“Apple Inc.’s refreshed line of iMac desktops provides eager buyers with a new thinner, glass and aluminum design – timed to make an increased push against rival Microsoft Corp.,” Jonathan Ratner reports for The National Post.
Ratner reports, “‘Apple’s iMac update targets the sole of the home and student market, a key battleground for Microsoft switchers, and potential subsequent premium upgraders,’ said Mike Abramsky at RBC Capital Markets.”
“The move also reduces the chance of a sales slowdown at Apple ahead of the expected release of its Tiger [sic] operating system in October, the analyst said in a research note,” Ratner reports.
“Mr. Abramsky expects Apple will sell 2 million Macs in the fourth quarter of fiscal 2007,” Ratner reports. “Meanwhile, RBC’s checks at both Apple and AT&T stores in major U.S. cities this week suggest iPhone demand and sales momentum continues to be steady. As a result, Mr. Abramsky reiterated his 18-month iPhone sales outlook of 13.4 million units. He continues to rate Apple at ‘outperform”’ with a US$175 price target.”
Full article here.
MacDailyNews Note: Apple shipped 1.764 million Macs in it’s fiscal 2007 third quarter ended June 30, 2007.