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 shares hit new all-time intraday and closing highs
In Nasdaq trading today, shares of Apple Inc. rose to hit a new all-time closing high. Apple’s all-time intraday high was also set today…
Apple TV’s ‘The Stormlight Archive’ series could run for 10 or more seasons
Apple TV is betting big on the next major fantasy franchise, “The Stormlight Archive,” securing the screen rights to Brandon Sanderson’s…
Join Bluey in the ultimate crossover on Apple Arcade in hit games Crossy Road Castle, stitch., puffies., Suika Game+, and Disney Coloring World+
The beloved characters from the Emmy-winning animated series Bluey are coming to Apple Arcade for a massive, limited-time crossover event…
Steve Jobs $1 commemorative coin sells out in minutes: Apple fans and collectors swarm the U.S. Mint
The internet lit up today as the U.S. Mint’s limited-edition Steve Jobs commemorative coin vanished faster than a new iPhone at launch…
Google Maps on CarPlay set to gain Gemini AI integration
Google is preparing to bring its advanced Gemini AI directly into the Google Maps experience on Apple CarPlay, according to code…
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