Support Our Site
Get Better Gear!
- Kensington Windshield/Vent Car Mount with Sound Amplified Cradle for iPhone from Kensington, $39.99
- SigFx Energy iPhone Case Contains Smart Battery from SigFx Energy, US$69.95
- NAVIGON AG - True GPS Software for the iPhone from NAVIGON Inc., 89.99
- Tweetie 2 from atebits, $2.99
- Snood: Flawed Casual Play from Electronic Arts, US$3.99
Premier Sponsors
Top 5 Free Apps
iTunes New Music Releases
Top 5 Paid Apps
Discover New Music
- Brian Eno
- In his first proper solo release since 1996's relatively cold "The Drop," Brian Eno has constructed a whimsical and ecclectic masterpiece which is arguably one of the year's strongest records thus fa
- Bauhaus
Go Away White is an album I've been waiting more than 20 years to hear, and the good news is that it was worth the wait. The latest -- and last, no...for real this time -- album from
The Last 5 Years (2002 Off-Broadway Cast)
- Jason Robert Brown
- The soundtrack to this moving off-broadway musical is heart moving. The lyrics follow a couple in a relationship for five years, one point of view going forward in time, and the other tracing time fr
- The Church
Another of my all-time favorites, Priest = Aura is one of those rare albums where every song is simply fantastic, and a testament to how good pop-rock can be.
Each song immediatel
- Miles Davis
- The jazz album to end all jazz albums. Miles Davis and John Coltrane and Cannonball Adderly and the list goes on. The who's who of who's who in jazz have assembled for this monumental record. Get this
Reader Specials
Visit Deals On The Web for the best deals on all consumer electronics, iPods, and more!
News
BofA Adds to Apple’s Projected EPS, Drops Stock Target Price by $1
Wednesday, July 6th, 2005 at 3:00 PM - by Brad Cook
Bank of America Securities analyst Keith Bachman on Thursday released a brief research report obtained by The Mac Observer. In it, Mr. Bachman states that the "two key metrics" to focus on regarding Apple are iPod units and computer sales growth rates. With 5.4 million iPods in his sales forecast and a Mac sales growth rate of 25%-28%, he reiterated his "Buy" rating on the company's stock and added US$0.03 to his EPS (earnings per share) forecast for the current fiscal year and $0.04 to the number for next year, bringing them to $1.32 and $1.44, respectively. However, he did drop his twelve-month stock price target from $44 to $43 "based on lower comparable multiples."
Mr. Bachman also used the report to address recent issues surrounding Apple, acknowledging that he thinks "iPod shuffle demand has been weak, through iPod mini demand has been strong. We expect a new shuffle in the next few months, and believe an LCD-based refresh is needed. For [computer] systems, we think that demand for the iMac has been strong, and the Mac mini has been weak." However, he only expects sales of Mac OS X v10.4 "Tiger" to add a penny or two to EPS this quarter, not the nickel some analysts have forecasted.
Looking ahead, Mr. Bachman wrote that he would become more bullish on the stock if Apple's Mac sales grow 30% or more and if he sees his 2006 forecast for iPod sales to grow more than 20%. On the flip side, he'd become more bearish if Mac sales grow less than 20% or if iPod unit sales come in at less than 5 million for the current quarter. An increase in price competition would also cause him to react negatively.
<!--#include virtual="/includes/newsite/series/stockwatch.shtml"-->
Recent Headlines
- Apple TV 3.0.1 Update Fixes Missing Content Bug
- Taiwan Leak Shows Verizon UTMS/CDMA iPhone for Q3 2010
- iPhone Moves Into RadioShack
- Dictionary, Dictionary, Dictionary, And More
- The Latest App Store Games: Gravity Sling, RocketBird, Ground Effect, Checkers!
- iPhone Game Developer Sued for Collecting User’s Cell Numbers
- Apple May Be Bringing RFID to the iPhone
Post Your Comments