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 October 31st

Thu,7:17 PM
Meijer, the CurrenctC/MCX Member Who Refuses to Block Apple Pay
6:36 PM
Get Free Bitcoins with 52 Website Faucets that Really Pay [Update]
5:17 PM
Last Chance for The Bluetooth Shower Speaker: $39
5:09 PM
CES Rebrands iLounge Pavilion as iProducts, Hopes to Attract Macworld Expo Exhibitors
2:13 PM
Apple Reverses PCalc Decision; App and Widget Can Stay
1:29 PM
TMO Daily Observations: 2014-10-30
11:36 AM
Microsoft Joins the Fitness Tracking Game with Fitness Band
9:52 AM
Tim Cook’s Gay Coming Out is a Big Deal for Equal Rights
Wed,9:37 PM
MCX Holds Press Conference, Does Itself No Favors
7:30 PM
ACM 278: Apple is the New Microsoft and Thinking Differently about iPhone
6:43 PM
Apple: Widgets Can’t Calculate, Orders Featured Calculator Widget Removed
4:00 PM
The 3 Unexpected Consequences of Apple Pay Will be Huge
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!