Replies to post #25132 on Apple Inc (AAPL)

[fmikehugo]

07:08 AAPL Apple Computer target raised to $100 at Piper Jaffray (55.17 )

Piper Jaffray raises their tgt on AAPL to $100 from $52 and raises their FY05-06 (Sept) EPS ests above consensus. Over the last six weeks the firm has surveyed 200 iPod users in various geographies throughout the United States. The bottom line from the survey is that 13% of iPod users in the sample were formerly PC users that, following the purchase of their iPod, have either already bought a Mac (6.0%) or are planning to buy a Mac within 12 months (7.0%). Also, the firm spent the last few days speaking with 15 Apple Specialist VARs, and approx 30% believe the qtr is tracking above expectations, nearly 70% believe the qtr is tracking in-line, and only one feels the qtr is below plan thus far (related to supply issues - demand remains strong). Firm believes that iPod carryover will impact numbers in FY05-06, and they have increased their Mac ests under the assumption that 6.5% (half of the 13% suggested by the survey) of iPod buyers are PC owners that will move to the Mac platform. Firm raises their FY05 est to $1.52 from $1.29 (consensus $1.28) and raises their FY06 est to $2.17 from $1.50 (consensus $1.56).

[fmikehugo]

07:44 AAPL Apple Computer target raised to $65 at Fulcrum (55.17 ) -- Update --

Fulcrum raises their tgt on AAPL to $65 from $53 and raises their Dec qtr est. While still just midway through the Dec qtr, signals from the co's component supply chain, together with shortened delivery lead times, make them believe the co may not be as severely constrained meeting very strong demand for both its iPods (traditional and mini) and new flat panel iMac G5s. Firm raises their Dec qtr rev/EPS ests to $3.23 bln/$0.51 from $2.86 bln/$0.41 (well above initial guidance $0.39-$0.42). (Briefing.com note: Note that Piper Jaffray raised their tgt on AAPL to $100 this morning... see 7:08 comment.)