9 months ago 2 months ago

Analyst Predicts Leopard will generate $200 Million for Apple

by Kokou Adzo 9 months ago2 months ago

On Friday, Bank of America hardware analyst Keith Bachman wrote in a note that Leopard could generate an extra $200 million in revenue for Apple, Inc. That figure is up from Tiger’s estimated revenue generation which was $135 million when the OS was released in 2005.

One of the main reasons he sights for the upswing? More users, of course. He estimates that Apple’s install base will be 22 million by the end of March. Up from 16 million when Tiger was launched.

Bachman continues to rate Apple stock a buy, with a price target of $107.

Posted by Kokou Adzo

Kokou Adzo is a stalwart in the tech journalism community, has been chronicling the ever-evolving world of Apple products and innovations for over a decade. As a Senior Author at Apple Gazette, Kokou combines a deep passion for technology with an innate ability to translate complex tech jargon into relatable insights for everyday users.