“Thomas Weisel Partners comments on Apple after completing a round of 30 channel checks with Apple specialist resellers and Apple retail stores across the United States. Firm’s checks suggest seasonally soft quarter for Mac and iPod, which is not surprising given normal seasonal demand trends,” Notable Calls reports.
“TWP believes that, on a sequential basis, Mac units will likely decline in mid-single-digit area, but possibly be ahead of the Street assumptions on a revenue basis (they are at $5.39bn in total revenue versus Street at $5.17bn),” Notable Calls reports.
Notable Calls reports, “iPod nano still a dominant MP3 player, but checks suggest seasonal drop-off in demand compared with very strong December quarter: Again, not surprising and consistent with expectations of a 48% q/q decline in units. 4GB iPod nano remains the best-selling iPod, and Apple continues to outsell competition by 8:1 ratio.”
“Checks indicate limited interest in iTV [Apple TV]thus far. Firm does not view this product as a large opportunity, as they believe there are less than 6mn PVR-type devices sold in the marketplace annually at present,” Notable Calls reports.
Notable Calls reports, “Firm believes the growth opportunities continue to be strong for Apple, but that those opportunities appear to be well understood by the investment community and, thus, reflected in the current stock price. Maintains Mkt Weight rating.”
More details in the full article here.
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