Apple (AAPL) Ready to Set New Sales and Stock Price Records?
Right now Apple (NASDAQ:AAPL) is trading at an all time high of $275, and rising. This is most likely a reflection of the market’s view of the news of the iPhone 4 sell out across the globe, and confirmation today that Apple has sold another million iPads in the last three weeks. In total Apple has sold at least 600,000 iPhone 4s in recent days, and 3 Million iPads in the last 80 days.
Deutsche Bank’s Chris Whitmore has raised his target for AAPL to $375. Most likely this revision is based on Andy Zaky’s, estimates of just how healthy Apple’s next quarterly revenue report is going to look.
Andy thinks that Apple will beat market expectations by 1 Billion Dollars!
He had this to say:
I’m looking for Apple to report earnings of $3.78 on $15.371 billion in revenue versus the consensus of $2.98 in EPS on $14.730 billion in revenue.
And for those that want the nitty gritty this is just how much Zaky estimates Apple are making, and where:
Some pretty stunning figures!
When would you bet that Apple’s stock will cross the $300 barrier? Let us know in the comments.[bullcross]