“While many advisors and investors focus on the iPod and the iPhone when assessing the outlook for Apple Inc., Nate Pile has a different take,” Steven Halpern reports for Blogging Stocks.
Halpern reports, “The editor of Nate’s Notes explains, ‘As often happens following the release of widely anticipated news, Apple has drifted lower over the past few week — and it would not surprise me at all to see this downtrend continue for another several weeks while analysts and investors alike fret over ‘slowing iPod sales’ and debate over the merits and the potential of the iPhone.'”
Halpern reports, “And while he expects that the iPod and iPhone will remain in the spotlight for the next several quarter, he adds, ‘These products are not our primary reason for being in the stock. That honor goes to the company’s iMac line.'”
“Indeed, based on the expanding markets for the PC/digital world, he believes we will see an ‘unexpected surge’ in iMac sales,” Halpern reports. “He states, ‘I do believe that there are a number of forces coming together in the world of the digital consumer that suggest it may be possible for Apple to recapture perhaps as many as 4 to 8 percentage points of PC market share in just a couple of quarters.'”
Full article here.
MacDailyNews Take: While Apple’s iMac line is excellent, we think Pile’s idea is that the Macintosh in general – meaning all Macs – is being underestimated by some on Wall Street.
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