The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Analyst: Apple May Sell 17M iPhones in 2008

Analyst: Apple May Sell 17M iPhones in 2008

by , 11:55 AM EDT, May 8th, 2007

Apple is hoping to sell 10 million iPhone units in fiscal 2008, but Caris & Co. analyst Shebly Seyrafi thinks the company's estimates may be too low by about seven million. Mr. Seyrafi is estimating that Apple could sell as many as 17 million iPhones in 2008, and then jump up to 25 million units in fiscal 2009, according to Barron's.

During his keynote presentation at Macworld Expo in January 2007, Apple CEO Steve Jobs stated his company was targeting one percent of the smart phone market in the iPhone's first year. That would account for the 10 million unit figure Apple has targeted, but Mr. Seyrafi's projections put the iPhone over the one percent target by a healthy margin.

Mr. Seyrafi also expects Apple may sell 11.9 million iPods in the June 2007 quarter based on checks of the hard disk market. About a third of those sales will be for Apple's video capable iPod, indicating a strong market for the portable media player.

Mr. Seyrafi is raising his target price for Apple stock from US$110 to $115. He is also bumping up his fiscal 2007 EPS estimate from $3.43 to $3.52. For fiscal 2008, he is now predicting a 3.73 EPS, up from $3.54, and $4.42 in 2009, up from $4.21.

Apple stock is currently trading at $103.89, down 0.03 (0.03%).


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.

Recent Headlines - Updated March 28th

Fri,7:50 PM
How to Update Any Icon on Your Mac
7:25 PM
Steve Wozniak: Apple Watch Edition Won’t Move the World Forward
3:45 PM
The REAL Reason Apple’s iPad is Faltering
2:50 PM
‘Bobine’ Flexible iPhone Charging Dock: $24.99
2:05 PM
UK Safari Users can Sue Google Over Unwanted Browser Cookies
12:56 PM
TMO Daily Observations 2015-03-27: Tim Cook is the Top Leader, Leshi TV says Apple is Hitler
10:56 AM
Leshi TV CEO Says Apple is Hitler
9:29 AM
Apple Watch Compatible Apps are Already Arriving
8:55 AM
Numbers: Using the Quick Calculations Bar
Thu,9:20 PM
7 Things We Learned when Fortune Named Tim Cook World’s Greatest Leader
8:22 PM
How To Sell, Trade In, or Recycle Old Macs or PCs
7:35 PM
Apple’s App Store, iTunes, iBooks, Software Update Briefly Down for Some Users
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!