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Needham ups estimates, expects "actual" video iPod in '06

post #1 of 34
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New Apple product introductions should accelerate in 2006 as Apple transitions to an all-Intel Mac lineup, continues to build out the iPod platform, and launches its long-anticipated invasion of the digital living room, says Needham & Company.

In a note sent to clients this morning, the investment banking and asset management firm raised its fiscal 2006 earnings per share estimate for the iPod maker from $1.95 to $2.05 and its 2007 estimate from $2.40 to $2.50.Â*

The firm believes Wednesday's earnings announcement was anticlimactic because Steve Jobs had already reported the key metrics of AppleÂs December quarter at Macworld on January 10.

"The company reported non-GAAP earnings (before stock-based compensation) of $0.68," wrote analyst Charles Wolf.Â*"However, the stock swooned in after-hours trading apparently because of a 'pause' in Mac shipments near the end of the quarter, and guidance for the second quarter that was perceived as subdued."

However, with iPod and music related sales representing a growing fraction of AppleÂs total revenues (59% in the first quarter of 2006 compared to 41% a year ago), Wolf believes seasonal fluctuations in revenues and earnings will inevitably increase.

"The good news is that Apple began its transition to the Intel processor platform almost six months ahead of schedule with the Macworld introductions of the Intel iMac and MacBook," the analyst wrote.Â*"We anticipate that the iBook will migrate to Intel this spring followed by the PowerMac sometime in the summer."Â*

Wolf believes Apple's move to the Intel platform has the potential to "materially increase Mac sales" once the transition is completed.Â*In addition to new Intel Macs, he expects the company will introduce the "actual video iPod in the first half of the year. The analyst also notes that MicrosoftÂs Windows Media Center software has failed to establish "even a beachhead in the living room" because of its complexity. "Apple represents a far better bet to succeed in its effort," he wrote.

Finally, Wolf said recent comments by Steve Jobs and other actions suggest that an iPhone featuring an iTunes music player might be in the planning stages, but is not likely to surface this year.

"Apple remains by far the most exciting story in our universe.Â*Unfortunately, the companyÂs share price has risen faster than our fair price, which now stands at $71," Wolf wrote in summary. "However, new revenue streams yet to be announced could trigger an upgrade at some point in 2006."

Needham & Co. maintains a "hold" rating on Apple shares.
post #2 of 34
Quote:
Originally posted by AppleInsider
company will introduce the "actual video iPod in the first half of the year.

Now what exactly do they mean by 'actual video ipod.' From what i've seen, the current iPods play video quite well.
post #3 of 34
I was thinking the same thing...what does "actual" mean?

...a larger screen?

...a dedicated video device?

Very curious...
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post #4 of 34
Great, I might actually buy a "real" video iPod, you know something actually designed with video in mind as its first purpose. The current iPod is a music player that just happens to play video. I'm looking for device made the other way around.

And PowerMacs this summer! That would be incredibly wonderful! I can't wait to get my hands on one!
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post #5 of 34
Good Morning America reported that Disney and Pixar are in talks that could make Jobs the majority owner of Disney.

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post #6 of 34
Quote:
Originally posted by ThinkExpensive
Now what exactly do they mean by 'actual video ipod.' From what i've seen, the current iPods play video quite well.

Most of the portable devices intended specifically for playing video have much larger screens so they are easier to watch for long durations when on the go. 5G iPod has video, but it is merely a secondary function.
post #7 of 34
Quote:
Originally posted by AppleInsider
"our fair price, which now stands at $71,"

Needham & Co. maintains a "hold" rating on Apple shares

So, Needham & Co. have a target price of $71 for Apple's share price, which is 10% lower than the current price, yet they advise people to hold the stock? How does that work?
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post #8 of 34
Quote:
Originally posted by SpamSandwich
Good Morning America reported that Disney and Pixar are in talks that could make Jobs the majority owner of Disney.

AFAIK Jobs have 51% of Pixar. How on earth would that work?

I think everybody is looking at Apple through the Hubble these days.
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post #9 of 34
PowerMacs in the summer eh?

