See the article below - talk about the stock price, as well as more rumors on Production starting on an Apple Television that is estimated to ship in Q4 - build estimates seem high. Basically sets Apple to be 1-2% of the LCD market with a Q4 ship - not impossible, but.....
JZ
Apple: Jefferies Ups Target to $699; Sees TV Being Built in June
- By Tiernan Ray
Following a recent trip to Asia, Jefferies & Co.’s Peter
Misek this morning reiterated a Buy rating on shares of
Apple (AAPL) and raised his price target to $699 from
$599, after raising his estimates based on faster iPhone production, but he also
writes that he believes production of the long-rumored Apple television
set is imminent.
“We believe specialty components have begun to ship to Apple’s Asia panel suppliers with polarized films, filters, and IGZO components starting to move in small quantities,” writes Misek, referring to the indium, gallium and zinc, or IGZO, display technology that has reportedly been developed as the latest and greatest by Sharp (6753).
“We expect commercial production in May/ June with 2M to 5M builds likely. We still expect a CQ4 launch,” he adds.
Misek also raised his iPhone estimate
“We believe specialty components have begun to ship to Apple’s Asia panel suppliers with polarized films, filters, and IGZO components starting to move in small quantities,” writes Misek, referring to the indium, gallium and zinc, or IGZO, display technology that has reportedly been developed as the latest and greatest by Sharp (6753).
“We expect commercial production in May/ June with 2M to 5M builds likely. We still expect a CQ4 launch,” he adds.
Misek also raised his iPhone estimate
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