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 TMO Headlines - Updated February 23rd

Wed, 6:39 PM
Frolic in the Apple Park, Rumors for iPad and Apple Watch - ACM 399
Wed, 6:27 PM
Get $8.62 Off Your Amazon Order (Today Only) Thanks to Harris Reputation Poll
Wed, 5:34 PM
What a Digital Avatar Patent Might Mean for Apple Customers
Wed, 5:07 PM
5 iMazing Tricks Make Syncing Your iOS Device Fun
Wed, 3:48 PM
The Pros and Cons of Legacy Apple Products Going Extinct
Wed, 2:44 PM
iOS: Turn Safari Into a Simple RSS Reader
Wed, 1:52 PM
What Apple TV Could've Been - TMO Daily Observations 2017-02-22
Wed, 11:53 AM
Futurama: Worlds of Tomorrow Coming to iPhone and iPad
Wed, 10:40 AM
New Apple Campus, Dubbed Apple Park, Opens in April
Wed, 9:06 AM
iOS: Use "Vibrate Only" for Specific Event Alerts
Wed, 9:00 AM
PDFConverterOCR 4: $19.99
Wed, 8:00 AM
Be More Productive by Typing Faster
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!