When it comes to estimates of Apple's future success, it seems no number is now high enough.
At least, that's the take-home from the latest crunching of figures by Piper Jaffray analyst Gene Munster.
He's predicting in FY 2013, Apple will have revenues of around $164 billion, selling well over 200 million iOS devices. Earning per share are estimated at $140 compared to $81 for the current quarter.
His estimate is 8 percent higher than current consensus about Apple's sales expectations, and 10 percent higher with respect to EPS.
For it to happen, Apple's annual revenues would have to increase 19 percent in 2012 and a further 17 percent in 2013.
Apple's turnover in FY 2010 was $65.2 billion.
Up, up and away
Digging into Munster's model, it assumes 49 percent of Apples revenue will come from iPhone, with 30 percent growth in revenue in 2012, and 29 percent growth in 2013.
The average selling price of the iPhone will lower from $603 in 2012 to $565 in 2013.
"One key topic on which we are different than consensus thinking is our belief that the iPhone unit growth can continue in the 30% range while ASPs will be more than double the smartphone industry average," Munster wrote.
"In other words, we do not believe Apple needs an ultra low end offering to grow iPhone units at 30%. If Apple was to announce an unsubsidised, sub-$200 iPhone, our unit estimates would be too low and ASPs would be too high."
Padding up
It's assumed iPad will represent 21 percent of revenue, selling around 68 million units in 2013. Munster anticipates iPad sales to rise 39 percent in 2012, and 35 percent in 2013.
The average selling price will purportedly drop from $575 to $555.
Piper Jaffray's 12-month price target for the stock is now $607. It's currently trading at around $380.
[source: Apple Insider]
News
When Matt was 7 years old he didn't write to Santa like the other little boys and girls. He wrote to Mario. When the rotund plumber replied, Matt's dedication to a life of gaming was established. Like an otaku David Carradine, he wandered the planet until becoming a writer at Pocket Gamer.
Top Stories
News
11 hours, 55 minutes ago
Nintendo releases first official statement on "the successor to Nintendo Switch"
News
12 hours, 24 minutes ago
Microsoft closes Mighty Doom dev Alpha Dog, Arkane Austin, Tango Gameworks and more
News
12 hours, 40 minutes ago
Nintendo made $10.8 billion in FY24 with mobile and IP income up 81.6%
Feature
May 7th, 2024
Mobile Mavens: The industry has its say on Squad Busters ability to draw in “untapped audiences” with its “influence from a range of genres”
Feature
May 7th, 2024
Hot Five: Supercell’s Squad Busters supremacy, Brawl Stars bounces back, and a games industry journey at King
Feature
May 7th, 2024
April 2024 mobile game charts: Call of Duty: Warzone Mobile loses launch momentum and Brawl Stars’ astronomical rise
Events
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
WN Conference Istanbul 2024 | Jun 11th | |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Develop: Brighton 2024 | Europe | Jul 9th |
Mobidictum Meetup Barcelona September 2024 | Europe | Sep 1st |
Pocket Gamer Connects Helsinki 2024 | Nordic | Oct 1st |