“Piper Jaffray senior research analyst Gene Munster maintained a rating of ‘outperform’ on Apple Computer, saying the company is poised to post results that are in-line to slightly above expectations for the March quarter,” Kate DuBose Tomassi reports for Forbes. “‘Specifically, our checks with Apple specialist resellers last week indicated that they are not experiencing a significant slowdown in Mac sales’ due to customers waiting for Intel-based Macs, according to Munster. As for iPods, availability is ‘significantly better’ than it was during the previous quarter, and iPod demand is down ‘slightly,’ but not significantly, from December 2005 to March 2006. Based upon iPod NPD unit shipment data, the analyst said he believes that Apple is ‘on track to meet or slightly exceed our iPod unit assumptions.’”
Tomassi reports, “The analyst maintained an “outperform” rating on Apple shares. His 12-month price target for the stock remains $103.”
Full article here.
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