“Banc of America Securities said Apple Computer had a ‘good’ fiscal second quarter and estimates. Banc of America noted that Apple is gaining traction in systems and outgrowing the market by four times, ‘consistent with our long-term model.’ But the research firm noted that although Apple believes it gained market share in MP3 players February, Banc of America believes share gains slowed in March. ‘[W]e were very disappointed in the iPod unit demand, especially since the Shuffle had solid growth (from nothing) out of the block,’ the firm said,” Forbes reports.
Banc of America, which rates the company at ‘buy,’ added that ‘Apple’s weak unit sales mean we need to review our MP3 market estimate of 50 million units this year and 60 million in 2006.’ The firm raised the 2005 earnings estimate on Apple to $1.29 per share from $1.06, and raised the 2006 estimate to $1.40 from $1.25, but trimmed the 12-month price target to $47.50 from $48.50 on the compressed valuations of peers and ‘new concerns around the MP3 market,'” Forbes reports.
Full article here.
analysts are such morons.
they create nothing, add nothing of value to the economy.
like film critics.
I don’t undestand at all. Do I need to become a student again? Or do they?
Right, elvispanda, but gotta do something with all those superfluous MBA earners.
Apparently a >500% growth in sales is not enough for some people.
From what I can see, the market – having over-hyped the stock to its current dizzy levels – is now actually realizing how far up they are and that it doesn’t need to go higher, for now.
all this analytic fud is being created to keep apples stock from going thru the roof and embarassing all other pc makes as far as i’m concerned. if they keep the stock at a moderate price it allows them to buy more stock. good for me cause that’s just what i did.
Come onnnnn, you knew it would be this way!! I mean, there’s always at least one stick in de mud!! Kind of like Janeane Garofalo is for the Dems.
But seriously, no matter what Apple does, it’s never enough for these clowns. As others less-informed than yours truly have said, Apple could bring tabletop cold fusion to de market and these monkeys would complain that it’s “a little noisy”. Or “shouldn’t be white”. Or “weighs too much”.
Hah — weighs too much. There I go talking about Balmer again! I can’t HELP myself!
. . . oh, and of course . . . Yeh-hesssss . . .
I POOP on him!
Balmer. Or Ballmer.
Ehh, tomato, tomahto. Actually, he kind of looks like one when he sweats . . .
The analyst are making money out of dumping the stock.
They sell their blocks, dropping the price precipitously as a result and then buy back tomorrow causing the price to rocket again.
It’s either pack mentality or colusion. The latter is illegal, but I bet it is happening.
The were wrong when the present opinions previously, so we should trust them and their opinions now. (sarcasm) Right.
uhhh…. when did BANK of America
become
BANC of America
Maybe someone should tell them to change their signs
My God what will happen if Apple actually ever has some bad news? Pretty much a lot of the analysts seem to be saying, yeah they did better than everyone expected but not as absolutely unbelievable as they could have done. Sure it was 120% of estimates but it COULD have been 130%.
(percentages just for example)
SHEESH. Well, another buying opportunity.
How does 5 million iPods sold become disappointing?
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500% increase in sales bad? Idiots!
“My God what will happen if Apple actually ever has some bad news?”
It did. Remember that Apple had a bad quarter around the time of the Cube, and cratered from 70 or so down to an ultimate low of around $11 a share. It took them over 2 years to recover. (I know, I’ve been a shareholder for many years).
Analysists are frequently the biggest know-nothings around. So much of what they say is pure hindsight after-the-fact. What’s sadder are the lemmings that follow anything these boobs say.
Dood –
Banc of America is Bank of America’s investment services branch.
I’ve seen other banks do this, too. Why? Beats me.
Apple has 90% of the hard drive MP3 market and 43% of the flash memory MP3 market (which happened in one quarter) which means all the other makers share Apple’s scraps. There is the potential for sustained growth quarter to quarter for the next two years even further cementing Apple’s grip on the market. Let’s not forget that Apple had a better quarter after Christmas and is leading the industry.
What more can these fools want? Apple to buy Microsoft? I don’t think so. These people have hidden agendas and like making these non-sensical comments to drive the price down so that they can alter their comments and make money for their clients quarters down the road.
Oh no! Apple’s share gain “slowed”, meaning that Apple’s market share acceleration rate has decreased. But that means Apple still increased their velocity of growth meaning Apple still increased their market share of overall MP3 player unit sales. Does that idiot analyst think that MP3 players are an infinite market with an infinite pool of potential buyers?
MDN Magic Word “take”, as in this analyst penned this after he stopped to take his profits.
Like others have said…
These analysts are worthless. They are bad at their jobs…. and they are unneeded…
Making crap reviews like this only goes to show that they believe that their ideas are relevant.
i was wondering the same thing. didnt they sell something like 5.1 million iPods the quarter AFTER xmas AND sold more than they did during that quarter? hmmm i don’t understand some of these companies. were they being sarcastic? I see 1.1million macs sold, way more than last year, and 5.1 million ipods, way more than even 1 quarter ago. <scratches head and is confuzzled>
Aren’t these the same analysts who, a few days ago, said AAPL would disappoint and not reach 0.28/share? If I was as good at my job as they are, I’d have been fired a long time ago.
One of these days ipod sales will not match last quarters…then watch apple stock drop….gulp!!!!
the funny this is they say they’re disappointed in iPod DEMAND?!
Uhmmmmm… The iPod Shuffle is backlogged (it took my friend about 6 weeks to get his from the website).. which tells you they’re supply is constraining unit sales.. DUH!
They’re dorks.. why don’t they just come out and say it.. iPod Demand is spectacular.. and Apple has to work very hard to keep up!
So let me get this straight. They’re disappointed after Apple sold MORE iPods in the quarter AFTER Christmas than they sold in the quarter that INCLUDED Christmas? And I’m sure they would have sold more if production was ramped up completely. I was at Target a few weeks ago and heard at least three people ask if they had iPod shuffles in stock in less than five minutes (they didn’t).
These guys are absolute morons. I agree, hidden agenda.
I keep getting “poop ups” from the MDN forum. Even PithHelmet isn’t stopping Triumph’s posts!
WTF????
Apple sold over 5 million iPods this (non-Christmas) quarter. If they keep it up – that’s 20 million iPods this year. If you estimate that 60% of those were sold in the U.S. – that’s 12 million in the U.S. If there are 300 million in the U.S. – that means 1 out of every 25 people in the U.S will buy an iPod THIS YEAR. What do these people want? An iPod is not a McDonalds Hamburger where someone might buy several a week. I’d say an iPod will last approx 2-3 years. That would mean soon apporx 1 out of every 8 – 13 Americans will own an iPod – that is fucking amazing!!! (I know – I know – some people might own three – others will never buy an iPod – but those are amazing numbers!!)
Apple is squeezing camels through a donut now…just how more big of a miracle do these doofus analysts expect. Heck, I think I’ll become an analyst…I think even I can see the real picture better than them.
Apple must blow the doors off the technology mothership every quarter to survive, and for petes sake, they are doing it, and this is
what they get in return! Ugh!