Analyst sees Apple selling 100 million iPhones and 40 million iPads this year
The analyst is expecting the company to earn $25 a share in fiscal 2011, well ahead of the consensus of analysts which adds up to $20.68 per share. The main reason for the high estimate is Huberty's prediction that Apple will sell 100 million iPhones and 40 million iPads in 2011. She recently made a visit to the Cupertino based manufacturer's supply chain and increased her sales figures from the previous estimate of 72 million iPhones and 30 million iPads. The older figures were already above the consensus sales estimates.
In her report, the analyst said, "In addition to upward revisions from the recent Verizon launch, our meetings highlighted long iPhone lead times in China given strong demand. iPad touch panels, the major bottleneck over the past several quarters and 10-15% of the iPad's bill of materials, are now produced at 90% manufacturing yields with potential cost benefits passed on to Apple this year."
For the company's Q1 2011 earnings, Huberty is looking for Apple to bring in nearly $24 million in revenue and earn $5.25 per share on sales of 15 million iPhones and 5.5 million iPads. She also noted that while most all product categories will show some upside for the year, the expanding gross margins on Apple's touchscreen handset and tablet will be the big reason for the jump in earnings per share this fiscal year.
2. applewow (unregistered)
Its possible.. but the slew of android phones that are coming out and 4g netowrks rolling out... i feel like there is more competition then ever for apple and the iphone. the ipad however, will see some competition but i feel like when the two comes out the price will drop on the one and most people who didnt want to pay for the first one at full price will buy the first gen model. so thats a possibility too.. if she were talking strictly u.s. id say shes nuts.. but who knows.. ever since the ipod apple has ruled, why not?
3. Fanboys Suck (Posts: 609; Member since: 12 Dec 2008)
@clevername- Yes, serious, you nut-job...
5. declan (unregistered)
How Much does it cost