BMO Capital Markets not only raised its price target to $135 for AAPL ahead of the weekend, but one of its top analysts also made a bold but possibly still conservative sales prediction for a number of current and future Apple products.
BMO analyst Keith Bachman expects 207 million iPhone sales in 2015.
“Apple’s current iPhone offering, pending the Watch launch and the strength of Apple’s family of products, combined with Apple’s large and loyal installed base, gives us confidence in our iPhone forecast,” the analyst told investors late last week.
Despite strong iPhone sales, the Apple Watch won’t be entirely overshadowed. Bachman believes 19 million Apple Watch units will sell this year, more than half of which will be sold in the final quarter of 2015.
In short, Apple Watch is already expected to be the hottest wearable of the 2015 holiday shopping season.