“Shares of Apple Computer Inc., which have plunged 40 percent, could rebound over the next year as interest in the company’s Macintosh computers picks up, Barron’s financial newspaper reported on Sunday,” Reuters reports.
“Some Wall Street bulls maintain that shares will jump from 45 percent to 75 percent in the next 12 months, with revamped Macs possibly poised to grab back market share, Barron’s said,” Reuters reports.
“The new models, featuring Intel chips for the first time, can run both Apple’s operating system and Microsoft’s Windows, and could help Apples shares, which have been hit by fears of a slowdown in sales of iPod music players, Barron’s reported. “The switch to Intel processors, nearly complete, could help boost Mac sales, which last year accounted for about 45 percent of Apple’s total revenue, Barron’s reported… Apple appears to have a tremendous opportunity to expand its share of the market…”
“Charlie Wolf of Needham & Co, concludes that Intel Corp.-equipped Macs could boost their market share in the U.S. and European consumer markets from a total of about 4 percent in 2005 to 15 percent in 10 years,” Reuters reports.
Full article here.
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