Shares of Apple (up $4.54 to $79.07 rose over 6 percent in afternoon trading on Nasdaq. Shares of rivals Microsoft (down $0.32 to $28.20) and Dell (down $1.58 to $23.12) edged lower.
CNNMoney.com reports, “Piper Jaffray’s Gene Munster said in a note to clients reported by Reuters that Apple’s results show its ‘formula is working’ as the popularity of its iPods is translating into a ‘resurgence in the Mac platform. We believe in six months the halo effect will expand beyond a simple iPod-to-Mac correlation into a four-way relationship with iPod, Mac, iPhone, and iTV benefiting from each other’s success. If this plays out, Apple’s growth rate should accelerate in 2007.'”
Full article here.
Related articles:
BW: Record-breaking quarterly Mac sales put Apple into the running for a top computer-maker spot – October 19, 2006
Jim Cramer: Apple’s quarter showed how poorly the also-rans are faring – October 19, 2006
Apple profit rises 27%, Mac up 30%, iPod up 35%; stock jumps – October 19, 2006
IDC: Apple Mac attained 5.8% of U.S. market share in Q3 06 – October 18, 2006
Gartner: Apple Mac grabbed 6.1% of U.S. market share in Q3 06 – October 18, 2006
Apple Financial Results Conference Call Q4-2006 Live Notes – October 18, 2006
Apple shares rocket 6.5% in after-hours trading on stellar earnings report – October 18, 2006
Apple Q4 earnings results: $546M net profit on $4.84B revenue, sold 1.61M Macs, 8.729M iPods – October 18, 2006
