Piper Jaffray analyst Gene Munster issued Apple estimates for 2013 today, reports FORTUNE.
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 in 2013, to 10%
Fortune notes that the average revenue growth for Apple over the past 55 years is 61% and asks "what these investors are thinking?".
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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 in 2013, to 10%
Fortune notes that the average revenue growth for Apple over the past 55 years is 61% and asks "what these investors are thinking?".
Read More