Apple is going to announce a huge first quarter this month, according to the latest series of analyst projections.
Apple Inc.? is going to announce a huge first quarter this month, according to the latest series of analyst projections which set price targets for its stock as high as $560.
The Cupertino, Calif.-based company's stock (NASDAQ:AAPL) rose to a new all-time high of $426.77 in morning trading.
For the Phoenix area, the news of Apple potentially having a big quarter is good for business at Intel Corp.? Its Chandler operations manufactures chips used in the company's desktop computers.
Goldman Sachs? analyst Bill Shopes raised his earnings estimate for the quarter that ended in December to $9.94 a share from $9.44 and hiked his projections for iPhone sales to 31 million from 30.2 million.
"We believe Apple is set to report healthy December quarter upside and all signs point to better-than-expected performance through 2012," he wrote in a note to investors.
Needham & Co.? analyst Charlie Wolf is even more bullish in his projections, forecasting earnings per share in the latest quarter of $10.85 a share, up from his previous projection of $9.55.
Wolf boosted his iPhone sales forecast to 32 million from 28 million and his iPad projection to 13 million from 12.5 million.
Apple Inc.? is going to announce a huge first quarter this month, according to the latest series of analyst projections which set price targets for its stock as high as $560.
The Cupertino, Calif.-based company's stock (NASDAQ:AAPL) rose to a new all-time high of $426.77 in morning trading.
For the Phoenix area, the news of Apple potentially having a big quarter is good for business at Intel Corp.? Its Chandler operations manufactures chips used in the company's desktop computers.
Goldman Sachs? analyst Bill Shopes raised his earnings estimate for the quarter that ended in December to $9.94 a share from $9.44 and hiked his projections for iPhone sales to 31 million from 30.2 million.
"We believe Apple is set to report healthy December quarter upside and all signs point to better-than-expected performance through 2012," he wrote in a note to investors.
Needham & Co.? analyst Charlie Wolf is even more bullish in his projections, forecasting earnings per share in the latest quarter of $10.85 a share, up from his previous projection of $9.55.
Wolf boosted his iPhone sales forecast to 32 million from 28 million and his iPad projection to 13 million from 12.5 million.
Source: http://feedproxy.google.com/~r/vertical_44/~3/R6beWskS6LU/apple-hits-new-high-as-analysts-boost.html
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