The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Banc of America Lowers Apple Price

Banc of America Lowers Apple Price

by , 8:00 AM EST, January 30th, 2006

Banc of America Securities (BoFA) has lowered its target price for Apple's stock from US$85 to $82 based on concerns about lower iPod manufacturing levels. According to MarketWatch, Apple will not be producing as many iPods in the fiscal second and third quarters as it did during the first. BoFA analyst, Keith Bachman, commented "At this point, we are not clear if the heavy ship out of the last week of December or weaker-than-expected demand are the reasons."

Mr. Bachman is also concerned about sales for the Macintosh product line, feeling that sales have been slower than anticipated leading up to the release of Intel-based models. Shipments of the new MacBook Pro are expected to be limited in March since the PowerBook replacement doesn't start shipping until February.

BoFA is also reducing its central processing estimate for March from 1.22 million units to 1.19 million.

Apple is currently trading in the pre-market at $71.88, down 0.15 (0.21%).


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated September 17th

Wed,8:10 PM
Apple Releases Mavericks OS X 10.9.5 with Improvements to VPN and SMB Servers
7:57 PM
Apple Updates iTunes TOC with iOS 8 Family Sharing and App Bundle Pricing
7:08 PM
ACM 272: iPhone 6, iOS 8, and Tim Cook
5:10 PM
iOS OTA update too big? Use iTunes
3:50 PM
iOS 8 Upgrade Recommendations By Device/Model
3:15 PM
A 3D Printed Microscope for Your iPhone for Pennies
2:03 PM
Mpow’s Steambot Y Delivers Bluetooth for Older Cars
1:40 PM
PSA: Skip iCloud Drive if You Sync iCloud Data to Mac or iOS 7
1:35 PM
TMO Daily Observations: 2014-09-17
1:02 PM
Apple Releases iOS 8 for iPhone, iPad and iPod touch
11:07 AM
How To Prepare Devices For An iOS 8 Upgrade
9:29 AM
Apple Adds App-Specific Password Support to iCloud
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!