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Piper: investors expected more from Let's Rock

updated 09:40 pm EDT, Tue September 9, 2008

Piper report Let's Rock

Piper Jaffray followed up the Let's Rock event today, suggesting it had a negative impact on short term investor expectations, but long term outlook is still promising. Many investors have been waiting for Steve Jobs health to improve, but he didn't show any improvement from his appearance at WWDC. Although the updated iPods were welcomed, there is still anticipation for the next Mac portables.

Apple shares were down 6 percent last week as analysts presented a more conservative outlook for the event. This has not been uncommon for Apple stock, historically dropping a few percent before September events. Piper noted that the long term outlook is still solid, citing an average 41 percent gain in share value from the day before September events through the holidays (4 months).

Apple is still expected to unveil updated Macbooks and Macbook Pros, presumably in the fall. The lower pricing and redesign of iPods will help Apple hold its dominant position in the media player market, an important step to make before holiday shopping.




by MacNN Staff

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Comments

  1. bobolicious

    Joined: Dec 1969

    0

    Ecstatic over Nano...

    ...myself - lighter, more capacity & features than the last two versions - despite owning 3 various iPods already I'm ready to buy - apple is right on the mark for me this round !

  1. elroth

    Joined: Dec 1969

    -1

    Jobs was better

    I'm skeptical of the new nano - the fat boy fits in my hand perfectly (I only use it for music). I'll have to see it in person. And I'm very skeptical of the changes in iTunes - especially the loss of album view, and all the extra bling that I don't want (genius playlists, more sharing links). Apparently some preferences for managing the iTunes library have been taken away also. I'm not updating for now.

    I thought Jobs looked better than he did at WWDC. He's still thin, but his demeanor was better. At WWDC he made some mistakes, and had some stuttering - he wasn't on top of his game. Today he was much better, I thought, though he was more subdued than at some of his older presentations. Of course, there wasn't that much for him to get really excited about.

  1. elroth

    Joined: Dec 1969

    0

    note

    I'm wrong about losing album view - there's a way in list view (clicking on an arrow) that brings back album view. That's a relief.

  1. TomSawyer

    Joined: Dec 1969

    +2

    ANALysts expectations

    They are forever "what if"ing and when they predictably miss the mark lay the blame on the manufacturer for "falling short." You'd think these folks were politicians...it's always someone else's fault that their clairvoyance has been erroneous.

  1. byRyan

    Joined: Dec 1969

    0

    pony!

    And I wanted a pony! why didn't apple release the iPony. waaaaa. I am disappointed too.

    and Jobs does look thin - he should eat more fattening foods, like steaks, and fried chicken and fast food high in transfat... s**** his moral objection to eating animals - he has stock holders to appease!

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