Investing Opinion
Apple's Decade: How It Can Hit $500
Stock quotes in this article:AAPL
A report by OTR Global claims that Apple has contracted to product a UMTS/CDMA hybrid iPhone due in the third quarter of 2010 that will operate on all carriers. That means the end of iPhone/AT&T exclusivity domestically and it infers the end of international exclusive distribution deals as well. The research note also identifies the new phone as having a smaller screen than the current 3.5-inch display.
AT&T(T) has struggled to keep up with the networking data demands of iPhone users and as a result has kept many potential customers away from the product. The potential of Apple releasing the iPhone through Verizon(VZ) in 2010 is a big catalyst for this stock. My forecast is for Apple to sell an average of 14.8 million iPhones per quarter in 2011. This equates to a total of 59.2 million iPhone unit sales for the year or a 17.7% share of the expected 334 million unit/year smartphone market. See you at Apple $500. Now Read: Apple's Decade: In Position to Win>>> Apple's Decade: Innovation Kings>>> Apple's Decade: A Matter of Trust>>> Apple's Decade: Waiting for Tablet >>>TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 14.60 |
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