updated 08:45 am EDT, Mon April 4, 2005
Best Buy Mac mini
Best Buy may soon begin selling the Mac mini, according to a report from Merrill Lynch. "Last week one Best Buy showed us Mac mini accessories; Mac minis are coming later." The delay may be tied to the release of Mac OS X 10.4 Tiger, the research firm says. Purchasers "would not be pleased if they had to plunk down an extra $129 after their $499 Mac mini purchase." Merrill Lynch expects the upgrade by the end of April, stating it should "benefit F3Q earnings." The firm sees "plenty of anecdotal evidence of Mac sales benefiting from iPod success," but sales numbers for the Mac mini "will help provide evidence of the halo effect." Merrill Lynch has a price objective of $51 per share. For the second quarter of fiscal 2005, the firm estimates earnings of $0.22 per share, but "Apple may need to post a figure north of $0.25 to satisfy investors."