Thursday, January 5, 2012

Morgan Keegan analysts cut their target price to $ 513 Apple

Morgan genes recently collected data shows that in December last year and Mac sales Apple iPad slightly lower than expected, but iPhone sales increased slightly. MACAT estimated that up to December last year, a quarter, iPad sales of 13 million units, down from the previous quarter of 16 million units, compared iPhone sales forecast to increase by the 27 million to 29 million. Mac sales are estimated at 4.8 million units, slightly lower than the previous estimate of 4.9 million units.

MACAT said, ?We will adjust the price target for each quarter, we are based in mid-April last year, Apple provides a variety of data points since the guidelines, earnings per share estimates on Apple (EPS) for the adjustment in December until a quarter, earnings per share estimates by the apples fell $ 10.24 to $ 10.10 $. For fiscal year 2012 estimates Apple?s earnings per share, down from $ 33.76 to $ 33.32. ?

Apple sales for the year 2012, MACAT maintain its previous forecast that up to 102 million iPhone sales, Mac sales of more than 18 million units. However, he estimated the iPad sales by 54 million men raised to 49 million. And Apple?s average selling price in 2012 (ASP) will be reduced overall, mostly because people expect euro will be weaked.

MACAT estimates, on Apple to revenue in the December quarter, iPhone accounted for 47.5%, higher than the previous quarter?s 38.8% and 39.1% a year ago. Mac accounting for 15.8%, lower than the 22.2% the previous quarter and 20.3% a year ago. iPad accounted for 21.3%, lower than the previous quarter?s 24.3%, but 17.2% higher than a year ago. He also estimated that the holiday season, the Amazon Kindle Fire 4-500 million units sold, the most likely to reduce sales of iPad 1-200 million.

MACAT in a research report that the upgrade will be successful with the iPad, iPhone 4S Apple sales this fiscal year as determinants of growth, expecting Apple in 2012 fiscal year will continue to show strong growth momentum. IPhone5 this fall is expected to become Apple?s major revenue and profit growth. if Apple TV come into market within the year, it will also constitute a disruptive impact on existing TV mode. Compared with the 2011 fiscal year, March / June Apple?s annual growth will face the challenge.

Apple shares rose $ 4.16 to $ 409.16, or 1%.

Christina Zihui a professianl writer from aircoolerchina.com , it provides the high quality products, such as Evaporative Air Cooler, Ionic Humidifier Manufacturer, and many more.

Source: http://storiesbusiness.com/business/internet-marketing/morgan-keegan-analysts-cut-their-target-price-to-513-apple

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