Analyst: Apple to Introduce iPhone, Ultra-portable Device in 2007
Analyst: Apple to Introduce iPhone, Ultra-portable Device in 2007
by , 11:55 AM EST, November 28th, 2006
UBS Investment Research analyst Ben Reitzes sees strong iPod shuffle and nano sales giving Apple even more momentum moving into 2007. He also predicted next year will bring exciting product announcements, including an Apple-branded cell phone and ultraportable devices.
Mr. Reitzes said "In calendar 2007, we continue to expect new video iPods, more content deals for video, and more moves into the digital entertainment arena for Apple, including the iTV media hub device. Phones and ultra-portable devices could also be announced within the next year. We should hear more from Apple at Macworld in January with Steve Jobs' keynote on January 8."
He forecasts Apple will report 16.56 million iPods sold for this quarter, and 1.8 million Macs sold. Mr. Reitzes is raising his first quarter 2007 EPS from US$0.78 to $0.80 based on an 11-percent revenue growth to $6.4 billion, up from $6.3 billion.
EPS for fiscal 2007 are up, too, from $2.75 to $2.84 based on $23.76 billion in sales, up from Mr. Reitzes' earlier estimate of $23.25 billion. His target price for Apple's stock is up from $95 to $108, and he is maintaining his "Buy" rating.
Apple stock is currently trading at $91.53, up 1.99 (2.22%).
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
Observer Comments
Comments are currently closed. Please email the author instead.
Recent Headlines - Updated July 6th
- Mon, 11:17 AM
- Ted Landau's User Friendly View - Apple’s LED Cinema Display: A Too Short Story
- 11:11 AM
- Product News - Photo Recovery for Mac Adds Photoshop Support
- 10:39 AM
- Hot Forum Topic - iPhones in Education
- 8:47 AM
- News - Apple Employee Injured in Store Shooting
- Fri, 10:29 AM
- News - Apple Warns of Learning Interchange Security Breach
- 7:30 AM
- News - Happy Fourth of July!
- Thu, 6:07 PM
- TMO Scoop - Psystar Moves to Drop Bankruptcy Ahead of Apple Legal Battle
- 5:37 PM
- News - Uncomfirmed Reports Say Apple & Nvidia On The Outs
- 4:57 PM
- News - Microsoft Sick Over Barf Ad
- 4:09 PM
- Product News - KRK Ships R6 Passive Studio Monitor for Recording
- 3:45 PM
- John Martellaro's Blog - Particle Debris (week ending 7/2) Juiced, Joost and Goosed
- 3:12 PM
- Product News - ExactScan 2 Pro Released
The Mac Observer Reader Specials
- Download Typestyler, still the Ultimate Styling Tool for Internet, Print and Video Graphics. Works great in Classic with a Native OS X Version on the way. Free Tryout: www.typestyler.com
OWC: Big Drives, High Performance - Not High Prices! SATA 3.5" up to 1.5TB. Notebook up to 500GB. FW up to 6.0TB. 1.0TB Drive Models from as low as $97.99 www.MacSales.com
If you're using a Mac, then you've gotta check out Full Tilt Poker for Mac. This Full Tilt Poker bonus code does the unthinkable, it actually rewards!
RamJet Memory: MacBook and MacBook Pro 4GB kits for $57.99! Mac Pro 4GB Kits $99.99! iMac and Mac mini 4GB Kits for $57.99! 1TB SATA Hard Drives for $109.99! Click hereFor the latest Apple products use Ciao, a price comparison website, to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate mobile phones like the Apple iPhone.
Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.


