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 June 30th

Mon,12:40 PM
Three Ways to Protect your Apple Watch (and One Way Not To)
Mon,10:42 PM
Google Brings Higher Resolution Satellite Imagery to Google Earth and Maps
9:10 PM
Google Bloks Will Offer Kids Hands-On, Collaborative Programming Concepts
8:44 PM
PRE-SALE: The Complete iOS 10 Developer Course at $29
5:15 PM
Game Foul: Ford Dealership Steals Firewatch Art
5:04 PM
TMO Background Mode: Interview With Symply Co-founder and President Alex Grossman
3:20 PM
iPhone 7 Sans Headphone Jack: The Debate Continues
1:58 PM
TMO Daily Observations 2016-06-27: AAPL, Brexit, Google Blocks
11:58 AM
Google Ready to Try Apple’s Tactics with New Smartphone
9:33 AM
Apple gets its Rainbow on for SF Pride Parade
Sun,12:18 PM
MGG 611: Troubleshoot & Resolve Your Mac & Apple Issues
Fri,7:00 PM
Apple Kills the Thunderbolt Display - Will the Mac Pro Be Next?
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!