“Apple is being hamstrung by product transitions, but should start beating earnings estimates again later this year, Citigroup said in upgrading the stock to buy from hold Monday,” TheStreet.com reports. “The brokerage maintained its 12-month price target of $82. Apple closed Friday at $63.19, down 12% since the start of the year. The current price is 29.5 times the Thomson First Call earnings estimate of $2.14 a share for the 12 months ending this September.”
“Citi expects Apple to complete its transition to Intel-based microprocessors in August with the introduction of a new, dual-core PowerMac, with Intel-based iBooks coming as early as April. The brokerage also expects Apple to release a new video iPod in April. ‘We believe the medium- to long-term story remains intact,’ Citigroup wrote. ‘In short, Apple remains one of the best ways to play the digitization of music, photos and video. While [Microsoft’s] Vista may close the gap at the operating system level, Apple will maintain a lead with media management apps and on-line downloads… our modeling suggests that the company will begin to generate significant upside again beginning in the September quarter, once the product transitions are behind the company (assuming the current consensus estimates do not trend higher between now and then).’ In early trading, Apple shares rose $1.86, or 2.9%, to $65.05,” TheStreet.com reports.
Full article here.
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vista “close the gap” how, by trying to look similar – PAH
I’m still waiting for the intel Tower Pro Mac…
I’m still waiting for the intel Tower Pro Mac…
I’m still waiting for the intel Tower Pro Mac…
Loooong wait for ShortHorn,
Why?
Why?
Why?
When most pro apps out there won’t native on it until near 2007. Not to mention the chips they are probably going to use in it won’t be out until then eather. Just stop with it.
—-<<When most pro apps out there won’t native on it until near 2007. Not to mention the chips they are probably going to use in it won’t be out until then eather. Just stop with it>>—-
Hay Dude, softwares can always upgrade later, but hardwares you have to stick with it for at least few years down the road.
Gee, I’m supposed to take investment advice from a company that can’t even protect its customer PIN numbers?
Since when does a bank know Apple’s development schedule?
Sell all Citigroup stock.
MW “couldnt.” MW doesn’t know proper english.