Piper Jaffray's estimate of 20% looks bullish by comparison. It looks crazy to us.
Gene Munster, Piper Jaffray's longtime Apple (AAPL) analyst, issued his estimates for calendar 2013 on Wednesday. The highlights:
Revenues of $164 billion (8% higher than The Street)
Earnings of $40.50 per share (10% higher)
Revenue growth slowing from 82% the June 2011 quarter to 20% in 2013.
The consensus among investors he polled was that growth would slow even more dramatically MORE
A lot of room to grow, says one. The beginning of the end, says the other.
Few analysts have championed Apple (AAPL) as long or as loyally as Piper Jaffray's Gene Munster, who stuck his neck way out ahead of the pack with his early iPhone sales predictions.
Few analysts are more deeply reviled by Apple investors than JMP Securities' Alex Gauna, who has made quite a name for himself as an MOREPhilip Elmer-DeWitt - Aug 26, 2011 5:54 AM ET
On first day of the Tim Cook era, Apple's shares actually outperformed the market
Talk about a well-executed departure.
It was only four years ago that Piper Jaffray's Gene Munster told Bloomberg News that Steve Jobs' departure would be a "disaster" that could shave 25% off Apple's (AAPL) market cap.
Fast-forward to Wednesday. Jobs submits his resignation, the market digests the news overnight, and on Thursday Apple loses 0.65% -- which on a MOREPhilip Elmer-DeWitt - Aug 25, 2011 5:18 PM ET
Finds high pent up demand for iPhone 5 among Verizon subscribers and Android owners
It's only a tiny sample, so large conclusions must not be drawn. But the survey results reported in Gene Munster's note to Piper Jaffray clients Monday suggest that the pent-up demand for Apple's (AAPL) next iPhone could be even stronger than suspected.
In a survey of 216 mobile phone users conducted one recent week in Minneapolis ( in "food MOREPhilip Elmer-DeWitt - Aug 1, 2011 8:14 AM ET
A sampling of reactions to Apple's (AAPL) profits growing 125% year over year
IDC's Al Hilwa: "Apple's growth in the third quarter was simply jaw-dropping. In 20 years of following tech I have seen very few companies in the $90 to $100 billion run-rate and none that have produced 80% organic quarterly growth. The success of the iPad truly crystallizes the point that we are living in an era of rapid MOREPhilip Elmer-DeWitt - Jul 20, 2011 5:46 AM ET
A big Q3 is a given. Just look at what the stock has done lately. But the devil is in the details
The Street has fallen back in love with Apple (AAPL). "Get ready for the return of the wow factor," J.P. Morgan's Mark Moskowitz told clients last week just before the stock put the finishing touches on a 28-day, $58.48 (18.5%) run that took it to $373.80 Monday afternoon, an MOREPhilip Elmer-DeWitt - Jul 19, 2011 7:48 AM ET
The appetite for cool software is increasing, and customers are willing to pay more for it
Apple's (AAPL) business model is increasingly dependent on the health of its App Store, the rich breeding ground of the company's software ecosystem, and a report to clients issued Monday by Piper Jaffray's Gene Munster suggests that the ecosystem's vital signs are good.
Apple only releases data about the App Store when it serves its interest MOREPhilip Elmer-DeWitt - Jul 11, 2011 6:42 AM ET
Piper Jaffray's Gene Munster believes an iOS television will succeed Apple TV in 2012
In the wake of a dubious prediction published Wednesday (DailyTech: Apple to Enter TV Display Business Late This Year) and its dismantling (TechCrunch: That Apple Television Is Coming This August Alongside The iPhone Nano (And Santa)) Gene Munster could hardly be expected to hold his tongue.
No one has championed the idea of an Apple-branded TV set (as opposed MOREPhilip Elmer-DeWitt - Jun 23, 2011 10:57 AM ET
The sell-side analysts liked the show. The market, not so much.
With one exception (ahem, J.M.P.'s Alex Gauna), the analysts who follow Apple (AAPL) seemed to understand what the traders who drove Apple's shares down Monday $5.40 (1.57%) to $338.04 did not: The hundreds of improvements in its software ecosystem -- big and small -- that Apple announced Monday could, in the long run, sell more devices, convert more customers, and make MOREPhilip Elmer-DeWitt - Jun 7, 2011 8:18 AM ET
Piper Jaffray offers 3 reasons investors are nervous and 3 reasons they shouldn't be
In a note to clients issued Wednesday morning, Piper Jaffray's Gene Munster takes a crack at the question Apple (AAPL) investors have been asking since January: Why, despite one record quarter after another, is the stock going nowhere?
The three reasons he offers will surprise no one who has been following this blog: (I quote)
The stock is already MOREPhilip Elmer-DeWitt - May 25, 2011 7:39 AM ET
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