All Things Digital

Skip to main content.

SEARCH
Voices

Voices

The Voices Feed

from other Web sites

AmTech Trims Apple Estimates

September 12, 2008
by Eric Savitz
Blogger and Columnist, Barron's

Eric Savitz

Apple (AAPL) shares are down sharply today after American Technology Research analyst Shaw Wu cut his estimates on the company for both this year and next year. Wu cut his forecast for the September 2008 fiscal year to $5.29 from $5.34; for FY 2009 he goes to $6.15, from $6.35.

“While we continue to see fairly favorable unit trends in the September quarter with back-to-school, our supply chain checks indicate low visibility in the December and March quarters, which we believe will likely impact build plans,” he writes. Wu also says that he is “choosing to err on the conservative side given tough macroeconomic conditions.”

Wu also says supply chain checks find a mix shift toward low-end and mid-range Macs “as it appears that more affluent consumers may be feeling the effects of a tighter credit environment.” He says that MacBook Air sales and build plans “appear more modest after more robust levels.”

Wu maintains his Buy rating and $205 price target.

Read the rest of this post

Tagged: Apple, Voices, frontpage, , , , | permalink
« Previous Post
Next Post »

Featured Voices Posts

Featured Video

View All Jobs | Post a Job Job Listings

A sponsored service from SimplyHired

Voices Posts by Date

About Voices

This is a section of the All Things Digital Web site featuring posts from around the Web, from other Dow Jones properties and also original pieces we solicit. The section is now explicitly labeled that it comes "from other Web sites."

We are fully aware of the controversies around how linking and aggregating is done on the Web and we, in no way, are attempting to "scrape" original content created by others. Instead, regarding third-party posts, we are trying to point readers of this site to other posts from around the Web that we admire and are trying to do so in the quickest manner possible.

The Internet is full of terrific content that is not ours and we want to help our readers find it by making editorial suggestions--Look, Mom, no algorithm!--of posts we think are worth their time.

That is why we have made even more changes to Voices to ensure we do this in the most transparent and timely way. While we don't expect that everyone will agree with our policies, we have made changes that reflect our intent in pointing to content outside our site.

So here is exactly what we do: Read more »

About the Site

Because the site is wholly owned by Dow Jones, publisher of The Wall Street Journal, we aim to adhere to the journalistic standards of the best of the mainstream media. But, because it is run autonomously as a small online startup, we aim to exhibit the fresh thinking and nimbleness of the best of the new media. We want to be first, and sassy, but also well sourced and accurate. We will offer lots of opinion and analysis, but plenty of fact as well.

Read more »