When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works.

Apple Stock Shares Dipping After Analyst Prediction

Yet another analyst has warned that Apple's third quarter results may be harmed by lower-than-expected iPod shipment. Robert Semple of Credit Suisse First Boston has gone so far as to warn clients that Apple may even warn that its fourth-quarter profit and revenue could fall short of Wall Street expectations when it reveals its third-quarter results.

He expects Apple's fourth-quarter revenue forecast will be between $4.6 billion and $4.8 billion, rather than the Street's consensus $4.9 billion estimate, Reuters reveals. Semple is particularly concerned at reports of a late-shipping iPod nano, speculating that Apple may be reducing its inventories of current models of the player.

However, the analyst isn't convinced that a delay will take place in refreshing the range, saying that he expects the new iPods to ship to schedule in "the September/October time
frame," he wrote.

Apple shares slipped to a nine-month low on markets yesterday on the strength of these concerns.

News source: Macworld UK

Report a problem with article
Next Article

Free AVG anti-virus now works on Vista beta 2

Previous Article

Apple Denies Customers Education iMac

Join the conversation!

Login or Sign Up to read and post a comment.

-1 Comments - Add comment