It could be partly because of Apple's 71% year over year revenue growth reported in yesterday's first fiscal quarter 2011 earnings report
, or it could be the result of the 17 million iPads shipped in 2010
. But either way, Boy Genius Report
just let us know that RBC Capital Markets has revised their Apple stock price estimate, raising it from last week's $395 to $425 today following the earnings report. They are expecting Apple's revenue for 2011 to come in at just a shade under $100 billion, and 2012 looks to come in at $108 billion.
With the first quarter showing Apple selling 16.24 million iPhones
, 7.33 million iPads
, 4.13 million Macs
and 19.45 million iPods
while revenue rose to $26.7 billion
, 2011 looks to be off to a solid start -- and yet another year that I think back to 2005, when I could have bought Apple stock at around $65.