With what chips? Are they predicting Conroe/Woodcrest are going to land ahead of schedule and faster than a Quad G5? That'll be impressive if Intel/Apple manage it.
post #10 of 34
Quote:
Originally posted by SpamSandwich
Good Morning America reported that Disney and Pixar are in talks that could make Jobs the majority owner of Disney.

Unlikely. Largest single private shareholder perhaps. 51% of Pixar goes some way to buying a big chunk of Disney.
post #11 of 34
Dear Steve Jobs,
Congratulations on your recent promotion. Please consider the following a modest proposal and terminate these Disney employees as soon as possible:
John Stossel
Diane Sawyer
The entire cast and crew of "According to Jim"
The executives responsible for green-lighting "According to Jim"
Jimmy Kimmel

Also, please also consider hiring the following people to fill these positions, respectively:
Stephen Colbert
John Stewart
The entire cast and crew of "Arrested Development"
Joss Whedon, Chris Carter & the entire cast and crew of The Screen Savers
Bill Maher
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post #12 of 34
Hey, John Stossel is cool!
post #13 of 34
A "real" video ipod would not just be designed with video as the primary function, but like the "real" audio ipod is designed to hook up to a full size stereo to replay music for the living room, the car, the office, or the bedroom, the "real" video ipod will be designed to hook up to a large plasma or lcd display and replay full size video for the living room, the car, the office, or the bedroom...

Just as the audio ipod lets you bring your entire music library with you,
the video ipod should let you bring your entire dvd library with you...
post #14 of 34
Quote:
Originally posted by sCreeD
Dear Steve Jobs,
Congratulations on your recent promotion. Please consider the following a modest proposal and terminate these Disney employees as soon as possible:
John Stossel
Diane Sawyer
The entire cast and crew of "According to Jim"
The executives responsible for green-lighting "According to Jim"
Jimmy Kimmel

Also, please also consider hiring the following people to fill these positions, respectively:
Stephen Colbert
John Stewart
The entire cast and crew of "Arrested Development"
Joss Whedon, Chris Carter & the entire cast and crew of The Screen Savers
Bill Maher

Dude, John Stossel is the only high-profile Libertarian (other than Howard Stern) left. If he got axed, there would be no more intelligent people on television.

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post #15 of 34
Quote:
Originally posted by Mr. H
So, Needham & Co. have a target price of $71 for Apple's share price, which is 10% lower than the current price, yet they advise people to hold the stock? How does that work?

Fair value for a stock is what the stock is considered to be worth given its performance based on industry values, and such.

Stocks for some companies such as Apple and MS are priced higher than that because of future expectations of growh and profitability greater than the industry norm.
post #16 of 34
Quote:
Originally posted by Anders
AFAIK Jobs have 51% of Pixar. How on earth would that work?

I think everybody is looking at Apple through the Hubble these days.

It's a mistake. It should have been; The largest stockholder in Disney.
post #17 of 34
Quote:
Originally posted by sCreeD
Dear Steve Jobs,
Congratulations on your recent promotion. Please consider the following a modest proposal and terminate these Disney employees as soon as possible:
John Stossel
....
Also, please also consider hiring the following people to fill these positions, respectively:
John Stewart
...

So, did your world collapse when John Stewart had John Stossel on as a guest?
post #18 of 34
Wow.

So... John Stossel is intelligent & being a Libertarian is a good thing?

Huh. That's some craaaaazy Universe you come from.

And with that, I'll refrain from further politics in this thread.
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post #19 of 34
Quote:
Originally posted by JeffDM
So, did your world collapse when John Stewart had John Stossel on as a guest?

I missed that one. Do you know where there might be a viewable video for this?

(Not to belabor the point, but did you know these people are Libertarians? ... Dave Barry, Art Bell, Neal Boortz, Drew Carey, Clint Eastwood, Dennis Miller, P. J. O'Rourke, Trey Parker, Penn and Teller, Kurt Russell, Dwight Yoakam...)

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post #20 of 34
Quote:
Originally posted by SpamSandwich
I missed that one. Do you know where there might be a viewable video for this?

