“Piper Jaffray maintained an ‘outperform’ rating and $40 target price on Apple Computer, saying a 0.5% increase in market share ‘is not unrealistic’ for the computer company if the current acceleration in interest and demand for its products continue. Apple currently holds a 2% share in the personal-computer market, the research firm said. ‘We believe a 0.5% increase in market share, to 2.5%, would have a significant impact on numbers,’ increasing calendar 2005 and 2006 Mac sales by 16% and 24%, respectively, Piper Jaffray said. ‘Despite potential supply issues in the September quarter, demand remains strong, and we believe that over the next two years Apple has the ability to grow its market share ahead of expectations,’ the research firm said,” Forbes.com reports.
Full article here.
Related MacDailyNews articles:
BusinessWeek: ‘Apple’s future looks surprisingly bright’ – October 01, 2004
Piper Jaffray: ‘Apple market share to grow over next two years ‘ – September 27, 2004
Mac market share primed to explode? If not now, when? – September 25, 2004
Analysts predict Apple’s new iMac will boost sales – August 31, 2004