Apple’s growth predicted to slow to 10% in 2013. Seriously?
Gene Munster, Piper Jaffray’s longtime Apple (AAPL) analyst, issued his estimates for calendar 2013 on Wednesday. The highlights:
Revenues of $164 billion (8% higher than The Street)
Earnings of $40.50 per share (10% higher)
Revenue growth slowing from 82% the June 2011 quarter to 20% in 2013.
The consensus among investors he polled was that growth would slow even more dramatically in 2013, to 10%
Past performance is no guide, of course, but based on the chart above, you have to wonder what these investors are thinking.
Um, sure, Gene. We’ll revisit this article in another year and see how accurate your predictions are. That is one dramatic slowdown. I guess Apple will soon lose it’s mojo and not be able to release anything remotely compelling for consumers over the next few years…