Monday, October 8, 2007

Yared likes Apple at $225

Georges Yared has been a king among bulls in this market, and his recognition of the best of breed has been flawless. Today, he says AAPL is heading to 225.

Yared: Apple to Hit $225?

Fiscal year September 30, 2008 consensus calls for revenues of $29.7 billion and earnings per share at $4.48. I believe both numbers are going higher as Apple is in the midst of a major product upgrade cycle with the iPod and the Mac, and of course, the iPhone is just getting started. The iPhone unit sales will be the pleasant news as Apple recently upped production for calander 2007 from 3.6 million units to a minimum of 4.8 million units. The number was announced before any European or Asian deals have been struck.