“Apple Computer Inc. could warn that its fourth-quarter profit and revenue may fall short of Wall Street expectations, as it cuts back on shipments of its iPod digital music player ahead of a new version, an analyst said on Wednesday,” Reuters reports.
“Apple shares slipped to an 9-month low after Credit Suisse First Boston analyst Robert Semple said he expects Apple, whose iPod device dominates the market for digital music and MP3 players, to forecast revenue of $4.6 billion to $4.8 billion, shy of the $4.9 billion seen by Reuters Estimates,” Reuters reports.
Reuters reports, “Semple added that Apple could forecast a quarterly profit of 50 cents a share, short of analysts’ view of 52 cents a share. ‘We expect Apple will once again use the September quarter to reduce iPod inventories as the company prepares for a refresh of its product lineup, which we continue to believe will occur in the Sept/Oct time frame,’ he said in a note to clients.
Full article here.
Apple to hold Q3 06 Quarterly Earnings Call on July 19 – July 05, 2006