“RBC Capital’s Mike Abramsky reports that there are indications of ‘increased Mac momentum’ in the back-to-school quarter. He says RBC’s ‘technology adoption panel’ of 3,665 technology users found 17% bought a Mac laptop in the last 90 days, up from 12% in the prior quarter,” Eric Savitz blogs for Barron’s.

“Abramsky expects Apple to ship 2 million Macs in the September quarter, which would be up 27% year-over-year and 16% sequentially,” Savitz reports.

“Abramsky also says that checks with Apple and AT&T stores find ‘sustained iPhone sales momentum.’ He continues to see 1.5 million shipped by the end of the fourth quarter, which is above the 1 million Apple has forecast,” Savitz reports. “Abramsky maintains a $175 price target on the stock. He says the recent 20% decline in Apple shares provides an attractive entry point for the stock.”

Full article here.