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AAPL Stock: 530.38 ( + 0.26 )

BofA analyst says Apple could 'run out of steam'

updated 12:20 pm EST, Wed November 19, 2003

Apple running out of steam?


Banc of America Securities said Apple "runs the risk of generating significant refresh sales to its installed base for the next couple of quarters, and then once sales to the installed base are satisfied," according to Forbes. Although it said that it didn't "think there is any more creative company in the world than Apple" and also added that Apple's fundamentals are "positive", Banc of America initiated coverage of Apple at "neutral," saying "it was concerned that G5 refresh sales will slow, iTunes won't contribute to the bottom line and iPod is not 'the only game in town anymore.' Banc of America said Apple is fairly valued at $21."


by MacNN Staff

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  1. MacNN.com Reader

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    11/19, 12:30pm | report spam | Reply |

    Yeah right

    So will all those Turkish steam baths . . .

  1. MacNN.com Reader

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    11/19, 12:31pm | report spam | Reply |

    Right!

    Cause we all know how Analysts have always been correct about Apple's financial health in the past. ;-)

  1. MacNN.com Reader

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    11/19, 12:40pm | report spam | Reply |

    What are these guys on???

    This concern over Apple applies to every single company whose goal is to make money. Every company out there has to keep inovating to keep customers upgrading. No company can rest on its laurels after coming out with good products.

    Do they mention this? Of course not. You don't hear them saying: "Microsoft's Longhorn is rumored to be such an improvment over XP that we're concerned customers won't upgrade past it."

    Instead, they do what 90% of ignorant analysts do..... make stupid statements about Apple as if they're some anomaly that the rules of business don't apply to.

  1. MacNN.com Reader

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    11/19, 01:00pm | report spam | Reply |

    Apple is Doomed!

    I expect sales of SP 1.8 G5 to quickly run out if steam, not because the installed base has all the G5 they want. But because Apple doesn't make it anymore.

    The above statements only work if 2.0 G5 is the final end product of Apple development. Never mind NEXT quarter is MWSF and every mac users is just going to lust after Steve's 'One More Thing' Then comes the G5 speed bumps, 10.4, iMac goes G5, iBook/Powerbook/G5 refreshes, which brings us to MWSF 2005 and the one more thing is a G5 Powerbook! Apple wait time again stretches to weeks! Then we have another sent of PowerMac bump.... repeat.... Until.... THE POWERMAC G6! Mac OS 10.10 (code-named: calico (they gotta be running out of cat names))...

  1. MacNN.com Reader

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    11/19, 01:07pm | report spam | Reply |

    Analysts are in

    business to make money too....

    Ever hear of talking a company down and then buying the stock? or Puts?

    CNET wouldn't do that now either would they?
    Hmmmmmm....

  1. MacNN.com Reader

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    11/19, 01:36pm | report spam | Reply |

    iPod games

    The iPod is not 'the only game in town anymore'?

    News flash: the iPod was never the only game in town.

    It just happened to ride in and take the town over, that's all.

  1. MacNN.com Reader

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    11/19, 01:41pm | report spam | Reply |

    Yawn,

    Yawn, more of the same. Some "Analysts" locked in a room looking at statements and making judgements. If I had 100 shares of Apple for every doom and gloom Apple report from some Analyst I'd be sole owner of Apple.

  1. MacNN.com Reader

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    11/19, 01:48pm | report spam | Reply |

    Analysts - what are they?

    Let's see, bets are good that this guy, along with every other 'analyst' sits in his little cubicle, and makes the corporate equivalent of minimum wage. In other words, he couldn't hack it as a broker (undoubtedly the stock equivalent of the car salesman), so they gave him a deskjob, reading Tarot cards.

    If Analysts actually knew what they are talking about, they would be phoning in their analyses from their weekend beach-front home in the Bahamas. Of course, no one thinks about THAT aspect.

    So, for all I'm concerned, I go along with analysts as much as Alfred Hitchcokc went along with critics. "What do I think about critics? What does a Eunuch know about love...?"

  1. MacNN.com Reader

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    11/19, 01:50pm | report spam | Reply |

    wow, i could be one too!

    an analyst, that is... why? because apparently all they have to do is RESTATE THE BLATANTLY OBVIOUS and get paid for it. itunes will not make money. wow, is that based on their astute evaluation of the market and its competitive field, or becaue steve ALREADY F'N SAID they don't plan to make money with the iTMS? G5 sales will slow... yes, a new product's sales slow the longer it is in the market until it gets refreshed. the ipod is not the only game in town... ask ANYone planning to buy an mp3 player, if they could afford it, would they buy an ipod? my guess is every one would say "yes." so it may not be the only game in town, but it's certainly the best.

    thank you, analysts, for getting paid to regurgitate the patently obvious.

  1. MacNN.com Reader

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    11/19, 02:41pm | report spam | Reply |

    do the opposite

    i've learned over the years to do the opposite of what the "analysts" say. That's how you get rich.

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