Analyst Sees Apple's (AAPL) iPhone Growing Nearly 100% in 2011
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Rating Summary:
46 Buy, 27 Hold, 8 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
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Analyst Brian Blair of Wedge Partners sees Apple Inc. (NASDAQ: AAPL) planning to produce 100 million iPhone and 48 million iPads in 2011, a nearly 100 percent growth over 2010.
Blair comes to this staggering prediction after checks with Apple's supply chain.
According to the company, it sol 39.9 million iPhone and 7.4 million iPads in fiscal 2010. The company is rumored to be preparing the long awaited CDMA version of the iPhone for release on Verizon (NYSE: VZ).
Blair sees the significant growth of the iPad coming from a next generation version rumored to be coming in the first quarter of CY11.
"We additionally see meaningful opportunity for Apple in its Mac line, particularly with the company’s new $999 11 inch screen MacBook Air, which our checks show to be selling higher than expected units both online and in Apple Stores,” wrote Blair.
Blair's estimate is well past the Street's consensus, as Oppenheimer analyst Yair Reiner sees Apple selling 52 million iPhones and 23 million iPads and Needham & Company analyst Charlie Wolf predicted Apple will ship just 18 million iPads in 2011.
Blair comes to this staggering prediction after checks with Apple's supply chain.
According to the company, it sol 39.9 million iPhone and 7.4 million iPads in fiscal 2010. The company is rumored to be preparing the long awaited CDMA version of the iPhone for release on Verizon (NYSE: VZ).
Blair sees the significant growth of the iPad coming from a next generation version rumored to be coming in the first quarter of CY11.
"We additionally see meaningful opportunity for Apple in its Mac line, particularly with the company’s new $999 11 inch screen MacBook Air, which our checks show to be selling higher than expected units both online and in Apple Stores,” wrote Blair.
Blair's estimate is well past the Street's consensus, as Oppenheimer analyst Yair Reiner sees Apple selling 52 million iPhones and 23 million iPads and Needham & Company analyst Charlie Wolf predicted Apple will ship just 18 million iPads in 2011.
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