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Apple undervalued by $300 a share: StarMine

Monday, July 23, 2012 - 01:43

July 23 - On the eve of Apple's latest earnings, one top StarMine analyst says the tech titan should be trading at $900.

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There's lots of chatter apple earnings might not be as great as expected because of weaker iPhone sales. But that's just nonsense according to exclusive data from storm line. Thomson Reuters annals -- Mars has been looking at the numbers natural one of mixed views on what apple might report but what is -- on line apps. We'll consensus currently stands at 37 billion dollars for revenue but according to highly rated analyst -- -- very accurate rate. I believe he believes that the revenue it could come in as high as 39 billion dollars. Analysts also believes that other analysts are being too conservative out there because the slowdown that we've seen in sales of productions. Ahead of the new introduction of the new iPhone 5. And too conservative well you know Apple's shares of fell slightly in trading today. -- in my view we're showed the stock trading is that it's trading 300 dollars higher three that I have a they'll be 900 dollars a share. Why. Then my expectations are still too -- and the stock price hasn't kept up way. How fast the bottom line has actually ground but if you look at the stock performance over the past five years. You can actually see that the stock is always a bye in the months leading into new. Product lines with speed product launches a new iPhone is supposedly coming -- see what happens when that's line. Well -- expect to see it in October and revenues are forecasted to be as high as 55 billion dollars. That is about a 20% increase from December it left the -- And silent as but as big as -- countries that you can't see why now. And I think the company's garden and garage. That's a larger. I think that Thomson Reuters analyst Roland Martin I'm Fred Katayama and this is --

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Apple undervalued by $300 a share: StarMine

Monday, July 23, 2012 - 01:43