02/25/2008, 8:35pm, EST
Monday, February 25th
AAPL to grow due to Macs, not iPhone, iPod?
Apple's Macintosh computers will play a bigger role in the company's growth than the iPhone and iPod, according to industry analysts. CNN Money reports that BMO Capital Markets analyst Keith Bachman today cut Apple's stock target from $160 to $140 per share. Bachman says that the iPhone's growth is slowing and he remains skeptical on Apple's target of 10 million units sold; his own forecast sees Apple moving around 8.5 million iPhones.
Bachman sees the Mac increasing marketshare, and raised his estimate of 8.2 million units sold to 9.4 million. He also raised quarterly estimates from 1.87 million to 2.06 million.
The iPod shows signs of stagnation due to a likely saturated market, noting that the 22 million iPods sold during the January quarter is only five percent higher than the year ago quarter. This is short of forecasts all throughout the industry, and Bachman has lowered expected sales from 54.6 million iPods sold to 51.1 million.
Bachman says that Apple could recover some ground on the iPhone by introducing less expensive models, as well as opening the device to more carriers.
Filed under: iPod, iPhone, Investor, computers, industry, Apple
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Yeah, far be it from an analyst to actually analyze.
Seems like analysts are worse than meteorologists these days, and paid a lot more for being a lot less accurate. I guess it's the attention grabbing theories that draw eyes, shares, and make the big bucks.
I'll say one thing for NN, they have the knowhow and shameless characteristics for just that type of reporting.
First of all, there is a link to the original story. Second of all, financial analysis is opinion based on data and experience.
Now, I suspect that these analysts are reasonably qualified and experienced to do their jobs, or else they would not be in positions to provide guidance to investors who have billions at stake. The question I have for zinkdifferent and danviento is, what qualifies you to simply debunk this analysis other than an apparently inflated opinion of your own beliefs?
So if you don't like the analysis out there, why don't you go into business and do a better job of it. Let's see how you get on.
Right now there are some financial commentators and analysts predicting global recession, whilst others may be saying that the global markets will pick up again by the end of the year. I doubt whether either of these would be seen as an attempt to manipulate the market, especially as a single voice should never be used to influence your trading strategy. And if more than one analyst is saying something, then it's less likely to be price manipulation.
According to Warren Buffet, when's the best time to sell a stock? Never.
Hmmm, yet they would've been right....
It's all so...
ODD
"financial analysis (despite the name) is very subjective"
I do believe that is the point, no?