I found this article. Thought maybe a few would find it interesting =]
The arrival of a 3G Apple (AAPL) iPhone could be drawing near.
In a research note today following a series of meetings with Taiwanese electronics companies, Citigroups Richard Gardner says several sources confirmed the introduction of a new 3G iPhone in calendar Q2. He says that iPhone and iPod units may disappoint again in the March quarter, but says that should be offset by solid PC momentum and sharp declines in DRAM and NAND pricing. He advises buying the stock on weakness ahead of the 3G iPhones arrival.
Meanwhile, Caris & Co.s Shebly Seyrafi cut his price target on Apple to $155 from $165, while maintaining his Above Average rating on the stock. He also cut estimates on FY 08 and 09 to reflect lower iPhone and iPod estimates.
For the iPhone, he now sees 8.9 million units in FY 08 and 16.2 million in 09, down from 11.7 million and 22.3 million. For calendar 08, he sees 10.6 million, a bit above the companys 10 million unit target. For the March quarter, he sees 1.8 million iPhones, down from 2.4 million before.
For the iPod, he now sees 52.1 million in FY 08 and 57.3 million in FY 09, down from his previous estimates of 54.6 million and 61.2 million.
For the Mac, his March quarter estimate remains 2.14 million units.
Seyrafi now sees EPS of $5.23 in FY 08 and $5.95 in 09, down from $5.54 and $6.26.
Apple today is up $1.45, or 1.2%, at $123.18.
Source: http://blogs.barrons.com/techtrader...2-intro-for-3g-iphone/?mod=googlenews_barrons
The arrival of a 3G Apple (AAPL) iPhone could be drawing near.
In a research note today following a series of meetings with Taiwanese electronics companies, Citigroups Richard Gardner says several sources confirmed the introduction of a new 3G iPhone in calendar Q2. He says that iPhone and iPod units may disappoint again in the March quarter, but says that should be offset by solid PC momentum and sharp declines in DRAM and NAND pricing. He advises buying the stock on weakness ahead of the 3G iPhones arrival.
Meanwhile, Caris & Co.s Shebly Seyrafi cut his price target on Apple to $155 from $165, while maintaining his Above Average rating on the stock. He also cut estimates on FY 08 and 09 to reflect lower iPhone and iPod estimates.
For the iPhone, he now sees 8.9 million units in FY 08 and 16.2 million in 09, down from 11.7 million and 22.3 million. For calendar 08, he sees 10.6 million, a bit above the companys 10 million unit target. For the March quarter, he sees 1.8 million iPhones, down from 2.4 million before.
For the iPod, he now sees 52.1 million in FY 08 and 57.3 million in FY 09, down from his previous estimates of 54.6 million and 61.2 million.
For the Mac, his March quarter estimate remains 2.14 million units.
Seyrafi now sees EPS of $5.23 in FY 08 and $5.95 in 09, down from $5.54 and $6.26.
Apple today is up $1.45, or 1.2%, at $123.18.
Source: http://blogs.barrons.com/techtrader...2-intro-for-3g-iphone/?mod=googlenews_barrons
