But are those conservative guidance press releases slipping? Is Apple trying to be truer to what it really thinks it will make when upcoming quarterly guidance is released? That's the thought from some market watchers. Analysts picked up on the "undersell" tactic Apple has been using for quite some time and has fed clients the real deal on Apple's expectations.
But when Apple CFO Peter Oppenheimer gave out Q1 guidance back in October that seemed to be very aggressive -- with expectations of a $9.2 billion holiday quarter -- was he sandbagging or playing the standard line? Hard to tell. But if some analysts are correct, that expectation could be deceptive.
If Apple is really expecting more than $9.2 billion for the current quarter, then there's no limit on what the company can do in 2008, right? Consider Bear Sterns analyst Andy Neff, who expects a $9.67 billion quarter covering the holiday season, an EPS of $1.75 share and a stock price hitting $249 sometime in 2007. A three bagger is not so bad for a single year, eh? Apple shares began 2007 under $84 per share.