Nate Pile: Analysts are dramatically underestimating Apple’s Mac resurgence

“Apple’s stock has continued to buck the trend on Wall Street, posting a 14%-plus gain in the four weeks since last month’s issue went to press,” Nate Pile, the editor of Nate’s Notes, explains. “And, while there is always the chance that a negative surprise will suddenly materialize for the company, I continue to believe that the company’s prospects are still the brightest they have ever been, especially when it comes to the company’s computer business.”

Pile writes, “In a nutshell, I believe that analysts are still dramatically underestimating the chances of Apple pulling off a major coup in this space by returning to double-digit market share ‘far sooner than anyone believes is possible.’ In anticipation of a great holiday season, AAPL is now a strong buy under $185 and a buy under $220.”

Source: Nate’s Notes Issue 155

35 Comments

  1. In the past month alone, three of my close windows friends have purchased Macs. I would say that the market share is over 10% already also… and given how PACKED the Apple stores tend to be in the NY area…

    BTW – I fondled a new iPod Nano today, and was really impressed. I have packs of chewing gum that are bigger. Quite nice! I won’t give up my iPhone, but it is really nice!

  2. My own anecdotal evidence. Before Thanksgiving, I was in O’Hare airport. I walked up and back from a Starbucks counter, passing ten or so gates on the way. I counted all the laptops in view. There were 15 PC laptops and 15 Macs. When it comes to the laptop market, Apple must have dented 10% share by now.

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