Apple Inc (AAPL)

[fmikehugo]

08:41 AAPL Apple Computer: Near-term caution on AAPL due to challenges in beating near-term expectations - BofA (86.14 ) -Update-

Banc of America notes near-term caution on AAPL due to challenges in beating near-term expectations. For CPUs (computers), they expect NPD data to come out soon. Firm says all comments they have heard from the food chain are that sales are fairly strong, but they have noticed some inconsistency on the degree of strength.

The firm is projecting 1.73 mln units in the Dec Q, up 7.5%, which they believe is in-line with Street forecast. They say Apple is building to a higher number, but they do not think they will have sell-out equal to the build plans, based on their end market read. Firm thinks CPU forecasts are reasonable.