What Apple (AAPL) Will Do in 2011
TheStreet.com (Nasdaq: TSCM) is out with a 2011 preview of what to expected from Apple, Inc. (Nasdaq: AAPL).
Apple is one of the more controversial companies out there, with their innovative devices, rocketing stock price, and hoard of cash. Analysts love making predictions about the stocks movement, and on that note, here is a summary of what TheStreet believes you should expect from Apple in 2011:
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Apple is one of the more controversial companies out there, with their innovative devices, rocketing stock price, and hoard of cash. Analysts love making predictions about the stocks movement, and on that note, here is a summary of what TheStreet believes you should expect from Apple in 2011:
- Verizon iPhone. Canaccord Genuity expects that the iPhone will debut for Verizon in February sometime, according to their checks. Edward Jones is expecting a later push, but agrees that it should be out "by summer."
- iPad V.2.0. The next version may include a front-facing camera and
thinner profile, among other upgrades (available in white?).
Additionally, a drop in the entry price is expected. Consumers will be able to utilize more of the Facetime app, which may promote more sales in turn as gifts are given and suggestions to get an iPad are made.
Canaccord thinks that they will sell 14 million iPads in FY10, and 27 million in FY11.
- iPhone V.5.0. Beside all of the other upgrades you'd expect (weight, speed, size, battery life, white?), one analyst is looking for better GPS positioning as well as stronger voice recognition. Another speculates that the next-gen iPhone would include Qualcomm's (Nasdaq: QCOM) World Phone chip, enabling GSM and CDMA network access worldwide.
Another analyst believes that Apple will make a harder push into the enterprise market, and potentially offer a lower-priced phone for emerging markets (though Jobs pulled-back a little when the question of a $100 iPhone was put to him on their Q410 conference call).
- Stock Price. Speculation of higher share prices is no real news to Apple investor, who nary make a flich when a new 'Street high' price target is set in stone. Pacific Crest is looking for $355, ThinkEquity at $375, and Peridot Capitol puts the bar at $400, among others. Some expect Apple's performance going forward to be less spectacular then in 2010, noting that the price level may be to high of an entry for some, and a mental block for others.
Also, what to do with all of the cash? All $51 billion of it? Steve Jobs touts Apple's discipline towards their cash, and would like to save it for one or more unique opportunities in the future.
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