Analysts Revise Apple Estimates After iPad Sales Hit Two Million

Analysts Revise Apple Estimates After iPad Sales Hit Two Million

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Analysts have hastily revised their estimates for Apple after the company announced it has already sold two million iPads.

This information comes via Philip Elmer-DeWitt of Fortune.

Piper Jaffray's Gene Munster
● iPad sales, calendar 2010: to 6.2 million units from 4.3 million.
● Fiscal 2010 revenue: to $58.327 billion from $57.222 billion
● Fiscal 2010 EPS: to $12.90 from $12.68
● Price target: $330 a share from $323

Barclays Capital's Ben Reitzes
● iPad sales, June quarter: to 2.8 million units from 1.5 million
● iPad sales, fiscal 2010: to 6.1 million from 3.45 million
● Fiscal 2010 revenue: to $61.6 billion from $60.1 billion
● Fiscal 2010 EPS: to $13.68 from $13.32
● Price target: $320 a share from $315

Kaufman Bros.' Shaw Wu
● iPad sales, June quarter: to 2.7 million units from 2 million
● iPad sales, calendar 2010: to 8 million from 6.3 million
● Fiscal 2010 revenue: to $59.3 billion from $58.7 billion
● Fiscal 2010 EPS: to $13.30 from $13.20
● Price target: $320 -- no change

Broadpoint Amtech's Brian Marshall
● iPad sales, June quarter: to 2.5 million units from 1 million
● iPad sales, calendar 2010: to 10 million from 6 million
● Calendar 2010 revenue: $63.5 billion from $62.6 billion
● Calendar 2010 EPS: to $15.35 from $14.50
● Price target: to $340 from $320.

UBS' Maynard Um
● Fiscal 2010 EPS: $13.41 from $13.22
● Price target: to $320 from $315.

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Analysts Revise Apple Estimates After iPad Sales Hit Two Million

tims0891 - June 1, 2010 at 2:36pm
Congrats on Apple selling 2 million iPads! After all, it is a product that they claimed would revolutionize the world as we know it! That is if we don\'t want to be able to customize it or schedule meetings or conduct business and display anything in flash or send files from point A to point B via bluetooth, or take pictures or have a video chat for business conference calls or expand the memory.... But, it can display books!! So, a glorified (color screen) Kindle? And at a bargain price!! Congrats!
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