China Could Add $8 in Apple (AAPL) EPS by 2015
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Price: $167.04 -0.57%
Rating Summary:
39 Buy, 25 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 3 | New: 5
Rating Summary:
39 Buy, 25 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 3 | New: 5
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Apple (Nasdaq: AAPL) investors learned last quarter that China would represent the iPhone giant's next leg of growth. Now analysts are saying it will likely be the company's biggest market for the phone in a short amount of time.
Analysts at Bernstein believe that by 2015 Apple could sell 31 million iPhones per year in China and this could rise to approx. 80 million by 2017. This would equal an $8 per share EPS increase by 2015 and $12.50 by 2017.
Growth in the populous country will be led by rising income, smartphone penetration, and the company's partnership with China Mobile (NYSE: CHL).
A threat in China that Apple needs to address is the high adoption of low-end smartphones. Apple needs to offer a low-end model over the near-term to secure first-time smartphone buyers, the firm said.
The firm maintained their Outperform rating and price target of $750.00.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $571.72 yesterday.
Analysts at Bernstein believe that by 2015 Apple could sell 31 million iPhones per year in China and this could rise to approx. 80 million by 2017. This would equal an $8 per share EPS increase by 2015 and $12.50 by 2017.
Growth in the populous country will be led by rising income, smartphone penetration, and the company's partnership with China Mobile (NYSE: CHL).
A threat in China that Apple needs to address is the high adoption of low-end smartphones. Apple needs to offer a low-end model over the near-term to secure first-time smartphone buyers, the firm said.
The firm maintained their Outperform rating and price target of $750.00.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $571.72 yesterday.
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