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:
BOA Raises AAPL Q1 Estimates

BOA Raises AAPL Q1 Estimates

by , 12:30 PM EST, January 14th, 2008

Banc of America analyst Scott Craig thinks Apple will report another strong quarter when the company reveals its first quarter figures later in January. Healthy Mac sales following the release of Leopard helped drive those figures up, according to AFX News.

"While none of our names are immune from economic changes, we believe that Apple is less likely to be impacted by such changes due to the company's unique and diversified business model, loyal customer base and market share gains," he said.

Mr. Craig raised his first quarter revenue estimate for Apple from US$9.3 billion up to $9.6 billion with an EPS of $1.60, up from $1.52. His overall revenue estimate for fiscal 2008 is up, too, from $30.7 billion to $31.7 billion with and EPS of $5.04, up from $4.87.

Mr. Craig is maintaining his "Buy" rating and $200 target price for Apple's stock. Apple is currently trading at $176.70, up 4.01 (2.32%).


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 January 30th

Fri,5:40 PM
The Unofficial Apple Weblog Will Shut Down February 3rd
5:18 PM
Peri Duo Case for iPhone Marries Speaker, Battery, and Wi-Fi Audio
4:50 PM
Repatriation Tax Bill Holds Promise, but Faces Uphill Battle
4:32 PM
Microsoft Brings Outlook to iPhone and iPad
2:51 PM
Enter to Win a Pair of Wireless Beats Studio Headphones
1:09 PM
TMO Daily Observations 2015-01-30: Samsung’s Smartphone Numbers, Congress Wants More Corporate Cash
11:09 AM
FiftyThree’s Pencil Stylus for iPad goes Gold
9:48 AM
How to Enable the iTunes Notification Center Widget in OS X Yosemite
9:05 AM
iTunes gets OS X Yosemite Notification Widget
Thu,6:59 PM
Apple Tied Samsung for Global Smartphone Units in Q4
6:14 PM
Wall Street Continues Apple Love Fest as $AAPL Closes at $118.90
5:34 PM
ZeroLemon SolarJuice 20,000mAh Portable Charger: $49.99
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!