Analyst: Apple to Sell Over 76 Million iPhones in 2011

| Apple Stock Watch

Susquehanna analyst Jeff Fidacaro doesn’t see interest in Apple’s iPhone dipping any time soon, and with the new Verizon version of the combination iPod and smartphone only days away, he expects sales to hit 76.7 million units in fiscal 2011.

Mr. Fidacaro’s 76.7 million unit estimate is up from his earlier 70.5 million unit prediction. For Apple’s March quarter, he is predicting 19.8 million iPhones will ship, up from his earlier 17.7 million estimate.

iPad sales for fiscal 2011 will hit 31.1 million, up from 27.3 million,m according to Mr. Fidacaro’s parts checks. For the March quarter, he expects Apple will ship 2 million first generation iPads, and between 4.7 and 5.1 million second generation iPads.

For Apple’s June quarter, he expects Apple will sell about 8.5 million iPads.

Apple’s second generation iPad is expected to be available some time in April, although the company hasn’t confirmed those rumors. Analysts expect the iPad 2 will be thinner with longer battery life, will include front and rear-facing cameras along with a built-in SD camera card reader, and may include GSM and CDMA 3G wireless data access support in a single model.

Mr. Fidacaro is raising his target price for Apple’s stock from US$375 up to $450. Apple is currently trading at $351.57, up 5.07 (1.46%).

[Thanks to Fortune for the heads up.]

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Comments

Constable Odo

That’s an awful lot of iPads.  What type of computers are these iPads replacing?  Or are these iPads going to be used for completely different uses from standard computers?

jfbiii

They’re probably not “replacing” many computers at all. They’re probably complimenting existing machines and pushing their replacement into the future.

I see SJs medical leave is continuing to depress the stock price. Not.

Given the ecosystem of iOS devices is currently estimated at about 160?170 million (if I remember correctly), 100+ million in 2011 is a huge number.

mhikl

There are mainframes, there are microcomputers (pc’s) and there is the iPad. It’s a Brave New World in a universe of hope and glory.

paikinho

Wait a minute! I thought that apple is doomed. Aren’t they irretrievably lost and going to fail? Don’t folks just hate their products because people just don’t like how apple has made their products with one “standard”.

I bet soon developers will be leaping off of this sinking ship!

mhikl

Wait a minute! I thought that apple is doomed.

I’m not worried, paikinho. Bosco will be round shortly to set us straight.

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