RBC Capital Market's Mike Abramsky and American Technology Research's Shaw Wu emerged atop the list of Apple analysts in providing the most accurate estimates for Apple's second fiscal quarter of 2008, and both are out Thursday with new research notes on the company.
Investment firm American Technology Research on Tuesday cut its long-standing Buy rating on shares of Apple Inc. to Neutral, citing near-term concerns with the stock's valuation, high expectations on the part of investors, and a potential product vacuum ahead of the third calendar quarter.
AmTech is chiming in with its own report on a 3G iPhone which the firm believes will be accompanied by a revised 2.5G model sporting a slight casing redesign. Meanwhile, Adobe has released a beta of its Lightroom 2.0 post-production photography software; Apple's China chief has been poached by the nation's leading search firm; and Germany receives fresh iTunes TV content.
American Technology Research on Monday increased its estimates for Apple's soon-to-end second fiscal quarter of 2008 on better than expected Mac growth. Meanwhile, an analyst long covering Apple for UBS has been lured away by Lehman Brothers, where he'll be tasked with a similar role.
By integrating digital video recording (DVR) features into Apple TV, Apple stands to transform its niche media hub business into a serious growth driver worth over a billion dollars annually, according to one Wall Street analyst.
Shares of Apple Inc. joined the broader technology sector in a brief free-fall early Tuesday morning as growing fears of a recession and slowing global economy weighed heavily on the Nasdaq stock market.
Wall Street's usual suspects have started to weigh in on Apple's Macworld announcements, with most speaking favorably of what company chief executive Steve Jobs laid out on Tuesday. However, at least one analyst was skeptical about the potential for the new MacBook Air.
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AppleInsider Staff
Katie Marsal
Kasper Jade
Slash Lane
