Is $60.00 possible for F2014 ? In F2012 RIM shipped 59 million older phones ( sell through was 53.6M phones)
In 2014 RIM shipment should be the same or higher because of
a) BB10 is out and its an additional sales to the older phones
b) Some shelves' refilling of Carriers' inventories
c)Those waiting for BB10 phones will be buying.
In 2012, RIM also made $4.20 EPS from Operations.
In 2014, RIM should make more because of ASP plus Cost Optimization savings of $1B.
The BB10 launching and other promotional costs might add up to $1B for 2014, but
RIM will still be able to make at least over $4.00 EPS.
Note; In 2012, RIM adjusted earnings was $2.20 EPS because there were goodwill writeoff,
inventory writeoff, etc. No such writeoffs in 2014.
If RIM makes $4.00 EPS in F2014 and applying a minimum growth multiple of 15,
it should be a $60.00 stock price.
So F2014 ( this year) will be a great year for RIM.
Even if RIM sells 1/2 the amounts of phones (impossible) as 2012, RIM
should make more that $2.00 per share in 2014, contrary to the Analysts' consensus of (36 cents) loss