Apple shares pop on strong MacBook estimates

“Apple Inc. shares picked up in premarket trading Monday as analysts predicted the appeal of the computer company’s latest notebooks will outweigh a weaker outlook for iPod and iPhone sales amid a dismal holiday season for retailers,” AP reports.

“JPMorgan analyst Mark Moskowitz… raised estimates for Mac notebooks, “AP reports. “Oppenheimer & Co. analyst Yair Reiner gave a similar outlook for Apple… ‘Even with the consumer battling hypothermia of the wallet and soul, we believe the fundamental attraction of the Mac — its aesthetic appeal, usability, and integrated multimedia applications — will continue to peel users away from the Windows mold,’ [Reiner wrote in a note to clients.]”

Full article here.

MacDailyNews Note: Shares of Apple Inc. (AAPL) are currently trading up $3.87, or 4.69%, at $86.45.

[Thanks to MacDailyNews Reader “Martin” for the heads up.]

9 Comments

  1. Well, to be fair, “believes” wouldn’t have been caught by a spellchecker.

    But I agree with you, the entire market is just a mess of speculation and insecurity. Any stock will pop if there’s something that gives day traders even a little bit of hope.

  2. Yes … that one requires a human intelligence to decipher. Or a grammar checker. Something I have given up using because well over 90% of my “errors” are intentional misuses of the language, intended to make some point or other.
    It’s often interesting to see the market respond to some dollop of sanity “discovered” by some analyst or other. Apple is one of the healthier companies around, with solid financials and growing shares of several growing markets. AAPL is a windblown leaflet tossed by the uncertainty of foolish market whims. Still, AAPL will be around as long as Apple is. While this is also true of Dell, that future seems less certain.

  3. “…fundamental attraction of the Mac [sic] — its aesthetic appeal, usability, and integrated multimedia applications — will continue to peel users away from the Windows mold.”

    WTF? The fundamental attraction of the MAC is the stupendously high level of pretentiousness it gives people. I can build my own PC and customize it any way I want for way less than a toy MAC. And Multimedia applications? Whatever. It’s spreadsheets and Exchange-based e-mail systems that pay the bills. Dorks.

    I’m a PC.

    Your potential. Our passion.™

  4. @handsome smitty
    Not everyone here uses English as a first language. This is a global site, get used to it! How about you go to a German site and get involved? Could you contribute anything? Doubtful!

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