Analyst: Macs, iPhone, iPad Mean Strong Apple Q2 Figures

| Apple Stock Watch

AppleApple is set for a strong second quarter showing thanks to the popularity of its laptop, iPhone and iPad, according to UBS analyst Maynard Um. He expects the combination of the MacBook Air, the new MacBook Pro, the iPad refresh and strong iPhone sales will have Apple report strong numbers during this Wednesday’s quarterly earnings conference call.

“iPhone momentum continued in the quarter with the launch at Verizon and lower pricing for 3GS spurring demand,” Mr. Um said.

He added that the earlier than expected iPad 2 launch, along with demand continuing to outpace the supply, will add to the upside for the fiscal quarter. “Additionally,” he said, “an earlier than expected MacBook Pro refresh and continued Air momentum lead us to expect some upside to our 3.5 million Mac unit estimate.”

Despite the devastation from the earthquakes and tsunami in Japan, Mr. Um expects Apple will see little impact due to closed production facilities.

Looking forward, Mr. Um thinks the iPhone 5 is still on track despite rumors to the contrary and investor concerns. He also expects upcoming MacBook Air, iPod and iPad updates will continue to drive interest in Apple’s product lines.

Mr. Um is maintaining his “Buy” rating and US$465 target price for Apple’s stock. Apple is currently trading at $326.12, down 1.34 (-0.41%).

Apple will be hosting it second fiscal quarter earnings conference call after market closing on April 20. Be sure to check in with The Mac Observer for our event coverage.

Comments

prl53

So much for analysts projecting a strong quarter. AAPL is now down $6 after someone dumped a huge amount of stock around 9:30. There’s already been over 9m shares traded and we’ve barely started the day. I hate this excuse for the way to run the world. Apple is doing better than any other tech company and possible better than just about any company period yet investors keep playing with AAPL and the market in general to mess up everything (put as politely as I could).

Would Apple benefit by going private? I’ve been told all this money in the stock market doesn’t even get to Apple anyway so what’s the purpose??? Just to satisfy gamblers and greedy people?

Constable Odo

Apple is doing better than any other tech company and possible better than just about any company period yet investors keep playing with AAPL and the market in general to mess up everything (put as politely as I could).

So true. The Apple stock bulls will tell you not to worry because the manipulation can only last for so long.  They never say how long, though.  And every Apple share dip is a major buying opportunity.

Apple sure does look like it’s getting the crap knocked out of it over the past quarter.  Let’s wait and see if the Apple stock bulls know what the hell they’re talking about when it comes to Apple shares rising to $380 or so.

JDSoCal

Let?s wait and see if the Apple stock bulls know what the hell they?re talking about when it comes to Apple shares rising to $380 or so.

Dow got killed, Apple up $4. Get on the train before it is too late.

Tiger

From Computerworld: If you invested $1,000 each Microsoft’s and Apple’s stock on Jan. 3, 2000, what would you have ended up with in April 2011? Accounting for stock splits and, in Microsoft’s case, dividends, but excluding taxes and broker’s fees, you would have $2,072 from Microsoft stock and $13,294 from Apple stock.

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