“He lifted his Mac unit forecast for the September 2010 fiscal year to 12.7 million units, from 12.3 million. For 2011, he now sees 14.9 million units, up from 13.8 million,” Savitz reports. “For iPads, he maintains his FY 2010 forecast of 2.5 million units. For 2011, he now sees 7.2 million units, up from 5 million.”
MacDailyNews Take: His iPad forecasts are laughably, ridiculously low. When analysts have no clue, they get overly cautious on forecasts. Bachman seems to have less of a clue about iPad’s prospects than most.
Savitz reports, “He also lifted his price target on the shares to $265, from $250, while keeping his Outperform rating.”
Full article here.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]
Give me a break. We could hit 265 before summer.
I am going to go out on a limb and say that his Mac units sales are off by about a 1 million this year and 2 next year. MDN is right though, those iPad numbers are silly low, silly I say.
Bachman’s iPad forecasts are less than comparable period iPhone launch results. This in the face of iPad interest(likely to buy) that ranges from 30% to 50% higher than initial iPhone interest.
He had to push up has target since AAPL is only a few dollars sort of that already. AAPL could hit his new target before the end of April. LOL!
I like Apple’s plan, I like it a lot. I actually like it more than ours…
How bold! Isn’t that only 14.7% higher than today’s high of $230.97
AAPL may hit that next quarter or after everyone see the lines around the building for every release of the iPad. How about after they find out what Apple is doing with that new BILLION DOLLAR SERVER FARM! Or after Steve Jobs says, “Just one more thing” again.
How bold! Clueless idiot!
Did Keith Bachman even think about Apple’s 30% of the eBook sales at the iTunes Store?