Analyst Shaw Wu of American Technology Research has upgraded Apple Computer to ‘buy’ and raised his target price to $63 from $48. In a research note offered to clients this morning, Wu mentions that Apple currently has robust product momentum.
Apple’s significant competitive advantage, driven by the company’s integrated hardware/software/service approach (read: Appel contorls the whole widget), has been strengthened, Wu mentions in his note.
American Technology Research estimates that Apple will be able to meet or exceed 9.4 million iPod unit sales for this quarter, given the recent launch of video capable iPod.
The New iPod with Video. The ultimate music + video experience on the go. Buy it now at the Apple Store. From $299. Free shipping.
The New iMac G5 – Built-in iSight camera and remote control with Front Row media experience. From $1299. Free shipping.
More realistic price target in our opinion than BofA’s $52, but, boy, these analysts sure expect Apple to move a lot of iPods this quarter, don’t they? Are these unrealistic iPod estimates of 9.3-9.4 million between BofA and ATR or do you think Apple can hit (or exceed) numbers like this on the holiday quarter?
BofA analyst: Apple video play an ‘evolutionary opportunity,’ 9.3m iPods to be sold this quarter – October 17, 2005
Apple has the potential to change not just the audio industry, but the whole entertainment industry – October 17, 2005
Advertisers welcome Apple’s iTunes Store commerical-free content – October 17, 2005
New York Times writer can’t think different: ‘video iPod may not be ready for prime time’ – October 17, 2005
Podfather: iPod porn is going to be huge – October 14, 2005
Forrester Research: Apple transformed music distribution, now it is doing the same for video – October 14, 2005
Get ready for the iPod video torrent search sites – October 13, 2005
Apple’s new iMac G5, iTunes 6, iPod video designed to bait Hollywood – October 13, 2005
Apple video iPod+iTunes could create mass audience for video on the go, despite studios’ misgivings – October 13, 2005
Using QuickTime Pro to create videos for playback in new Apple iPods – October 13, 2005
Analyst: Apple has just produced ‘the tipping point’ for entertainment content – October 13, 2005
Apple’s video play likely to unsettle movie, TV, advertising and retail markets for years to come – October 12, 2005