Apple Computer (AAPL) shares fell 13 cents to $14.77 in after-hours trading Monday following Merrill Lynch reinitiating its coverage on the personal-computer maker with a “sell” rating. Merrill analyst Steve Milunovich said Apple appears to be dealing with a thin pipeline for new products and he expects the company to continue to lose market share. Milunovich also estimates that Apple’s December quarter sales should be $1.45 billion, or about $50 million below the consensus estimate of analysts surveyed by Thomson First Call. Interesting timing with Steve Jobs’ MacWorld Keynote today, eh?
Previous Post
Steve Jobs Macworld Keynote live coverage here2 Comments
Leave a Reply
Apple TV unveils trailer for the second season of ‘Criminal Record’
Apple TV on Wednesday debuted the pulse-pounding trailer for the upcoming second season of the gripping crime thriller “Criminal Record.”
M5 MacBook Air drops to record low $949 on Amazon
Apple’s sleek and powerful 2026 M5 MacBook Air has barely been out for a month, but it’s already seeing impressive discounts…
Apple’s first foldable iPhone still on track for September launch – Gurman
Apple’s first foldable iPhone remains on track for a September launch this year, according to Bloomberg News’ Mark Gurman…
Apple TV film ‘Outcome’ captures Keanu Reeves’ character at center of image crisis
In Apple TV’s dark comedy film “Outcome,” Keanu Reeves stars as Reef Hawk, a beloved Hollywood movie star whose meticulously…
Apple said to name its first foldable smartphone ‘iPhone Ultra’
Apple is widely expected to unveil its long-rumored first foldable iPhone later this year, and a fresh leak suggests the device may carry…
Do you expect accurate info from a broker!
Merrill is hardly a credible authority on much of anything anymore. CNet, which broke the story on the Internet, should get a thorough tongue lashing for NOT qualifying their source, which has about as much integrity as Arthur Anderson.
The Register does a very good job of putting them in their place:
“Merrill paid $100 million in fines for hyping stocks it privately regarded – as “dog” and “piece of shit”, and the analysts continue to beat up on successful R&D spenders like EMC and Sun Microsystems, who like Apple, all seem to be weathering the recession very well. (We discussed some of the analysts flawed logic here, and here. Eliot Spitzer’s pursuit of the Wall Street swindlers has generated much interesting reader debate here, here and here).
http://www.theregister.co.uk/content/39/28765.html