“Piper Jaffray said that over the next two years Apple Computer will grow its market share ahead of expectations, which will be a catalyst to its stock. Piper Jaffray said sees greater-than-expected adoption of iPods and Hewlett-Packard iPods translating to acceleration in sales of Macintosh computers,” Forbes.com reports.
“Also, iTunes ‘will emerge as psychological catalyst for shares of Apple in 2005,’ the research firm said. Strong iPod and iMac demand will lead to a strong fiscal first quarter ending in December, Piper Jaffray said. Apple could also get a boost from stronger laptop sales. The firm, which rates Apple at ‘outperform’ with a $40 price target, said that for the fiscal fourth quarter ending in September, 40% of resellers surveyed said PowerBook sales are ‘tracking above plan,’ while 30% said iBooks are selling better than expected,” Forbes.com reports.
Full article here.
Related MacdailyNews article:
Mac market share primed to explode? If not now, when? – September 25, 2004