RBC Capital Markets predicting strong Mac sales
Posted by Dennis Sellers 
Oct 19, 2007 at 10:10am
RBC Capital Markets raised its price target on Apple from US$S175 to $205, saying it expects a stronger back-to-school season for the company’s Macs, reports Reuters.
The brokerage, which reiterated its “outperform” rating on the stock, expects Apple to report fourth-quarter revenue at $6.4 billion, above Wall Street estimates of $5.7 billion. RBC raised its earnings-per-share estimate to $4.79 from its prior view of $4.42 for fiscal 2008 and to $6.00 from $5.62 for fiscal 2009.
Shares of the company were trading up 57 cents at $174.06 in early electronic trade, after closing at $173.50 Thursday on the Nasdaq.
Submissions are being taken for the “Macsimum Macworld San Francisco 2008 Coupon Book.” For details email Dennis at daseller@earthlink.net
Article Information
Comment on this Article Print this Article Email this Article Digg This
Contributor
Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 4,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
