He now believes that Apple Inc. (NASDAQ:AAPL) could easily sell 5 to 6 million units during this weekend’s opening sales push, which follows on a record 2 million preorders, recorded last weekend. He has boosted his previous estimates for this year, from 133 million units by 5 million, and now claims they may sell 138 million iPhone 5 units by the year’s end.
Next year looks even better for the Cupertino company, as Whitmore boosted his estimates by 10 million units. He says that Apple Inc. (NASDAQ:AAPL) will sell 180 million units during FY 2013.
Investment firm Piper Jaffray analyst Gene Munster Friday released a research report saying that the number of people queuing up to buy Apple iPhone 5 grew by 83% over the same period last year. He predicted Apple will sell 8 million iPhone 5 as of this weekend. The research firm reiterated its Overweithg rating on APPL stock, and set the target on APPL stock price at $910.
Research firm Crownwell, Wedon & Co.is very optimistic on the growth potential of Apple, and it raised the revenue and EPS estimates for Apple and raised the target on AAPL stock price from $770 to $840. AAPL stock price edged up 0.20%, or $1.39, to $700.09 with 20.41 million shares traded, higher than the daily average of 14.45 million shares. Apple has a market cap of $656.27 billion and a P/E multiple of 16.46. Sine the release of iPhone 5 on Wednesday last week, AAPL stock price has risen more than 4%.
Apple Inc. (NASDAQ:AAPL) shares are up +0.81% to $704.39 while the stock is traded within the range of $701.51 – $705.07 in the current trading session. In the last 12 months the shares have traded between $354.24 and $705.07. The current session’s volume of 7.01 million shares is lower than their average daily trading volume of 14.45 million shares.
The stock price volatility was 0.90% for a week and 1.45% for a month as well as price volatility’s Average True Range for 14 days was 10.82 and its beta remained 1.21.The liquidity measure in recent quarter results of the company was recorded 1.57 as current ratio and on the other side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.00. The Company had total cash at hand $27.65 billion and a book value per share as $119.22 in the most recent quarter.
AAPL generated revenue of 148.81 billion in the following twelve months and earned $40.13 billion. The Company showed a positive 26.97% in the net profit margin and as well as in its operating margin which remained 35.62%. Company’s annual sales growth for the past five year was 41.16%.
The stock showed weekly upbeat performance of +2.30% which was maintained for the month at +6.50%. Likewise the positive performance for the quarter was recorded as +21.47% and for the year was +70.26% while the YTD performance remained at +73.26%.
For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
apple stock
- China, Asian stock markets outlook 2013
- Reason why Apple shares prices down
- Apple iPhone market share prediction 2013
- material psychological impact for Apple investors
- why apple stock drop at at $500
- Apple will to offer a cheaper iPhone 2013
- Apple stock prices forecast 2016
- Apple stock rating prices target by Barclays
- Analyst why Apple share price down dec 5 2012
- Apple stocks prices will $1,000 per share
- Why Bob Iger Disney CEO buy apple stocks
- Apple Stock analysis november 20 2012
- Apple stock analysis november 19 2012
- Apple stock prices for september 25 2012
- Apple stock prices september 21 2012
- Best Apple iPhone 5 Supplier Stocks for long term
- Apple iPhone 5 debut september 21 2012
- Bofa Apple stock prices price target
- Apple stock prices september 18 2012
- Apple stock prices september 17 2012
- Will Apple Release iPhone 5 september 12 2012
- Analysis Apple stock prices for september 12 2012
- Apple stock prices september 10 2012
- how will Apple iPhone 5 Sales september 12 2012
No comments:
Post a Comment