Market Overview

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


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


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