Apple Inc. is gearing up for several major product releases during the current quarter that should help drive earnings and higher share prices, including an overhaul to iMac and new full-screen iPods, according to investment bank Goldman Sachs.
The worst fears facing Apple Inc. and its investors — that members of the company's current leadership could face criminal charges over misdated stock option grants — appear as if they will not materialize, investment bank Goldman Sachs said Tuesday.
Several investment banks are throwing their weight behind Apple's decision Thursday to delay its Leopard operating system in favor of pushing its eagerly sought iPhone device into the market on time.
Following a recent buying intention survey, investment bank Goldman Sach said it is increasingly confident in its estimates that Apple will sell more than 14 million iPhones through the 2008 holiday shopping season.
Goldman Sachs on Thursday dropped Apple from its Conviction Buy list, citing the potential for negative speculation in the months leading up to the company's June iPhone launch.
Apple Computer, which reports results of its first fiscal quarter of 2007 later this month, is likely to announce sales of 1.8 million Macs during the three-month period, including 1.1 million notebooks, according to Goldman Sachs.
Apple Computer's special event this Tuesday is just the start of a steady stream of consumer electronics announcements the company plans to make over the next 6 to 9 months, according to analysts at Goldman Sachs.
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Katie Marsal
Prince McLean
AppleInsider Staff
