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Analyst expects growth of all Apple products over next two fiscal years


BMO Capital’s Keith Bachman told clients in a note — as reported by “Barron’s ( — that he’s reiterating a Buy rating on Apple shares and hasraised his price target to $355 from a prior $330.

Bachman also raised his rating for this quarter’s iPhone sales to 16.5 million units, from a prior 15 million. The analyst thinks Apple will sell 60 million iPhones this fiscal year and 76 millioin i fiscall 20`2.

And what of Apple’s other products for this fiscal year? Bachman is forecasting 16.8 million Macs, 42.9 million iPods, and 21.3 million iPads. For 2012, he expects 20 million Macs, 36.5 million iPods, and 32 million iPads.

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