“Apple’s growth engine, which previously depended almost entirely on the company’s enormously successful iPod digital media player, has added another ‘cylinder’ with the advent of surging Mac sales backed by ‘switchers’ — consumers exposed to Macs via the iPod,” MacNN reports.
MacNN reports, “That growth engine is set to add two additional cylinders in early 2007, however, with Apple’s rumored launch of its ‘iPhone’ mobile handset alongside the iTV [code name] media device. Piper Jaffray senior analyst Gene Munster believes that a significant addressable market remains for Apple in its iPod business, and that its iPhone and iTV will add new addressable markets within the next six months.”
“Munster says the iPhone and iTV could collectively add 15 percent to Wall Street’s calendar year 2007 revenue,” MacNN reports.
Full article with quotes analysts quotes here.
Related articles:
Apple shares crack $80 with gusto – October 23, 2006
Soleil reiterates ‘Buy’ rating on Apple, raises target price – October 19, 2006
JMP Securities reiterates ‘Strong Buy’ rating on Apple, raises target price – October 19, 2006
Banc of America reiterates ‘Buy’ rating on Apple, raises price target – October 19, 2006
Analysts now clearly see Apple Mac resurgence – October 19, 2006
Analyst: Apple formula working to lead Mac resurgence, Apple’s growth rate should accelerate in ‘07 – October 19, 2006
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