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Credit Suisse has raised their Apple target from US$275 to $300, reiterated its Outperform rating and calling for a Monster quarter. According to "StreetInsider" (http://macosg.me/2/17), in a note to clients, the firm made these points:
° Apple's March quarter revenue and EPS (earnings per share) should be $12.26 billion and $2.57 billion, respectively.
° On a calendar basis, Credit Suisse expects respective revenues and EPS of $59.43 billion and $13.23 for 2010. For fiscal 2011, the firm is now looking for respective revenues and EPS of $65.34 billion and $14.55. For calendar 2011, they are now expecting revenues and EPS of $66.32 billion and $14.72, respectively.
° Apple will sell 1.08 million iPads in the June quarter, 4.81 for calendar year 2010 and 8.73 for calendar year 2011.
° In calendar year 2010, Apple will ship 7.41 million iPhones, and 52.36 million in calendar year 2011.
° Apple will move 11 million units in the March quarter.
° Mac estimates were already optimistic, so Credit Suisse is only making modest revisions today. Recent data from NPD suggest that Mac units grew by 38.3% in the U.S. retail segment for the first two months of the year.
