In the near term checks suggest that Apple will meet GSCO's 2.7M unit Mac estimate and probably show some upside to iPhone unit forecast of 4.26M. This, combined with favorable component prices, should drive solid gross margin and earnings at least in line with GAAP earnings estimate of $1.07. At the same time, they continue to expect Apple to roll out new products over the next several months, including a new line up of notebooks within the next few weeks. Valuation
Goldman's 12-month price target of $200 is based on target P/Es, growth-adjusted earnings multiples, cash flow metrics, and DCF.
Notablecalls: I suspect AAPL's due for a bounce here. It still has $6-$7 EPS power in the n-t and possibly $10 EPS power in the L-T.