“Apple Computer Inc. could introduce its first laptop computers based on Intel Corp. chips as early as January, which, together with robust sales of video iPods, should drive earnings higher, Citigroup said on Wednesday,” Reuters reports. “Citigroup analyst Richard Gardner raised his target on the computer maker’s stock price to $71 from $51 and boosted his earnings forecasts for the next two years [and] raised his 2006 revenue forecast to $20.4 billion from $17.6 billion… For 2007, he expects revenue of $24.3 billion.”

“‘We are becoming more convinced that Apple will introduce its first Intel-based PowerBook at Macworld San Francisco,’ Gardner said in a note to clients. That conference runs from January 9 to 13,” Reuters reports.

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