AAPL Stock: 118.35 ( + 0.05 )

Printed from

BofA: Apple sees slow Jan sales

updated 02:00 pm EST, Thu February 23, 2006

BOC retains \"neutral\" AAPL

Banc of America (BOC) Securities analyst Keith Bachman today maintained a "neutral" rating and an $82 price target on Apple, following the release of low January sales results. "While we have concerns about CPU growth in the March quarter, we believe that the month of January will be worse than the quarter," the analyst wrote. "We think the January NPD data exaggerates CPU slowdown." Apple's revenue and units for the month of January grew only one percent and six percent year-over-year, respectively, compared to 25 percent and 20 percent revenue and unit growth in the December quarter, according to The analyst noted that the new iMacs did not ship until January 10th, and that the MacBook Pros only began shipping February 13-14th.

"We believe that the stock will trade well into product announcements next week, which we believe will include low-end notebook," Bachman said in a report obtained by Forbes.

by MacNN Staff




Login Here

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


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented