Text Size

Citigroup, Goldman Sachs conflict on Apple stock

updated 09:40 am EDT, Wed October 1, 2008

Citigroup vs. G. Sachs

New analysis of Apple's difficult financial situation has yielded two significantly different views. Richard Gardner of Citigroup has cut his price target for Apple stock by more than $100, down to $170 from $287. Blame is laid on a 3 percent decline in industry computer sales, and a 12 percent drop in music revenue throughout 2008. Apple's guidance, normally thought by analysts to be too conservative, may in fact prove accurate for the fourth quarter, Gardner suggests.

An EPS of $5.29 on sales of $32.68 billion is now predicted for FY08, which is just coming to a close, while FY09 figures are expected to produce an EPS of $5.43 off of $35.2 billion. Because Apple is set to grow, Gardner is still issuing a buy rating, with the observation that the company will likely outperform most rival computer, electronics and phone makers.

An analyst for Goldman Sachs, David Baily, has meanwhile kept to a higher stock target, at approximately $200. Monday's share slide more than compensated for any worries about growth in Mac sales, Baily contends, and Apple should be buoyed in the fourth calendar quarter by the iPhone. Shipments of 4.6 million iPhones and 2.7 million Macs are currently predicted for Apple's September financial quarter.

 
Previous Comments

Stupid Stocks

10/01, 10:16am reply

Ya everyone of them has been "right" for the last Year. Every-time they put out these fictitious numbers Apples Stock goes down. Look at the names GS,CG,GG they are all corrupt. Your stupid to buy into the market now.

majormauser

Fresh-Faced Recruit

Joined: Mar 2008

0

The industry is NOT APPLE

10/01, 10:36am reply

Yea, the industry, but that's not Apple. Apple has been in a league by itself for the last two years beating all estimates that any of these IDIOTS have thrown. Apple has innovative products while the industry has the same old same old. Windows c*** that doesn't work or barely works if you can fend off the spyware and viruses everyday. And these people are the very same people that have probably caused are financial crises and are begging the government to bail them out. I bet that Apple beats the expectations AGAIN!

horvatic

Fresh-Faced Recruit

Joined: Apr 2002

+5

difficult

10/01, 10:39am reply

Apple is not in a "difficult financial situation". On the contrary. Apple is positioned to ride out this crisis of liquidity much better than many of America's Fortune 500 firms. The CEO of AT&T said his firm is having trouble borrowing funds needed for operations. In contrast, Apple has $20B in cash and other current assets. Using the phrase "Apple's difficult financial situation" is a strange choice of words to explain the drop in Apple's share price over recent days.

sgirard

Fresh-Faced Recruit

Joined: Aug 2005

+8

difficult...

10/01, 10:40am reply

...financial situation? WHAT?!?

they have $20B in the bank, have packed retail stores (yes, even now), consistently release successful products and they are highly profitable, you idiots. what difficult financial situation?

the banking system finally tanks after decades of abuse, the stock market over-corrects and suddenly apple is in a "difficult financial situation"? even amidst the current chaos, they are still targeted for increased (that means "going up"), earnings and EPS. increased.

MacNN, please find someone who has at least graduated middle school to start writing/editing for you. please.

rtbarry

Fresh-Faced Recruit

Joined: Aug 2001

+6

Stock Drop

10/01, 10:49am reply

I guess I am an idiot. How does a 3% drop in PC sales relate to a 35% drop in their projected stock value. Especially
when Apple sales are unlikely to be as adversely effected as other companies.

ClevelandAdv

Fresh-Faced Recruit

Joined: Jul 2004

+2

3... 2...

10/01, 11:29am reply

(counting down to pointless, contrarian comment from testudo)

rtbarry

Fresh-Faced Recruit

Joined: Aug 2001

-3

Invest

10/01, 01:05pm reply

This is the prime time to invest!!!! If you believe that the economy will recover next week. It is the perfect time to invest if you think the economy will recover in 5 years. It all depends on when you want or expect to cash out.Buy Low sell high. I know of a few banks that are having a fire sale!!!

mmmdoughnuts

Fresh-Faced Recruit

Joined: Feb 2006

+2

the wall

10/01, 03:09pm reply

but some PC companies are definitely going to the wall, especially as their mainstays - faceless corporate clients cut back on spending - that is going to make the computing landscape interesting again

chucker

Fresh-Faced Recruit

Joined: Mar 2007

+2

check ur awareness level

10/01, 03:13pm reply

URGENT AWARENESS IS NEEDED!

