AAPL Stock: 97.03 ( -0.16 )

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Prudential cautions on AAPL run-up

updated 08:30 am EST, Mon March 15, 2004

Prudential warns on AAPL

CBS Marketwatch notes that Prudential Equity has issued a regarding the recent run-up of Apple's stock price. "We believe that recent investors, lured by the success of the iPod and iTunes (and associated opportunities for higher CPU attach rates) have been the driving force behind near-term momentum in the shares. Market speculation around potential Sony takeover also may have contributed. Following recent checks, we believe that the quarter is likely tracking in-line with our estimate for a 10 percent sequential revenue decline to $1.805 billion, and earnings of 9 cents per share. We are concerned, however, that at current price levels, investors may be expecting material upside in the quarter." Shares of Apple have risen about 20 percent this month.

by MacNN Staff





  1. Simon

    Joined: Dec 1969



    This is so typical.

    If Apple's stock does bad everybody goes like "ah they're doomed, sell your stock as fast as you can"

    If Apple's stock is doing good "ah, be careful, it's way overrated and tomorrow they will go chapter 11..."

    Just another example of how silly the stock market analysts are.

    While they were dooming Apple for the last 20 years, the company changed the world of computing.

    What a bunch of idiots.

  1. Glasspusher

    Joined: Dec 1969


    analyst's concerns

    Yeah, right, analysts concerned about stock buyers. What a laugh. The iPod mini selling out, hopefully some good orders for the Xserve G5...these are good things. No speed increase in the towers and slumping iMac sales are possible downsides. Fred Andersen was saying he sees Apple becoming a $10 bn company again...I would hope for an increase in revenues this quarter...

  1. faizon

    Joined: Dec 1969


    what that really means

    we need evr1 to sell there stock please .. My client wants in .. but not at these levels ;)

  1. wrandall

    Joined: Dec 1969



    Cany you say manipulating stock prices?

  1. xenopdx

    Joined: Dec 1969


    it's all a guessing game

    We also predicted that there would be 250,000 new jobs created every quater, but, in fact, 150,000 jobs were lost every month....

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