Apple Computer (AAPL) today rose $1.04, to a new all-time high $53.68 in morning NASDAQ trading.
Before market open, analyst Shaw Wu of American Technology Research raised his September-quarter estimates on Apple from a profit of 36 cents a share on $3.6 billion in revenue to a profit of 39 cents a share on $3.7 billion in revenue.
Wu said American Technology Research’s industry checks suggest Apple’s Macintosh sales are doing better than expected due a strong back-to-school selling season.
In addition, analysts at Deutsche Bank have initiated coverage of Apple Computer with “Buy” recommendation.
Mr. Enderle, paging Mr. Rob “surveys indicate demand for Apple’s products is dropping like a rock due to Intel switch, fourth quarter should be ugly” Enderle?
Related articles:
Tech Pundit Enderle: ‘fourth quarter should be ugly for Apple’ – August 09, 2005
Enderle: ‘Surveys indicate demand for Apple’s products is dropping like a rock’ due to Intel switch – August 01, 2005
Apple Computer shares hit new all-time high – September 19, 2005
Apple continues to grow worldwide Macintosh market share – July 25, 2005
Gartner: Apple grows shipments 31 percent in Q2 2005, moves from 5th to 4th in U.S. market share – July 18, 2005
IDC: Apple gains U.S. market share at double overall market rate, up to 4.5 percent for Q2 2005 – July 18, 2005
“dropping like a stone” my ass!
Great news; go by a new Mac
MDN magic word: cost – Macs cost less in the long haul…
another happy stockholder
yahoo, first post!
so, what happened to that whole “ohh, apple dropped the intel bomb, and so mac sales are going to plummet!” BS?
(this written from a brand new g4 ibook)
” width=”19″ height=”19″ alt=”wink” style=”border:0;” />
mw: right, as in, “even though intel macs are just around the corner, i feel i’ve done the right thing by purchasing this ibook.”
A little late to jump on the band wagon…
I pinch myself every day for not buying shares when they were $12.
i mean, yahoo, fourth post!!
oh yeah…
we’re not going to get that
“Apple stock hits all time high” are we…
the stock was $80+ last winter…
It’s hilarious how every time one of these moron anal-ysts predicts doom and gloom for Apple, they have to completely reverse field just a short time later. Whether is iPods or Macs, it never fails. LOL
$ 44,437,342,950
… before the stock split you mean …
it has split since then.
Shaw Wu? Isn’t this the guy that said iPod nano sales were off and not as high as expected? Uh, oh.
So how high does Apple have to go, and how low does Microshaft have to go, before Steve Jobs can do a leveraged buyout of MS. Then he can either shut them down, or have them do it right. Also, Bill Gates can be committed to either a home for the feeble-minded, or an asylum for the criminally insane.
My new G5 should be arriving tomorrow!
It may be a base model (duel 2Ghz), and be about to be superceeded by an upgraded model, but it’s better than my current mirror G4 so I’m very happy ;^)
It is clear that Mr. Enderle is attempting to acquire Apple stock. He makes a doom and gloom prediction to try to get the price to drop a bit, buys a few shares and then waits for Apple Reality to bring the stock price up.
I don’t know if it’s working for him or not but I am acquiring as much of the stock as I can get. I see nothing but upside potential for Apple over the next three years, esp. as they roll out the new Intel-based hardware.
GO APPLE!!!
Current Market Values:
MSFT: $279,923,007,780
HP: $84,367,279,750
Dell: $81,992,277,000
Apple: $44,212,298,440
SONY: $36,198,940,800
Gateway: $1,035,550,350
Real: $963,534,330
Creative: $634,678,200
Napster: $181,398,240
I think Steve’s recent comments about the Mac’s glass ceiling is strategic. Glass shatters.
Apple’s Market Value in August 1997…
(The low point – “Apple is dead” articles daily – Wired “Pray” cover – Apple has just purchased NeXT – Steve Jobs just back at Apple as “special advisor,” not yet Apple’s iCEO – Microsoft purchases $150 million worth of nonvoting Apple stock)
…was around $3.3 billion.
gmel, perhaps you should do a follow-up post acknowledging that you don’t understand the capital markets……
I love my AAPL
Clearly Apple should just buy Creative and sink it.
I have that Wired “Pray” issue in plastic and out. I love reading some of their suggestions for saving Apple. Some came true, others were just ridiculous folly.
Who would have thought that when AAPL hit 34 just a few months ago that it was a bargain at that price.
MDN? Paging MDN?….
MacDailyNews Take: It sounds like Enderle is referring not to Apple’s fiscal fourth quarter (Q4 05) which ends on September 25, 2005, but the fourth quarter of 2005 (Oct. 1 – Dec. 31, 2005). We’ll be very interested to see if Apple’s Mac demand “drops like a rock” during 2005’s holiday shopping season. If it does, we’ll gladly credit Enderle for breaking the news.
According MDN’s own take from earlier, we still have another quarter to go before gloating….
Mr. Enderle, er, zupchuck,
Why delay the gloating when it’s patently obvious that Mac demand is not dropping like a rock? Mac unit sales are growing and the average person doesn’t give a hoot what processor is inside – they’re buying the Mac, not the processor. And Macs are “cool again.” Thanks, iPod.
I bet you right now that Mac units sales increase year-over-year in BOTH Apple’s and the calendar 2005 fourth quarters.
AAPL back to doubling MSFT in price after the last split. Next up, DELL.
More importantly, it is my belief that Apple has finally earned enough respect on Wall Street to be a market influencer. A few years ago AAPL was at the mercy of the tech/PC industry as a whole. Now it can run counter to downward trends and not suffer much in price. Sometimes even advance. Thank you iPod/iTMS. ‘Bout Time!
Fork Ball,
Even the analyst, Wu, who was glowing about Apple even cautioned against the December quarter.
You are right, this quarter showed Mac sales increased. I certainly am not going to argue that. But I’ve worked in the tech industry long enough to see that one bad quarter can follow a solid one.
I merely pointed out that MDN is jumping its own gun. I didn’t write MDN’s Take, did I?
I’m not taking your bet. Don’t take that as endorsement or disagreement with your statement. Show me your confidence by posting confirmation of your Apple stock purchase today. That should be sufficient bet. You win if you’re correct.