you questioned Goldman Sachs' integrity in regards to their 700,000 sales estimate. actually, you said they had lost their integrity.
given the 1mm estimates that are circulating, are you going to grant them their integrity back? or were they so heineously wrong with their level?
Well, I think most investment banks have lost thier integrity, so I actually wrote my view in reverse. I still think them pumping up Apple pays dividends in their other business.
While the research and investments sides are supposed to be separate, I know how flawed this works in practice.
With each passing day, they get closer to the mark. I guess I will wait for Apple's 10-K and see what comes of that.
If they are selling that many, then good for them. I just think there a little exaggeration going on...
Apple is targeting 10M iPhones by 2008. Some analysts say it may hit 45M in two years.
(By means of comparison, they estimate 91M laptop computers sold this year, growing to 137M in 2010. Let's three-split the difference and say 107M in 2008.)
950M cell phones sold in the 2006 world market....Apple's target 1% of the market (10M) - how do you get there with only one carrier in the US and two in Europe?
No doubt, iPhone is a kick in the pants for the industry. I think if the had issues unlocked phone and also CDMA versions on Sprint and Verizon, they would make the 10M...but given the current structure, I have to wonder (unless Europe goes hog wild and by them by the truckload.)
Not saying this isn't possible, just trying to make the projections work.