Analysts Revise Apple Estimates After iPad Sales Hit Two Million

Posted June 1, 2010 at 1:13pm by iClarified · 5304 views

Analysts have hastily revised their estimates for Apple after the company announced it has already sold two million iPads.

This information comes via Philip Elmer-DeWitt of Fortune.

Piper Jaffray's Gene Munster
● iPad sales, calendar 2010: to 6.2 million units from 4.3 million.
● Fiscal 2010 revenue: to $58.327 billion from $57.222 billion
● Fiscal 2010 EPS: to $12.90 from $12.68
● Price target: $330 a share from $323

Barclays Capital's Ben Reitzes
● iPad sales, June quarter: to 2.8 million units from 1.5 million
● iPad sales, fiscal 2010: to 6.1 million from 3.45 million
● Fiscal 2010 revenue: to $61.6 billion from $60.1 billion
● Fiscal 2010 EPS: to $13.68 from $13.32
● Price target: $320 a share from $315

Kaufman Bros.' Shaw Wu
● iPad sales, June quarter: to 2.7 million units from 2 million
● iPad sales, calendar 2010: to 8 million from 6.3 million
● Fiscal 2010 revenue: to $59.3 billion from $58.7 billion
● Fiscal 2010 EPS: to $13.30 from $13.20
● Price target: $320 -- no change

Broadpoint Amtech's Brian Marshall
● iPad sales, June quarter: to 2.5 million units from 1 million
● iPad sales, calendar 2010: to 10 million from 6 million
● Calendar 2010 revenue: $63.5 billion from $62.6 billion
● Calendar 2010 EPS: to $15.35 from $14.50
● Price target: to $340 from $320.

UBS' Maynard Um
● Fiscal 2010 EPS: $13.41 from $13.22
● Price target: to $320 from $315.

Read More