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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Alomex who wrote (21912)	1/7/1999 1:37:00 AM
From: Marc Newman	Read Replies (2) \| Respond to of 213173

<<Some of the iMacs sold surely bit into other model sales (remember the large low end G3 inventories at MacMall?). My estimate is around 950K-1mill units sold, for revenues around $1650-$1700mill.>> Lou Mazzuchelli of GKM said that Apple miscalculated how little the iMac would cut into sales of the Pro line. A good problem to have, I guess. His estimate is right with yours on units shipped, saying he'd be surprised if it was more than a million. To me, your revenue figure seems low, considering Apple did almost $1.6 B a year ago with only 650,000 units (and no OS 8.5 revs). The A.G. Edwards analyst puts the 8.5 revs at over $50 million. There were some great posts on the MF AOL board today. Someone called the Apple Store and was told that the first day of Yosemite sales were the biggest day of online orders ever. So that's a great sign that demand is strong. Someone else dubbed the Oppenheimer analyst a "Think Bonehead" candidate. TJ Crebs posted the following about the firm: <<Off-Subject--May-1997: Oppenheimer loses +$200 million on Bre-X Busang Indonesian gold-mining scam. Bre-X stock drops from $180-high to less than 5¢ in less than 3 months. Based upon this recent fiasco, Oppenheimer "analysts" arenot well respected in the mining game. Appears their tech "experts" are equally silly.>> Meanwhile, there's this news--CompUSA has the Rev. B iMacs listed at $999.97 and ClubMac had it for $999, too. Seems to me that Apple is very smart to have the current list price at $1049. $50 more wiggle room for Apple vis a vis wholesale price/price protection stuff, even though they know most retailers are gonna sell it for $999. Excellent. Marc