Apple Computer (AAPL) today rose $1.04, to a new all-time high $53.68 in morning NASDAQ trading.
Before market open, analyst Shaw Wu of American Technology Research raised his September-quarter estimates on Apple from a profit of 36 cents a share on $3.6 billion in revenue to a profit of 39 cents a share on $3.7 billion in revenue.
Wu said American Technology Research’s industry checks suggest Apple’s Macintosh sales are doing better than expected due a strong back-to-school selling season.
In addition, analysts at Deutsche Bank have initiated coverage of Apple Computer with “Buy” recommendation.
Mr. Enderle, paging Mr. Rob “surveys indicate demand for Apple’s products is dropping like a rock due to Intel switch, fourth quarter should be ugly” Enderle?
Tech Pundit Enderle: ‘fourth quarter should be ugly for Apple’ – August 09, 2005
Enderle: ‘Surveys indicate demand for Apple’s products is dropping like a rock’ due to Intel switch – August 01, 2005
Apple Computer shares hit new all-time high – September 19, 2005
Apple continues to grow worldwide Macintosh market share – July 25, 2005
Gartner: Apple grows shipments 31 percent in Q2 2005, moves from 5th to 4th in U.S. market share – July 18, 2005
IDC: Apple gains U.S. market share at double overall market rate, up to 4.5 percent for Q2 2005 – July 18, 2005