WHEN APPLE WILL COST MORE THAN $ 1 TILL
Capitalization of Apple in 12-18 months can exceed $ 1 trillion thanks to the expected high demand for iPhone 8 and continuing redemption of shares, RBC Capital analyst Amid Darianani said.
He raised the target price of shares from $ 157 to $ 168.
Darianani also sees a scenario in which in fiscal year 2019 (beginning in October 2018), earnings per share will exceed $ 12, and the stock price will rise to $ 192-195, that is 25-27% of current levels.
The client note of RBC Capital says:
“We believe that this will be due primarily to the growth in the average selling price after the release of an expensive iPhone 8 against a background of a stable or slightly increased number of smartphones sold.”
According to Dariani, the average selling price for the new iPhone8 is $ 800, while in the fiscal year 2017 it is $ 666.