=================================
COPY & SEND EMAIL TO EVERYONE!
=================================


Congratulations, you are about to learn some of the biggest secrets of about your country & the proposed future world. We the people, need to act fast because they [private organizations] are acting faster than you think!

JFK REVEALS SKULL AND BONES SECRET SOCIETY
http://www.youtube.com/watch?v=-kX0sLFXR0Q&feature=related

America WAKE UP!!


http://www.zeitgeistmovie.com/

Born into the slavery of the PRIVATIZED monetary system (NOT UNDER TRUE GOVERNMENT CONTROL/ASSETS), without your awareness, it is now up to you to spread the knowledge and commit to re evaluating our existence.

Vote for H.R 2755 Federal Reserve Abolition act - As President John F. Kennedy intended when he signed EXECUTIVE ORDER 1110 to eliminate the CFR, IRS, and Federal Reserve from Global tyranny!

Also Presidential Canididates are appointed "compliant" by the CFR & Federal Reserve, as you will soon learn below... Do a "write in" vote for Ron Paul.

http://writeinronpaul.com/services

-------------------------------------
LINKS TO BURIED KNOWLEDGE
-------------------------------------


Intro to the situation right now
http://www.youtube.com/watch?v=PoxlzPGIPt4&feature=related



The Most important thing you need to know - The Purpose of NWO
http://www.conspiracyarchive.com/NWO/CouncilForeignRelations.htm

New World Order includes
England
France
Italy
Germany
Switzerland
USA
...and who knows who else?

Alex Jones asks a question that gets him arrested!
http://www.youtube.com/watch?v=aoyndoplUM


Now, do you have ANY idea YOUR country's Think Tank has been up to?
http://www.youtube.com/watch?v=Pm431GpFNsI&NR=1

Wikipedia Operation Northwoods
http://en.wikipedia.org/wiki/Operation
Northwoods

Sounds Familiar right? (9/11- inside job!)



Federal Reserve Purpose
http://www.youtube.com/watch?v=BPU8w7Bxc0A

Truth exposed by Ron Paul
http://www.youtube.com/watch?v=A4kxTkhwRQ&feature=related


The Illuminati Circle EXPOSED

Everything listed here is a private organization somehow related to the founders or co-founders, the Rockerfeller mafia (family) circle. Yet they are convinced they have a plan for the whole world!

They are as federal as Federal Express, which means we can revoke their right to power since they are nothing but a private organization, no government agencies.

By creating our own money system & banks. We can kick the federal reserve's asses out of existence and restore true Democracy once again in the USA!

Then we won't need a civil war, but if the people need to fight for their lives, you bet we will organize and reach for the inner light & guidance to preserve the power to the good majority of people!


Skull and Bones - 322 Yale Secret Society, started as an Anti-Freemason group
http://www.youtube.com/watch?v=cW9RtfIiMog&feature=related

Council of Foreign Relations (CFR) - Wikipedia
http://en.wikipedia.org/wiki/Council
onForeignRelations

CFR Media Control
http://www.youtube.com/watch?v=JPlvdSQ6cAM&feature=related

Trilateral Commision
http://en.wikipedia.org/wiki/TrilateralCommission

Bilderberg Secret Meetings
http://www.unitypublishing.com/Newsletter/Bilderburg.htm

Bilderberg Wikipedia
http://en.wikipedia.org/wiki/Bilderberg
Group

Commission on Global Governance
http://en.wikipedia.org/wiki/CommissiononGlobalGovernance

Race to the top, Muli-National Corporations (MNC) - Controlling the Government
http://en.wikipedia.org/wiki/Multinational
corporation

Population Council - Biochemical Capabilities
http://en.wikipedia.org/wiki/PopulationCouncil



What are you thinking about right now?
Don't let their plan carry out!



Look at what happened to the last real president -JFK
http://www.youtube.com/watch?v=yLiF4Jwvb0o&feature=related


Country's bloodline runs on fear


Just to add to the awareness...

Check your Air - Chemtrails
http://www.youtube.com/watch?v=aL35Mu
uHho&feature=related

Drugs in our Water? WTF!?!?
http://www.youtube.com/watch?v=qGWWarqyp8I

We got to show 'em who's boss = R3VOLUTION

Guest

Fresh-Faced Recruit

Joined: Nov 1999

-9

hey

10/01, 03:57pm reply

You can call me annoying, but at least I don't post stupid spam of youtube videos and call them 'proof' of something, all while under the disguise of a guest!

testudo

Fresh-Faced Recruit

Joined: Aug 2001

+3

Popular News