BMO Capital Markets
How many Verizon iPhones will Apple sell next year?
December 9, 2010: 12:59 PM ETAnalysts are baking the new carrier into their 2011 estimates, but low-balling sales
On Wednesday, Stifel Nicolaus' Doug Reid raised his Apple (AAPL) target price to $390 per share (from $360) based in part on his "increased confidence" of a Verizon (VZ) launch in early 2011 (mid-February is his best guess).
On Thursday, Merrill Lynch's Scott Craig did the same, raising his target to $420 (from $415) for similar reasons. "We expect a Verizon iPhone to be introduced in early C2011," he wrote, "and we are now baking Verizon into our estimates."
So how many Verizon iPhones are they baking in? Surprisingly few.
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New HP CEO's to-do list
Leo Apotheker is barnstorming the world as he embarks on fixing the culture and focus of the huge technology company. One to-do stands out above all the rest.
Here's what new Hewlett-Packard CEO Leo Apotheker's to-do list might look like:
Move to Palo Alto
Increase investment in research and development
Build a "strong and viable" software businessThe first two tasks should be easy enough to cross off the list. MORE
Michal Lev-Ram, writer - Nov 29, 2010 2:45 PM ET
