Prediction For Apple Stock: Analyst Gene Munster of Piper Jaffray is predicting good things for Apple Inc. (NASDAQ:AAPL) in the near future, despite the fact that others don’t exactly feel the same way.
According to a recent article by AppleInsider, Jaffray is optimistic about the future. More specifically, he is predicting that the company will actually surpass December quarter estimates.
“In a quarterly preview, analyst Gene Munster of Piper Jaffray predicts that Apple will surpass the firm’s earlier December quarter estimates by five million units based in part on “commentary from AT&T suggesting iPhone sales expanded slightly [year-over-year] and [from] Verizon that iPhone helped it reach record activations in December.” Munster estimates roughly 15 million iPhones could have been sold in the U.S., with a possible global sales range of 41 to 54 million units.”
What about the March 2013 quarter? How does Munster see things playing out in the months to come? Here is a brief excerpt from the same article:
“Munster also reduces the estimate for iPhones sales for the upcoming March 2013 quarter by five million to 38 million units. The firm expects that Apple’s forthcoming guidance will shed light on recent reports of component order cuts.”
Now that we have all of the Apple Inc. (NASDAQ:AAPL) iPhone talk out of the way, it is always nice to hear what Piper Jaffray has to say about the iPad lineup of tablets.
“Piper also expects Apple to announce 25 million iPad sales for the December quarter, with 20 million full-size iPads sold alongside five million iPad minis. Mac sales will likely see a drop of seven percent year-over-year, with Apple selling 4.8 million Macs over the last three months of 2012.”
This is all interesting information from Piper Jaffray, but we aren’t going to stop there. It is important to take a look at what Topeka Capital has to say.