Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Tankwatch -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (3630)	4/12/2011 9:50:23 AM
From: Road Walker	Respond to of 32692

Jefferies Sees Apple (AAPL) Releasing A New Cloud-Based Service and iTV 7:36 am ET 04/12/2011 - StreetInsider Jefferies is reiterating its Buy rating and $450 price target on shares of Apple (NASDAQ: AAPL) as it believes that the company is preparing to launch a new video-focused cloud-based service. The firm sees two strong secular growth themes with Apple as tablets and mobile touch devices take market share from PCs and as the company's new Super data centers arise and bring cloud-based services and media to the masses. Apple's data center in North Carolina has already went live or soon will be Jefferies believes. This comes due to the company's purchase of adjacent land at a high price which it cleared, and at the announcement ceremony for the facility, a mock-up showed two side-by-side data centers. The firm notes that depending on the success of the new service, Apple will build additional super centers around the U.S. and Europe. Jefferies comments that it doesn't know for sure like everyone doesn't know, but believes that Apple will be releasing a iTV type of device which will be released in 2012 or 2013. An analyst at Jefferies said, "We believe this service will allow Apple to maintain higher than expected ASPs for longer than we and the Street think. It is also likely to lead more people to buy Apple devices." After running a sensitivity analysis and factoring the new cloud-based service and iTV, Jefferies believes that Apple could experience FY12 sales of $150-$171 billion with an EPS of $32-$36. The company's sales would rise 50-70% from its 2011 levels. The firms current 2011 EPS and revenue estimates are $23.03 and $103 billion while its 2012 estimates are $28.02 and $133.9 billion. For more ratings news on Apple click here and for the rating history of Apple click here. Shares of Apple closed at $330.80 yesterday, with a 52 week range of $199.25-$364.90.