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 TMO Headlines - Updated February 21st

Tue, 6:21 PM
Apple Remote Desktop Updated with Touch Bar Support
Tue, 4:07 PM
Here’s the TV Set-Top Box Apple Could Have Built: Caavo
Tue, 2:47 PM
New iPad Pro and iPhone SE Report - TMO Daily Observations 2017-02-21
Tue, 11:51 AM
Apple Using PrimeSense Tech for iPhone 8 3D Front Facing Camera
Tue, 9:00 AM
Stress Blocks: $14.99
Tue, 5:19 AM
Rumors about March Apple Event for iPhone SE and iPads Get Serious
Mon, 7:24 PM
Game of Thrones 'A Dance with Dragons' iBooks Enhanced Edition on Preorder
Mon, 5:53 PM
Returning to U.S. With iPhone? What Are Your Rights?
Mon, 4:48 PM
Hidden Folks is the Whimsically Fun Hidden Object Game You Need on Your iPhone and iPad
Mon, 4:31 PM
macOS Sierra: Delete And Reinstall 1Password To Refresh Certificate [Update]
Mon, 4:05 PM
TMO Background Mode: Interview with Open Source Developer & Former Apple Manager Jordan Hubbard
Mon, 2:10 PM
Apple's Facial Recognition Plans, the AI Race - TMO Daily Observations 2017-02-20
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!