announcement, Peter Misek of Jefferies & Company predicts a rise of $450 per Apple share from a previous price of $365.
He thinks that Apple would unveil two iPhone models- one by October supporting the 4G LTE network while a GSM-based iPhone 5 in June. He further predicts a new 4G-based iPad in late 2011.
The Wall Street Journal’s Brett Arends wrote that over the past five years, Apple stocks gained 56 percent on an average per year and if it continues to rise at a similar rate then by 2014 Apple’s market value would become $1.25 trillion. Even if it grows at a rate of 20 percent a year, its market value would become $333 billion making it more valuable than Exxon Mobil, Procter & Gamble and Johnson & Johnson.
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