Analyst: iPod, Macs pushing stock to $210
updated 10:40 am EST, Tue December 4, 2007
iPods, Macs pushing stock
Apple guidance formerly thought to be too optimistic has been proven to be conservative, says analyst Shaw Wu of American Technology Research. iPod sales are ahead of expectations, with accelerated sales of the iPod touch and third-generation Nano compensating for slowdowns with the Classic and Shuffle; an ASP of $164 is being modeled, up from $162, compared to the typical decline in ASPs this time of year. Mac sales are meanwhile expected to reach 2.3 million, instead of the consensus 2.2.
Less favorable outcomes include lower sales in Europe due to high costs and bad customer service, and iPhone sales just under the consensus of 2 to 2.1 million units. This is still near 79 to 88 percent quarter-over-quarter, however, and combined with iPod and Mac sales, is leading AmTech to raise stock estimates; the new prediction is a climb to $210 within six to 12 months.
classic sales
12/04, 11:35am reply
I just hope they don't misinterpret the "slowdown" in sales of the iPod classic as an indicator of lack of interst in HD iPods. I think it's because of a poor design (in fact, the worst iPod yet). Slow UI, lost compatibility with many Apple and 3rd party accessories and no new features worth (other than the previously mentioned slow UI). I really wanted to by a classic, but instead went with a new 80 GB 5.5 Gen iPod Apple is still selling on their online store (in the clearance section). It's cheaper than the 80 GB classic and offers far more functionality.
ender
Fresh-Faced Recruit
Joined: Mar 1999
I don't agree
12/04, 01:02pm reply
I just bought a 160 GB Classic - it does everything I want it to - store and play lots of music. I don't care about using Coverflow (which is the only "slow" part). The accessories will come - the lack of compatibility with old accessories hasn't hurt Nano sales.
The report for Black Friday was this (analyst estimate): of all iPods sold, 38% were Nanos, 19% Classics, 19% Touches. Even if that spread increases some, I wouldn't say the Classicis a failure.
elroth
Fresh-Faced Recruit
Joined: Jul 2006