It was The Colbert Report

One of the better ones:

"Why do THEY have to be the only government? Thats monopoly. I would be able to make a better government"

"I can´t see why I can´t fly my plane at 30000 feet in the same vector as your plane. Won´t the invincible hand somehow figure that one out?"
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post #21 of 34
Quote:
Originally posted by SpamSandwich
Good Morning America reported that Disney and Pixar are in talks that could make Jobs the majority owner of Disney.

Only if Disney will be all "chocolate".
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post #22 of 34
Quote:
Originally posted by sCreeD
So... John Stossel is intelligent & being a Libertarian is a good thing?

He did a much better job than the only other libertarian to show up on the daily show (that asshole who wants to give toy guns to schoolkids).

But I was dissapointed when he appeared to support the wiretaps - not very Libertarian of him.
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post #23 of 34
no way Apple can up the iPod tech so rapidly, if he is talking about feature length
post #24 of 34
Quote:
Originally posted by Anders
It was The Colbert Report

One of the better ones:

"Why do THEY have to be the only government? Thats monopoly. I would be able to make a better government"

"I can´t see why I can´t fly my plane at 30000 feet in the same vector as your plane. Won´t the invincible hand somehow figure that one out?"


I listened to the video (couldn't see it) but Stossel remained true to the Libertarian ideals, as far as I could tell, despite it being a comedy interview format. Go, John!

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post #25 of 34
Quote:
Originally posted by SpamSandwich
I missed that one. Do you know where there might be a viewable video for this?

(Not to belabor the point, but did you know these people are Libertarians? ... Dave Barry, Art Bell, Neal Boortz, Drew Carey, Clint Eastwood, Dennis Miller, P. J. O'Rourke, Trey Parker, Penn and Teller, Kurt Russell, Dwight Yoakam...)

Ever notice that only wealthy people are libertarians?
post #26 of 34
Quote:
Originally posted by SpamSandwich
Dude, John Stossel is the only high-profile Libertarian (other than Howard Stern) left. If he got axed, there would be no more intelligent people on television.

Uhhh, so only libertarians are intelligent? Since when does a philosophy of ME ME ME denote intelligence?
post #27 of 34
Quote:
Originally posted by SpamSandwich
I missed that one. Do you know where there might be a viewable video for this?

(Not to belabor the point, but did you know these people are Libertarians? ... Dave Barry, Art Bell, Neal Boortz, Drew Carey, Clint Eastwood, Dennis Miller, P. J. O'Rourke, Trey Parker, Penn and Teller, Kurt Russell, Dwight Yoakam...)

Oh well that settles it. If those people are libertarians then it MUST be hip thing to believe in.

I do like that most libertarians don't want the government to be legislating the personal lives of citizens. Or lately, that they oppose legislating the bodily functions of citizens.
post #28 of 34
Quote:
Originally posted by melgross
Ever notice that only wealthy people are libertarians?

That is not true - more like most fameous people are rich.

But libertarian governments only make sense in wealthy countries.
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post #29 of 34
Quote:
Originally posted by e1618978
That is not true - more like most fameous people are rich.

But libertarian governments only make sense in wealthy countries.

There is a great deal of equivalence there.

But in that country, EVERYONE would have to be wealthy. There isn't any country like that.

A libertarian is akin to an anarchist, but with a less terrifying name.
post #30 of 34
Quote:
Originally posted by ThinkExpensive
Now what exactly do they mean by 'actual video ipod.' From what i've seen, the current iPods play video quite well.

HAH Welcome to 1995 in your pocket, with resolution like that it is a wonder any one has bought any more than 2 shows out of the itunes vid store.
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post #31 of 34
Quote:
Originally posted by melgross
There is a great deal of equivalence there.

But in that country, EVERYONE would have to be wealthy. There isn't any country like that.

A libertarian is akin to an anarchist, but with a less terrifying name.

That is assuming that we got everything that we wanted - the libertarian platform is unlikely to come to complete fruition due to the comprimises that politics requires, but there are a few choice pieces that would make our country better (ending the war on drugs, for example).

The differences between libertarians and anarchists:

1. Libertarians don't want to get rid of the whole government, just the parts that are useless. Anarchists want to dump the whole thing, including police and military forces that libertarians definitely want to keep around.

