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Thread: JP Morgan Hikes Apple's Q4 Revenue Estimate

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  1. #1
    MMi Staff Writer Michael Essany's Avatar
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    Default JP Morgan Hikes Apple's Q4 Revenue Estimate



    Just what Apple needs - more money. That's the thought on the minds of some Apple critics today, with the opposite reaction, of course, being true of die-hard Apple fans thrilled with the company's growing success and stature within the sphere of mobile gadgets now largely dominated by the Cuprtino titan.

    Today, J.P. Morgan hiked its revenue forecast for Apple's 4th quarter for 2010 (from $18.13 billion to $18.71 billion).
    The logic cited was the runaway success of the iPad and new iPhone 4, both of which continue to expand into new markets across the globe, each arriving with comparable media thunder and stirring sales success. As a result, JP Morgan once again reiterated its price target of Apple stock for $400 by the end of next year.

    J.P. Morgan analyst Mark Moskowitz commented on the estimate early Thursday, adding that these projections only take into consideration the "momentum" of sales of Apple's popular product lines and not the rumors (and likely subsequent sales bonanza) that would follow the iPhone's arrival on other carriers - a persistent rumor that has once again dominated headlines this week everywhere from the Wall Street Journal to Bloomberg.

    "We are skeptical, however, of the competition exhibiting a similar adoption curve as the iPadís," Moskowitz said, arguing that today's competition in the tablet marketplace won't be significant to slow Apple's growth in the foreseeable future. "In contrast to smartphones and the need for apps, we believe the content (movies and TV shows) is the key to tablet adoption, and here, Apple has the content."

    Wall Street Journal

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  3. #2
    iPhone? More like MyPhone madczech's Avatar
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    just the classical "early mover" advantage...
    Apple will always (or at least for the time being) be one step ahead of its competition
    I don't give a damn about Chuck Norris, Spongebob can grill under water!


  4. #3
    Green Apple
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    A non rumor?

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    My iPhone is a Part of Me Rob2G's Avatar
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    Quote Originally Posted by Carter454 View Post
    A non rumor?
    Jeeze, let it go. If you don't like it then don't go to http://www.modmyi.com

    It looks like steve's transplant has been payed for.

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    The Basketball Guru punjabi212's Avatar
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    My bro is a analyst for J.P. Morgan and I will be too in a couple years.

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    iPhone? More like MyPhone maddawg05's Avatar
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    ^and.......

  9. #7
    The Basketball Guru punjabi212's Avatar
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    Just thought i'd share. Got beef?!

  10. #8
    Livin the iPhone Life Poseidon79's Avatar
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    I should stop buying Apple products with all my extra money and start buying stock instead... probly won't ever happen.
    [SIGPIC][/SIGPIC]

  11. #9
    Green Apple
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    Who cares what Poseidon says

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  13. #10
    iPhone? More like MyPhone sinister's Avatar
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    Heh I'd be careful he will smite you and ban you from the existence of modmyi

  14. #11
    Green Apple
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    Ban me. I dare you

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    Livin the iPhone Life
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    So how does Apple's projected earnings benefit us? New and innovative products with functioning antenna designs perhaps?

  16. #13
    My iPhone is a Part of Me Rob2G's Avatar
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    Quote Originally Posted by sinister View Post
    Heh I'd be careful he will smite you and ban you from the existence of modmyi
    I hope he does get banned. All he does is complain about the topics.

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  18. #14
    My iPhone is a Part of Me EskimoRuler's Avatar
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    Well businesses are in it to make money, and apple is very good at it
    You don't like the iPad because you don't have one!

  19. #15
    Green Apple
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    Hahahahahahaha. He got banned. ON a different note, JP Morgan is absolutely correct. There might be a tablet with better specs than the iPad but iPad's will sell more BECAUSE of content. iTunes & the AppStore are the reason the iPad is so good. Yes it has good specs, but even if it wasn't the best, people want to syn their music to their iDevices and they want the appstore. I know many people with android phones and they all have iPods and/or iPads

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    Undisputed Theme Champ AnthonyGiola's Avatar
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    LOL!!!!! THAT NOOB GOT BANNED!!! Nice job poseidon!

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