The following article indicates that Apple will ship another
400,000 iMac's:
dailynews.yahoo.com
If we assume that there are 200,000 units have been delivered, then
Apple will sell 600,000 units in the current quarter if all are sold.
There is still 50% of volume to be sold in foreign countries after Sep. 5th.
Therefore, 600,000 units to be sold out in the current quarter should
be a conservative estimate. The profit will be over 100m from iMac
alone.
Well, the fundamental values, such as net, revenue, PE, SP are all
increased due to iMac's unexpectedly excellent sales. I think some
analysts will upgrade Apple prior to the Q4 report in the mid of
October.
HP's surprising quarter report released after bell today will bring entire
tech sector up again tomorrow. Besides, most of investors looking
forward to good earning reports from Dell in this week will also
boost the entire sector tomorrow.
I still stick my short-term price estimate on AAPL with 10% boost
from $40.5, equivalent to $44.5. However, the option expiration will
slow down its upward swing. If today's momentum continues, we'll be
able to overcome those barriers.
Phil
|
