financial/investor

03/17/2006, 9:50am, EST

Friday, March 17th

Analyst: Feb NPD data overblown

Despite slow Mac sales concerns for Apple's second fiscal quarter, analysts at Morgan Stanley today maintained their "overweight" rating on Apple stock with a price target of $90. NewRatings.com reports that the firm said that "the current weakness in Apple Computer's share price, on account of data related to the company's component supply chain and point-of-sale, is overblown." The firm notes that the February NPD point-of-sale data "does not reflect initial robust shipments of Apple's MacBook Pro and/or sell through of the new Mac Mini," according to the report.


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jhorvatic
What slow Mac sales?
0
03/17, 11:32am, EST
I think they're dead wrong about Mac sales. If they are so slow why is there such a back log of orders for the Macbook Pro and the iMac?
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eldarkus
WELL...
0
03/17, 11:54am, EST
It could be that Apple underestimated the market for Mac Book Pro's and produce make as many. That would cause a back log.
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Joined Feb 2004
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