Analyst Wu: Apple’s MacBook Pro and iPad sales strong; ups AAPL price target to $320

Apple Online Store“In a research note issued this morning, Kaufman Bros. analyst Shaw Wu says his checks suggest sales of the iPad and new MacBook Pros are both quite strong,” John Paczkowski reports for AllThingsD. “‘Our sources indicate that Mac momentum is strong helped by a recent significant refresh of the MacBook Pro to new Intel Arrandale processors, offering much better price-performance and an industry best 8-10 hours of battery life,’ Wu writes. ‘While it is still early, we believe the Mac business is tracking to its third consecutive quarter of 20%+ Y/Y unit growth indicating further share gains.'”

Full article here.

MacDailyNews Note: Wu has bumped up his price target on AAPL to $320 from $315.


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