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My New Target Price For Apple: $750 Seeking Alpha

-- expats
Forum Post
01/31/12 06:02
William

My New Target Price For Apple: $750 Seeking Alpha

Thank author of this post/commentApple ( AAPL ) reported blowout earnings on Tuesday after hours. The last quarter EPS of $13.87 was 35% higher than the consensus estimate of $10.08. Its revenue of $46.33 billion was almost double that of the previous quarter. That was one heck of a quarter for Apple. Even the management was not expecting such strong results. The management was projecting to generate $37 billion in revenues and an EPS of $9.30 for FQ1.

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