Even as Apple shares top US$600 for the first time in the company’s history, in a note to clients — as reported by “Barron’s” (http://macte.ch/SlbKl) — Piper Jaffray analyst Gene Munster has raised his target price from $670 to $718. Here’s what he’s predicting:
°Apple will sell 189 million iPhone units in calendar year 2013, representing 23% market share, year over year, up from a prior expectation for just 20%, and up from 21% share in 2012.
° Apple will have a third of the market by 2015, with 385 million iPhones sold.
° The iPad will lose only minor share in 2013, versus a former expectation for a 12% loss.
° Apple may sell 86.5 million iPads in calendar 2013,, giving the company 60% of the tablet market.
° By 2015, Apple may still have 60% of the tablet market, with 176 million iPad units sold.