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 March 1st

Sat,10:30 AM
IiPhoneography 101: Tripods for Your iPhone
Fri,8:54 PM
Apple Death Knell #68: Apple’s Stock Will Collapse Because iPhone Is Too Important
7:32 PM
Last Chance: Pay What You Want for the Learn to Design Bundle
4:30 PM
What to Expect During Apple’s March 9 Media Event
1:09 PM
TMO Daily Observations 2015-02-27: Apple Watch Media Event Smackdown
11:20 AM
Ericsson Sues Apple after Failing to Reach Patent License Agreement
10:01 AM
Analyst: Apple Watch Edition to Cost $950
8:55 AM
QuickTime & Yosemite: Recording Your iPhone or iPad Screen with iOS 8
Thu,8:36 PM
Apple Opens iWork for iCloud to Everyone
7:53 PM
This Is Why You Should Set Up Philips Hue LED Smartbulbs
7:15 PM
Apple Rumored to Bring Touch ID to Macs
4:40 PM
Last Chance To Save 55% On The Code Black HD Camera Drone
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!