David Bailey, a research analyst with Goldman Sachs, maintained an “in-line” rating for Apple and raised its earnings estimates to 53 cents from 49 cents, reports Forbes. “2006 will undoubtedly mark another major year in Apple’s transformation, but its new markets bring together tougher competition,” wrote the analyst in a recent research note.
Read MoreResearch firm Goldman Sachs has reiterated an ‘”in-line” rating on Apple, saying the company’s business “remains healthy,” reports Forbes. “The research firm said Apple’s rollout of Mac OS X Tiger ‘should be a meaningful incremental contributor’ to the stock, and that there remain numerous opportunities for both the iPod and Mac sides in the second half.” Goldman maintained fiscal 2005 and 2006 earnings-per-share estimates on Apple of US$1.34 and $1.50, respectively.
Read MoreGoldman Sachs said today that it is raising its Apple estimates for the quarter to 24 cents from 22 cents a share and its fiscal year estimates to $1.12 from $1.08 a share. The increase was made because the firm now expects Apple to sell 1.8 million iPod shuffles this quarter.
Read MoreApple Chief Financial Officer Peter Oppenheimer is scheduled to speak at the Goldman Sachs Technology Investment Symposium 2005 on February 24 at 12:30 p.m. PT. Apple said a link to the audio webcast will be provided. The conference is being held February 23-25 at the Arizona Biltmore Resort & Spa in Phoenix, Arizona.
Read More