Apple's December quarter "on track"
updated 12:40 pm EST, Thu November 2, 2006
Apple is "on track"
Despite Apple's recent appreciation, American Technology Research senior analyst Shaw Wu believes the Cupertino-based company will see sizable upside ahead of MacWorld Expo in January of next year. "We see several catalysts over the next few quarters including: Mac OS X Leopard in the first half of 2007 that will help maintain strong Mac momentum, iTV launch in the first quarter of 2007, movie content partners beyond Disney, new iPod features including widescreen and wireless Bluetooth capability, and cell phones sometime in 2007," said Wu. The analyst is comfortable with a December quarter forecast of $6.1 billion in revenue and $0.72 in earnings-per-share vs. Apple's guidance of $6.0-6.2 billion and $0.70-0.73. "We are modeling 14 million iPods and 1.8 million Macs." American Technology Research reiterated its 'Buy' rating on Apple shares, suggesting investors take advantage of recent weakness to add to positions.
