toggle

AAPL Stock: 100.75 ( -0.21 )

Printed from http://www.macnn.com

April data suggests iPod downside

updated 01:55 pm EDT, Mon May 22, 2006

iPod may see downside

Recent NPD data collected for the month of April suggests that Apple may see a slight downside in June quarter iPod results, according to one analyst. PiperJaffray senior analyst Gene Munster has analyzed the first month of NPD data for the June quarter, noting that it suggests iPod units of around 8 million. "When the second month of data is released, our analysis will likely lead to a slightly different iPod unit figure than what our analysis suggests based on the first month of data," Munster wrote in a research note obtained by MacNN. Wall Street is currently expecting 8.6 million iPods in the June quarter, up from PiperJaffray's estimate of 8.25 million. PiperJaffray maintained its "outperform" rating on Apple shares with a price target of $99.

The analyst does not believe the lower numbers will come as a complete surprise to investors, however.

"Recent chatter in various articles and Web postings about trends with component suppliers have suggested that iPod units were slower than expected in April, so we do not think investors will be surprised by this early datapoint."

Munster also suspects "Grads and Dads" buying could increase May and June iPod sales.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. e:leaf

    Joined: Dec 1969

    0

    leave it to the

    damn analysts to ruin the stock surge after Friday's 5th Ave. opening.

    Oh No!!! There will only be 50 million iPods in the wild rather than 50,500,000 that we had hoped for, and were expecting for no good reason other than pure, unadulturated, uninformed speculation."

    As if Apple stock hasn't taken enough of a hit since MWSF for no apparent reason other than the analysts relying on rumor sites and unrealistic expectations of a company which is in the midst of a major hardware transition. As a stock holder, I wish I could give a good b**** slapping to the analysts these days. I'm tired of watching AAPL slide at the whim of analysts.

    Fuckers.

  1. appleguy314

    Joined:

    0

    stock

    the stock is currently overvalued, that's why it's going down. Not because they shipped less ipods than expected. The RDF can't keep the kungfu grip on the market too.

  1. eldarkus

    Joined: Dec 1969

    0

    also

    stock price also dropped last week due to the Creative lawsuit... and Oil isnt helping much. Also remember there are fears of inflation, which drops most stocks... stocks have little to do with the company at some times.. just think long term.

  1. testudo

    Joined: Dec 1969

    0

    more stock

    I thought the stock price dived when the market dived last week, also.

    And Apple's stock price is over-valued (worth more then the company as a whole). This is done when the outlook is for growth. If growth is waning, you would expect the stock price to do the same.

    damn analysts to ruin the stock surge after Friday's 5th Ave. opening.

    Man, I hope that's not why the stock "surged" (surging meaning returning to the value it was a day or two before, after it dove downward). The store opening is pretty meaningless in the grand scheme of things.

Login Here

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

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Patriot Supersonic Rage XT 128GB USB drive

USB thumb drives are getting larger by the day, their growth speeding along with the availability and expansion of memory chips. But h ...

Autodesk Smoke 2015

Since May of this year, Autodesk has been shipping the highly anticipated update to its high-end post-production video editing suite, ...

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

toggle

Most Commented