“Banc of America Securities reiterated a ‘buy’ rating and adjusted estimates on Apple Computer. Banc of America raised Apple’s earnings-per-share estimates for 2005 and 2006 to $1.32 and $1.44, respectively, from $1.29 and $1.40. Apple reports fiscal third-quarter earnings on July 13. The research firm forecasts sales 5.4 million iPod units and CPU growth rates of 26% to 28%, respectively, for the fiscal third quarter… Banc of America believes that demand for the iPod Shuffle has been weak while demand for the iPod mini has shown strength. “We expect a new Shuffle in the next few months, and believe an LCD-based refresh is needed.” The research firm said that demand for the iMac has been solid while demand for the Mac mini has been weak,” Forbes reports.
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