“Apple Computer Inc. shares rose to a new all-time high Monday on upbeat comments from several Wall Street analysts after a strong start to holiday sales of Apple’s iPod music players,” Rex Crum reports for MarketWatch. “Apple rose 39 cents to $69.73 in late trading in the wake of reports from Piper Jaffray analyst Gene Munster and Deutsche Bank analyst Chris Whitmore. Both analysts raised their price targets on Apple’s stock, while Whitmore also raised his 2006 and 2007 earnings estimate on Apple.”
“Additionally, JP Morgan analyst Bill Shope reiterated a positive view on Apple’s prospect for the current shopping season and beyond. The analysts’ views followed recent reports for Amazon.com Inc. that said Apple iPods claimed the No. 2 and No. 3 spots on the online retailers list of top-selling consumer electronics between Nov. 1 and Nov. 22,” Crum reports. “Munster said Apple’s strength continued into the post-Thanksgiving holiday shopping weekend, typically the busiest shopping period of the year. Munster raised his price target on Apple to $79, and, in a research note, said that “in addition to new and updated iPods, 2006 will be a significant year for the Mac line of personal computers. Munster expects Apple’s transition to using microprocessors from Intel Corp. for its Mac computers will lead to greater product demand next year.”
Full article here.
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It would be interesting to note how other contries like ENGLAND, Italy, Australia, China, Japan, etc. factor in on iPod sales. I mean, are 80% of all iPods being sold in the US or is it 20%? This is important because of the “China Factor”. Contries like India have huge booming populations and they are getting more and more industrialized. I hope Apple is focusing marketing dollars there as well as Japan.
Also interesting to note that AAPL traded over $71 today, marking an intraday high. It obviously has backed well away from that high but atleast the stock moved in that direction on a day when the Dow closed down over 40 points.
Munster also said he didn’t expect iPod sales to meet expectations on the street, which he feels are higher than demand. He may very well be correct, but he’s still predicting a good quarter for AAPL. He’s the most Apple savvy analyst, and usually pretty accurate.
Time for a stock split, no?
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I guess now they can refer to Apple as leaguering? ATTACK!
lea·guer, n.
1. A siege.
2. The camp especially of a besieging army.
i think apple IS leaguring, since they are putting others under seige. the others are BEleagured. right?
Does anyone have the previously posted corporate values handy? How long before Apple is bigger than Sony?
Booooo (cough, cough) ooooooo (hack) ooooo Yaaaa (hoarse, raspy voice)
aaaaaahhh (hack, hack) hhhhhhhh!
This is getting tiresome.
Excuse me, but “holiday sales” should read, “Christmas sales”.
Defender: not in the US. It is holiday sales as not everyone is celebrating Christmas during that very same period. Easier than listing all overlapping festivities during the last week of December.
Oh, for the love of God! It’s Christmas. CHRISTMAS. The holiday everybody goes shopping for is CHRISTMAS. Not Kwanza or Channukah or Jovian Whatever. CHRISTMAS!
iPodder, let’s not pretend. It’s Christmas!
Here’s some unapologetic truth for all of the lefty, politically correct, anti-Christian, multiculturists:
The overwhelming majority of Americans celebrate Christmas. The overwhelming majority of extra shopping dollars that flow into many businesses this time of year are from Christmas shoppers. (In fact, all of the other Christmas wannabe holidays *combined* don’t even show up on the radar screen in terms of shopping dollars.)
Christmas is the only one that has its own federal holiday. The other holidays are minor and just trying to piggyback off of Christmas. And why don’t you count the great works of art, music, literature, and film, that are all based on Christmas. Now go count those same categories for all of the other multicultural Christmas wannabes combined. Good luck finding anything from those culturally insignificant politically correct anti-Chirstmas “holdiays”.
Why can’t they find their own time of year and get some distance from Christmas so they can be properly ignored, as they truly would be if they all came in, say, April?
If someone is going to be offended one way or the other, then it really ought to just be that tiny insignificant minority, rather than the VAST MAJORITY. If someone doesn’t celebrate Christmas, well that’s fine with me. But they really need to get out of the way and get their hands off this special celebration that is important to nearly 90% of us. Got it? Good!