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UBS Sees Apple Inc. Shipping 24M Watches In FY15, 40M In FY16
by Paul Quintaro4 days ago
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UBS's Steven Milunovich Tuesday offered up some unit forecasts for Apple Inc.'s (NASDAQ: AAPL) new Watch and also for the iPhone.


Milunovich set his initial FY15 shipment target for the Watch at 24 million units; his FY16 estimate is a jaw-dropping nearly 67 percent higher at 40 million units. The UBS analyst's sales figures for the Watch account for about one third of his FY15 sales estimate for Apple as a whole.

Also in the note, Milunovich said total iPhone shipments could hit the 100 million unit level during the second half of 2014.

The analyst maintains a Buy rating and $115 price target on shares of Apple.

With Apple Inc. shares trading down nearly 0.7 percent to $100.96 at last check, Milunovich's maintained price target implies potential upside of about 14 percent.

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