“Needham & Co initiated Apple Inc with a ‘buy’ rating and a $235 price target, and said with the surging sales of the Macintosh and the iPhone, Apple is poised to begin the second chapter of its growth story,” Anant Vijay Kala reports for Reuters.
“‘The iPod is yesterday’s news. Now the Apple story is all about the Mac and the iPhone,’ Needham analyst Charlie Wolf wrote in a note to clients,” Kala reports.
Kala reports, “Macintosh’s share of the worldwide personal computer market is likely to exceed 7 percent in the next decade, up from the current 3 percent, and the company is expected to post 2008 earnings of $5.25 per share, Wolf said.”
“The analyst was also bullish on the iPhone,” Kala reports. “‘The iPhone has redefined the smart phone market; and with constant innovation it should remain the gold standard of the industry indefinitely,’ Wolf wrote.”
Full article here.
” . . . it should remain the gold standard of the industry indefinitely.”
That’s an amazingly strong endorsement. Nice.
as long as its not the Lucky gold star of the industry, I’ll be pleased
Didn’t we just hear that the Mac is already at 7.3% of market share, or was that referring to a different statistic?
Either way, this is definitely an encouraging endorsement for sure.
I believe that 7.3% figure is marketshare in the U.S. of A. I just wish oil prices would stop degrading my AAPL share value.
Needham? Who needs ’em. This moron’s arguments are laughable. Nobody and I mean NOBODY is buying a MAC because they’re too expensive and proprietary. The I-Phone is another disaster when you can get a Windows Mobile based Motorola Q for U.S. $99. And another thing, have you heard of a little something called Exchange support, Apple? Neither the MAC or I-Phone have Exchange support relegating both to the 2% market share category.
The only thing he gets right is when he says “the I-POD is yesterday’s news.” Microsoft released the fantastic Zune 2.0 and the writing is on the wall for the soon to be EOL’d I-POD.
Your potential. Our passion.™
Yes, an encouraging endorsement.
Here’s another-
Joe Biden ’08.
I wonder who Zune Tang hopes for in the upcoming election.
Probably a republican candidate.
Always
Have you noticed it is the three least experienced candidates getting all the coverage on the Democrat side?
That is good for us Conservatives, but a shame for Biden and Dodd.
Of course Huckabee and McCain are getting all the press on the right. I guess it balances. (No, I’m not saying the Senator from Arizona isn’t qualified).
1. Does anyone other than Steve really know what the exact single digit percentage of the market that Macs actually represent – world wide and US?
2. I hope this guy is right saying there will be more focus on Apple’s computers in the year ahead.
The sudden love affair gadget freaks have with tunes players, phones, teevee devices, etc. ends just as suddenly when some other cheaper and better toy tops the current ones.
The future for Apple is the Macintosh. Anyone who loses site of this reality, including the infajmous Mr. Jobs, will live to regret it.
Always Right,
Rename yourself to Always Left because you’re definitely not right.
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Paul 08!
Maybe Huckabee (still sorting this out)
INDEFINITELY! -LY -ly -ly -ly……..
TT-
Yup. It is pathetic. A read a blog where a caucus-goer was asked who she was going to support- Clinton, Obama, or Edwards.
She replied “Joe Biden”.
Pollster repeated question.
She reiterated “Joe Biden”.
Pollster said “OK, that’s another ‘undecided’, and hung up.
Then there’s the media.
They suck.
We’re getting dumber, people.
@Couple of Things,
US about 7%. Worldwide about 3%.
ok, so I can’t spell ‘infamous’.
Please allow me to change the adjective describing Steve Jobs to: “the highly overrated Mr. Jobs”…
Thank you.
Those percentages, as always, don’t account for “dumb” terminals.
I.E., the terminals that run cash registers, etc.
In any given retail outlet, for instance, there may be 5-10 pc’s, and 20-30 terminals.
Installed base is what matters.
Number is closer to 15%.
http://apple.slashdot.org/article.pl?sid=05/06/05/0548225
http://en.wikipedia.org/wiki/Apple_Macintosh
The iPod is yesterday’s news? Says who?
@Couple of Things: “The future for Apple is the Macintosh.”
No, it is not. Such a view is simplistic, retrospective and just plain wrong.
The future of Apple is capitalizing on OSX and its core technologies. Not only is this efficient — one basic OS, many devices — it is the foundation for an ecosystem with many benefits for its users. As we will see in just a couple weeks, technologies pioneered in the “gadgets” will find their way back into the Macintosh, enhancing and extending that user experience.
Honestly, I do not understand the insistence, by the Mac fanboys, that Apple be just a “computer company.” The current product mix has created the most dynamic technology company on the planet, including a MacOS (Leopard) that is unquestionably the best OS ever put on a personal computer.
Apple has grown up; the fanboys need to do so, too.
hmmn….
I just read the wikipedia mac entry that I posted the link to (see my previous post).
Maybe some-one should edit.
“The Macintosh operating system enjoys a near-absence of the types of malware and spyware that affect Microsoft Windows users.[46][47][48] This is due to both Mac OS X’s UNIX roots and smaller user base. Both of these factors drive malware creators to develop for Windows. However, worms as well as potential vulnerabilities were noted in February 2006, which led some industry analysts and anti-virus companies to issue warnings that Apple’s Mac OS X is not immune to viruses, as is commonly misconceived.[49][50][51] Regardless, there has not been an outbreak of Mac malware, and Apple routinely issues security updates for its software.”
@Zune Tang
I have finally discovered your true identity, and I’m posting it here for the (Mac) world to see. You are…
the former Iraqi Information Minister Muhammed Saeed al-Sahaf!!
That explains a lot.
Hey!! The conversation went into politics and everyone stayed nice!!!
* * You see, it can be done! * *
I think we can all agree that it’s laughable to believe the press is anything except slanted.
Eg:
Congressman ‘A’ (who the press likes) was unavailable for comment.
Congressman ‘B’ (who the press does NOT like) refused repeated requests for an interview.
In 2007 there were 2 stories that I had intimate knowledge of. In both, the ‘reporting’ was a joke.
I don’t even bother anymore.
@ TowerTone
Sounds like neither of us heart Huckabee.
C1
actually, I like the guy a lot. Good talker and all. I just have no desire to see him as our President.
Chief of Staff, maybe…..
Paul ’08
Paul ’08
Paul ’08