Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Bear Stearns Keeps Apple at Outperform

Bear Stearns sees upside to Apple Computer's (AAPL) second quarter iPod sales, vs. Wall Street expectations, and reiterated its outperform rating on the shares on Apr. 6.

Analyst Andrew Neff says that despite the stream of recent estimate reductions, he has confidence in Apple reaching 10.5 million iPod units (down 25% sequentially, but above the Street consensus of 8.5-9.5 million) given his checks of suppliers and continuing strong end demand. Despite Apple's public protestations to the contrary, Neff thinks its game plan is eventually put Windows on the Mac computer. Though the timing is uncertain, he thinks it may defy the conventional wisdom, and views Windows on Mac with full support as a natural extension of Apple's strategy.

The analyst keeps his post-option EPS estimates of $2.25 for fiscal 2006 (ending September) and $2.91 for fiscal 2007. He has a 2006 price target of $100 on the shares.

blog comments powered by Disqus