JP Morgan Hikes Apple's Q4 Revenue Estimate

[Michael Essany]

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 iPad’s," 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

[madczech]

just the classical "early mover" advantage...
Apple will always (or at least for the time being) be one step ahead of its competition

[Carter454]

A non rumor?

[Rob2G]

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.

[punjabi212]

My bro is a analyst for J.P. Morgan and I will be too in a couple years.

[maddawg05]

^and.......

[punjabi212]

Just thought i'd share. Got beef?!

[Poseidon79]

I should stop buying Apple products with all my extra money and start buying stock instead... probly won't ever happen.

[Carter454]

Who cares what Poseidon says

[sinister]

Heh I'd be careful he will smite you and ban you from the existence of modmyi

[Carter454]

Ban me. I dare you

[RICO_]

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

[Rob2G]

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.

[EskimoRuler]

Well businesses are in it to make money, and apple is very good at it

[leathelisor]

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

[AnthonyGiola]

LOL!!!!! THAT NOOB GOT BANNED!!! Nice job poseidon!