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Technology Stocks : Apple Inc.

AAPL 277.24

-0.3%

3:59 PM EST

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16yearcycle

MGV

Zen Dollar Round

To: MGV who wrote (170667)	6/9/2014 3:30:52 PM
From: Moonray	3 Recommendations Read Replies (1) of 213174

UBS' Apple Analyst Milunovich Raises EPS Estimates UBS’s Apple analyst Steve Milunovich raised his split-adjusted fiscal 2015 EPS estimate by 5% to $7.22 and his fiscal 2016 estimate by 3% to $8.15. The three factors that went into the adjustment, besides the split, were increasing the contribution from the iPhone 6, adding the iWatch and decreasing iPad shipments. More at: forbes.com Always better when an analyst raises his/her earning's estimate than when a point target is raised. That $7.22 corresponds to $50.54 on a pre-split basis and $8.15 to $57.07. Were AAPL to trade at 15 times earning, its price would be $108.30 by September 2015 and $122.25 by September 2016. o~~~ O

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