updated 02:25 pm EST, Tue March 16, 2004
G5 sales may fall short
Despite the success of the iPod in consumer markets, Banc of America Securities analyst Keith Bachman today for the second quarter in a row. "We believe [G5 sales are] the single-best gauge of the growth potential of Apple," Bachman said in a research note. "The G5 is more important that the iPod in terms of (earnings per share) impact." Apple shipped 206,000 G5 systems last quarter, falling short of many analysts' estimates. Bachman estimates that Apple will ship 195,000 G5s this quarter. After running up to 27.56 earlier this month on excitement about the iPod's success, shares of Apple have since fallen about two points.