Shares of Apple Inc. gained “in early trading… as Goldman Sachs advised investors to buy the Cupertino, Calif., computer and gadget maker before “the almost certain launch of a new family of iPods next Wednesday,'” The Associated Press reports.
“‘The product announcement is likely to include a full line-up of revamped iPods with significantly greater functionality at current price points, including the much-anticipated full screen video iPod,’ said analysts David C. Bailey, Laura Conigliaro and Min Park. They said the new gadget could drive sales even higher than their expected 19.8 million iPods for the September and December quarters,” AP reports.
AP reports, “They also pointed to a redesigned iMac and new software from Adobe as catalysts for better computer sales. ‘Together, we see the Mac and iPod product cycles as strong enough to generate higher volumes and upside to our current earnings estimates,’ the analysts wrote. They kept a $165 price target on the shares. Apple added $3.13, or 2.5 percent, to $129.95 premarket, from its close at $126.82.”
Full article here.
What really interests me is the shuffle. By and large when Apple release new models they keep the old price points but just increase the spec. The shuffle can’t be upgraded without becoming more than a shuffle, any larger capacity and you start to need a screen. Realistically the best bet would be to make it cheaper, but then Apple aren’t a real cheapo company.
The news that 1 in 6 laptops being sold in the US are Macs should have put the price up to 160 in my opinion. The new iPods can have their turn to generate their own increase in the price at a later date…
Apple is seriously going places.
OK, so the new iPod line up is introduced, price of AAPL goes up. About 30 days later, word gets around that shipping time for the new gadgets has been extended due to short supply of components.
Then, Apple does for the iPod what it is doing for the over-glossy new iMacs by scurrying around for anyone anywhere in the world with a solder iron and quality goes in the toilet.
Then, what will happen to the price of AAPL?
Strategy: buy today but get ready to sell with the very first rumor of even hours of delay for any shipment.
You are welcome.
“They also pointed to a redesigned iMac”
Didn’t this just happen?
I thought analysts were supposed to at least have a clue.
“They also pointed to a redesigned iMac and new software from Adobe as catalysts for better computer sales”
Adobe put out new software???
“Adobe put out new software???”
Yeh, CS3 about 6 months ago. Glad to see these analysts are on the ball!
@ Jim
No kidding. Hey, I heard that Apple has a mobile phone coming out. Could be big news!
MW: ‘systems’ (that should not work, sometimes do)
Chevron has put out a new formulation of gasoline —
Buy Ford!