Following a series of checks with sources in the Far East, researchers for Banc of America have put out a call indicating that Apple has commissioned a significant increase in production of Macs for the current quarter while simultaneously reducing iPod production.
Bank of America Securities this week joined a chorus of other Wall Street firms who say they believe Apple Inc. is working on flash-based notebook and video iPod designs for a release sometime later this year.
Apple Inc.'s install base of Mac OS X users will be approximately 22 million strong come the end of March, ahead of the company's next-generation Leopard operating system release, according to analysts at Bank of America Securities.
Prior to the weekend, Bank of America Securities increased its price target on shares of Apple Computer to $93 from $84, citing expectations of strong growth in the company's notebook segment during the 2008 fiscal year.
Bank of America on Friday reduced its estimates slightly for Apple Computer's March quarter and next two fiscal years, pointing to unanswered questions about the company's potential to grow its share of the personal computer market and hints of weaker computer sales.