3G iPhone Article

Discussion in 'iPhone' started by skittlez, Mar 5, 2008.

  1. skittlez macrumors member

    Joined:
    Feb 23, 2008
    #1
    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, Citigroup’s 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 iPhone’s 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 company’s 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
     
  2. Justinerator macrumors 6502

    Justinerator

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    Jun 26, 2007
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    Redondo Beach, CA

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