According to an article today on Forbes.com, entitled “Apple Computer Could Run Out Of Steam”, Banc of America Securities has warned that Apple faces the risk of losing momentum due to slacking G5 refresh sales and competition to the iPod.
“[Apple] runs the risk of generating significant refresh sales to its installed base for the next couple of quarters, and then running out of steam once sales to the installed base are satisfied,” said analysts at the firm.
Banc of America also indicated they feel that Apple is fairly valued at $21 a share.