toggle

AAPL Stock: 562.29 ( -3.03 )

Analyst raises AAPL target on Shuffle, Mini sales

updated 11:00 pm EST, Fri February 25, 2005

BofA raises AAPL target


Banc of America Securities today reiterated his "buy" rating on Apple and from $85 to $97. NewRatings.com reports that the firm has raised FY05 sales estimate for iPod shuffle product has been raised from 4.4 million to 5 million units, confirming its optimism regarding Shuffle sales in the global market. "The demand for Apple Computer's Mac Mini continues to be robust and the sales estimate for the product has been raised from 305,000 to 900,000 units, the analyst says. The EPS estimates for FY05 and FY06 have been raised from $1.87 to $2.11 and from $2.16 to $2.50, respectively."


by MacNN Staff

print
email
(6)

TAGS :

 Investor

Related Articles

Recent Articles

toggle

Comments

  1. mgescuro

    Fresh-Faced Recruit

    Joined: Jul 2003

    0
    02/26, 06:23am | report spam | Reply |

    Wow

    305,000 to 900,000 units????

    That's a LOT of Mac minis!!!! So people say Apple will sell 3x more Mac minis than expected???

    It's good to be a shareholder of AAPL.

  1. irieblue

    Fresh-Faced Recruit

    Joined: Feb 2005

    0
    02/26, 08:54pm | report spam | Reply |

    WTF?

    I hold AAPL stock as well, but where do these analysts pull these lofty numbers from? If Apple doesn't sell 900,000 Mac minis then what? Last quarter Oct- Dec - normally Apple's best - they sole 1.2 million Macs, now this 1/4 Jan - March (normally their worse) they are going to sell 900,00 Mac minis alone? Oh well, I've never been a BofA fan so their Analysts comments are lost on me.

  1. Jonathan-Tanya

    Fresh-Faced Recruit

    Joined: Oct 2004

    0
    02/26, 10:25pm | report spam | Reply |

    yes

    yes irieblue...

    I mean, yes, I believe they should have done just that.

    They should double unit sales by finally selling to the other 80% of the market they were ignoring for so long...the low end market. Now, I didn't say double revenues, of course, there are things complicating that, including the low cost of the new unit....

    with that said, it would be hard to sell so many units with supply constrained this badly, lots of people who want one, just can't buy one, they aren't available... and some people don't want to buy before Tiger...but I imagine they are in the minority.

    I'm glad Apple has a hit...heck, they've waited this long, I guess we can wait a bit longer for them to get supply worked out, and finally, they will be hitting on all cylinders. And I hope someone gets fired for waiting this long.... YA....ok, a stern reprimand at least.

  1. Arcady

    Fresh-Faced Recruit

    Joined: May 2001

    0
    02/27, 04:27pm | report spam | Reply |

    editing?

    "NewRatings.com reports that the firm has raised FY05 sales estimate for iPod shuffle product has been raised from 4.4 million to 5 million units"

    Was the person who wrote this drunk?

  1. Eriamjh

    Addicted to MacNN

    Joined: Oct 2001

    0
    02/27, 05:36pm | report spam | Reply |

    4% Market share!

    Here we come!

  1. iomatic

    Mac Elite

    Joined: Oct 1999

    0
    02/27, 07:46pm | report spam | Reply |

    what a buncha maroons!

    "Oh hey, AAPL has exceeded my initial $25 sell valuation; WHOOPS! Uh, make that, target of… 60!… no wait, 80!, uh…98!, yeah, that's it… where'd I put my cereal box analyst degree? Oh, but Dell and Microsoft are the best!!!"

    Just shut up already. "ANALysts".

    ...

    ...

    ...

Login Here

Not a member of the MacNN forums? Register now for free.

 
close
Photo
toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

iHome iW2 AirPlay speaker

iHome generally isn't known as a luxury brand when it comes to audio, but it is prolific -- the company's docks and speakers are every ...

Logitech Ultrathin Keyboard Cover

One of the iPad's main weaknesses has always been productivity. It's not a question of apps; while it has taken a little time for a na ...

Logitech UE Air Speaker

If maybe a little more slowly than Apple would like, AirPlay is becoming a staple of the wireless speaker market for iOS devices. The ...

toggle

Most Commented

 

Popular News