Market Overview

Crisis in Japan to Have Little Effect on Apple Revenue (AAPL)

Share:

Piper Jaffray released a report today discussing the expected impact on Apple (NASDAQ: AAPL) stock in the wake of Japan's devastation. Given that Japan comprised only 5.4% of overall Apple revenue in the December 2010 quarter, Piper analysts predict that the crisis in Japan will impact Apple March quarter revenue by less than 1% (a decrease of approximately $202 million). If there were absolutely no sales in the first half of the June quarter (a worst-case scenario), Apple revenue would decrease by only 2.7%, or $563 million.

The report provides the following risks for AAPL stock: trends in end-markets, component pricing, and competitive pressures.

Piper analysts maintain an Overweight rating for AAPL with a price target of $483. It is currently trading at $351.62.

Posted-In: Piper JaffrayAnalyst Color Analyst Ratings

 

Related Articles (AAPL)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
LMCitigroupDowngrades50.0
FLRCanaccord GenuityDowngrades14.0
ATRCNeedhamMaintains52.0
APPNNeedhamDowngrades
CAMTNeedhamInitiates Coverage On14.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com