2. Anarchists are mainly idiots - look at all the anarchists protesting free trade and globalisation ("I'm an anarchist and I want more government intervention in trade!").
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post #32 of 34
Quote:
Originally posted by melgross
Ever notice that only wealthy people are libertarians?

I'm not wealthy, but then I'm not on TV
post #33 of 34
Quote:
Originally posted by e1618978
1. Libertarians don't want to get rid of the whole government, just the parts that are useless. Anarchists want to dump the whole thing, including police and military forces that libertarians definitely want to keep around.

2. Anarchists are mainly idiots - look at all the anarchists protesting free trade and globalisation ("I'm an anarchist and I want more government intervention in trade!").

point one is somewhat on track.
but point two is outrageously silly and needlessly offensive...

you seem to have never actually talked to anarchists involved with the movement against corporate/economic globalization. i can tell you they generally have something far more clever and thoughtful to say than the contents of that sarcastic quote. for-example, i have heard some open by saying they don't even agree with trade.

your implied simplification of globalization is unfortunate. there are definitely more ways to the approach it beyond the "fair trade" vs "free trade" debate. anarchists aren't so much anti-government as anti- hierarchal power structures that invariably cause suffering. as part of globalization, or rampant global capitalism, governments are often no longer the most important hierarchy affecting people and ultimately causing suffering. governments and corporations are now equal partners in crime, so to speak. they often collaborate in bringing neo-liberal policies to bear.

there is social/cultural globalization and the movement(s) you refer too generally don't touch upon this aspect very much (beyond its interplay with the economic side - e.g. homogenization of food options with global brands like coke and mcdonald's spreading everywhere). but essentially globalization is all about corporations and anarchists have every bit as much a fundamental disagreement with corporations as with governments. furthermore, although anarchists are often found among anti-corporate/economic globalization movements, be careful not to believe that they control these movements and stand for every bit of rhetoric they produce. it is a broad movement that certainly includes progressive democrats who would definitely support varieties of "government intervention" like you mention.

so the anarchists are there expressing disagreement with corporate globalization (which results in sweatshops, child labor, environmental destruction, privatization of public services like water etc) as well as national governments (G8 industrial superpowers) and increasingly powerful international governing bodies (such as the WTO) which foster it.
post #34 of 34
Quote:
Originally posted by nathan22t
point one is somewhat on track.
but point two is outrageously silly and needlessly offensive...

you seem to have never actually talked to anarchists involved with the movement against corporate/economic globalization. i can tell you they generally have something far more clever and thoughtful to say than the contents of that sarcastic quote. for-example, i have heard some open by saying they don't even agree with trade.

your implied simplification of globalization is unfortunate. there are definitely more ways to the approach it beyond the "fair trade" vs "free trade" debate. anarchists aren't so much anti-government as anti- hierarchal power structures that invariably cause suffering. as part of globalization, or rampant global capitalism, governments are often no longer the most important hierarchy affecting people and ultimately causing suffering. governments and corporations are now equal partners in crime, so to speak. they often collaborate in bringing neo-liberal policies to bear.

there is social/cultural globalization and the movement(s) you refer too generally don't touch upon this aspect very much (beyond its interplay with the economic side - e.g. homogenization of food options with global brands like coke and mcdonald's spreading everywhere). but essentially globalization is all about corporations and anarchists have every bit as much a fundamental disagreement with corporations as with governments. furthermore, although anarchists are often found among anti-corporate/economic globalization movements, be careful not to believe that they control these movements and stand for every bit of rhetoric they produce. it is a broad movement that certainly includes progressive democrats who would definitely support varieties of "government intervention" like you mention.

so the anarchists are there expressing disagreement with corporate globalization (which results in sweatshops, child labor, environmental destruction, privatization of public services like water etc) as well as national governments (G8 industrial superpowers) and increasingly powerful international governing bodies (such as the WTO) which foster it.

If you end all trade, you end up with the government being the only power left to fight. Also, billions would die.

If you then fight the government and win, then trade will start up again on its own, and corporations will start to grow.

I continue to have a low opinion of anarchists - the only world that would make them happy is a world that is impossible to build, and if they started to get what they wanted there would be massive death and distruction.
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