financial/investor
08/07/2006, 6:25pm, EDT
Monday, August 7th
WWDC announcements "expected"
Gene Munster, senior analyst of Piper Jaffray today spoke on Wall Street's disappointment due to Apple's announcements falling within expectations. "We believe the best approach to looking at Apple's product roadmap is to focus on a 6-9 month timeframe. While many rumored products were not announced at WWDC, we believe most of the products, including new iPod nano, video iPod, iTunes film downloads, and iPhone will be announced within 6-9 months." The analyst highlighted the fact that Apple raised its low price entry point by starting its Mac Pro line at $2,499, and reiterated Apple's quick Intel transition. "The Mac Pro completes the Intel transition, which spanned 210 days in total, as Apple moved all of its Mac offerings to Intel based processors."
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The entry point is around $2,125 because we can downgrade the proc to 2 ghz and the HD to 170 GB.
they're morons one and all.
And a lot of people actually look at the starting price, not the 'lowest possible price-point'. Why couldn't apple start it at $1999 and let you just work the way up? That way they wouldn't have everyone saying they've raised the low-end price (which, BTW, THEY DID!).
Right, exactly what was said "today spoke on Wall Street's disappointment due to Apple's announcements falling within expectations. "
The problem is that this isn't what "everyone" was expecting. Rumors were swirling all over about new iPods, movie services, etc. Analysts and wall street always expect more then what they get. Its what they want.
And keep in mind that Apple's recent fortunes are basically are now focused around the iPod and the iTMS, not the macs. Macs are nice and all, but the people know the iPod.
analyst can go.... forth and multiply with themselves. i hate these ignorant bozos and their "analysis" which has a direct impact on some of my financial interests.
That's right, except its these same bozos who drove the price up to close to $70. Why? Because they were expecting/hoping for more at WWDC. So when it didn't come about, they sold. The price went up on expectation and down on the lack of expectation. You're problem is you think all the ups are based on wise intelligence and the downs are just bozo investing. Yet the ups are as much based on bozos then the downs.
And if you're financial picture is getting screwed up by the bozo investors, don't you think that you need to start investing based on how the market's going to move (i.e. what the bozos are going to do) then trying to base it on some supposed 'sound' financial analysis?
And what did this analyst say? What was announced was expected. He expects that the expected new products will be released/announced in the next 5-9 months. What else do you want him to say?
Why bring up MS? Are your analysts running around screaming "Buy MS! Buy MS!"? Not that I've heard.
All you people ever want to hear from analysts is "Steve is God! Apple is the greatest company ever! If you don't buy their stock, you're idiots!" and if they don't say exactly that, its all "They don't know what they're talking about".
BTW, it was WALL STREET'S disappointments, which includes brokers and traders, not the analysts per se.
And what about the rumors swirling that the reason there was so many people demonstrating today to help set the stage for Steve's eventual passing the torch? How much do you think THAT will hurt Apple, because if you think that's coming around, I'd really consider selling short, because Steve's the only guy keeping that company on message (whatever that message might be).
Huh...