Caris & Co. Raises Estimates for Apple EPS, Mac and iPhone Sales
May 5th, 2008 at 3:00 PM - Apple Stock Watch by John Martellaro
Shebly Seyrafi with Caris & Co. raised his EPS estimates for Apple (AAPL) on Tuesday based in upwardly revised estimates for Macintosh and iPhone sales in 2008 and 2009.
Mr. Seyrafi raised his FY08 estimate of Mac sales from 9.6 million to 10 million. For 2009, his number was raised from 12 to 12.9 million.
For the iPhone, his estimate of iPhones sales in FY08 year was raised from 10 million to 10.2 million and in 2009 from 16.6 to 17.9 million.
In FY08 Earnings per Share (EPS), Mr. Seyrafi revised his estimate from US$5.21 up to $5.35. For FY09, from $5.79 to $6.32.
The analyst raised his target price from US$175 to $200 and maintained his Above Average Rating. In early afternoon trading, AAPL is at $185.80, + $1.07
<!--#include virtual="/includes/newsite/series/stockwatch.shtml"-->
Recent Headlines - Updated February 10th
- Tue, 9:09 PM
- Games - Gameloft’s GT Racing Motor Academy Arrives at App Store
- 6:27 PM
- iPad - Apple Job Posting Hints at a Camera in Future iPads
- 6:22 PM
- Product News - Apple Releases Digital Camera RAW Compatibility Update 3.0
- 6:18 PM
- Product News - Apple Updates iLife ‘09 with Aperture 3 Support, Slideshow Performance
- 4:53 PM
- News - Google Introduces “Buzz” Social Information Sharing Service
- 4:19 PM
- Just a Thought - iPad: A Reason For Being
- 3:28 PM
- News - Google Lowers Nexus One “Equipment Recovery Fee” to $150
- 2:27 PM
- Deal Brothers - Refurbished 13” MacBook 2.13GHz Intel Core 2 Duo: $749
- 1:31 PM
- Jeff Gamet's Blog - Macworld Expo: It’s Our Show, Not Apple’s
- 10:38 AM
- Quick Look Review - Texas Tea for the iPhone and iPod touch
- 10:25 AM
- News - Apple Rolls Out Aperture 3 Video Tutorials
- 10:00 AM
- Hot Forum Topic - Backing Up Your iPhoto Library
The Mac Observer Reader Specials
- TypeStyler For Mac OS X is Now Shipping! Download The Free Fully Functional 60 Day Tryout at www.typestyler.com
RamJet Memory: Mac Pro 8GB Kit $275.99, Mac Pro 4GB Kits $145.99! Sale on MacBook and MacBook Pro 8GB kits $459.99! MacBook, MacBook Pro, iMac Mac mini 4GB Kits for $113.99! 1TB SATA Hard Drives for $109.99! Click here- If you own a car, you need CarMD! Catch problems, estimate repairs and more. Now for Mac. $98.99 at www.CarMD.com Save $10 with code TMO1.
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!For 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.
J&R ComputerWorld’s Weekend Sale - Sitewide Unbelievable Deals
Refurbished 13” MacBook Air 1.86GHz Intel Core 2 Duo: $1249.00 Delivered
Refurbished iMac 24-inch 2.93GHz Intel Core 2 Duo: $1279.00 Delivered
