AppleInsider Staff"We have analyzed all three months of NPD data (Oct., Nov. & Dec.) for the quarter and found that it now suggests iPod units of 24 million to 25 million," analyst Gene Munster wrote in research note to clients.
He now estimates the Cupertino-based firm to announce sales of approximately 23.5 million iPods as part of its fiscal first quarter earnings report later Tuesday, which is below both Street consensus estimates of 24.7 million and his previous estimate of between 25 million and 26 million.
"We see this as a neutral data point," Munster wrote. "Bottom line: we continue to expect Apple to report a strong December quarter driven by in-line iPod results and outperformance in the Mac segment.
The analyst made no other changes to his model, maintaining a Buy rating and $250 price target on shares of the electronics company.
Malcolm Owen
Amber Neely
Christine McKee
Chip Loder
Marko Zivkovic
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The analyst made no other changes to his model, maintaining a Buy rating and $250 price target on shares of the electronics company.
[ View this article at AppleInsider.com ]
Well, it is nice to see some confidence!
When I saw the headline I thought they were going to use this as an excuse to lower expectations in light of recent general market conditions...
Well, it is nice to see some confidence!
When I saw the headline I thought they were going to use this as an excuse to lower expectations in light of recent general market conditions...
AAPL as low as $147 today makes a $250 price target look preposterous. Plus, you don't want to change price targets on the day of release of earnings.
AAPL as low as $147 today makes a $250 price target look preposterous. Plus, you don't want to change price targets on the day of release of earnings.
$250 for AAPL would have been achievable were we not in an economy where the 'chickens' of a trillion dollar war deficit and upward distribution of income were rushing home to roost.
Hang on to your butts folks.
Here's hoping these guys are wrong … in a BIG way.
That's the only way the stock will bounce back much.
Hell I'd just like to see it around $200.00 again.
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When today, is the conference on Apples financials?