“By the time she’s done, she’s raised her iPad sales estimates [to] 10 million units in calendar 2010 (from 6 million) and her Apple price target to $332 from $310,” Elmer-DeWitt reports. “In her ‘bull case’ scenario, the stock could climb as high as $440 by May 2011.”
Elmer-DeWitt reports, “What’s turned her head? The blistering sales of the iPad and the diminishing growth of netbook sales. Among her findings: The iPad is on track to become if not the fastest, then the second-fastest ramping mobile Internet device out of the gate after the netbook. Early iPad usage patterns validate the tablet as a computing device. It’s already overtaken the Web browsing share of devices like the iPod touch. [iPad is] at least partially responsible for a sharp drop in the growth of netbook sales, which decelerated to -13% year-over-year in the month of April, from +45% in the first quarter of 2010. Huberty thinks the netbook phenomenon may have peaked; she expects tablet sales to overtake netbooks by 2012.”
Full article, with charts, here.
Closer.
damn 7 to 10 business day shipping, still waiting for mine.
Keep in mind that the sales of netbooks last year was the only real growth for the PC box makers. Poof! It is gone and Apple owns that market share group now!
How things have changed…
Remember just a short 19 months ago when Katy had a $95 price target on AAPL?
Glad to see she’s sipped the kool-aid.
I always considered the possibility that the netbook was a dead end, or maybe SJ comments convinced me. Either way, once again, SJ was right-netbooks are a dead end.
@jaundiced
I say who the hell cares if netbooks are dead or alive. The travesty in all this iPad mania is that Steve insists that the damn gadget is a replacement for real computers.
This is not the mobile device era – it will forever be known as the era when technology took a giant step backward. (Although I think the new phone is cool but, like all phones and tablets, soon to be eclipsed by some other company’s phone.)
We are now looking for the next Steve Jobs. The old one is done.
@ Truck Driver,
Steve said the transition away from traditional PCs would be painful for some people, but there will always be trucks.. So don’t worry, you’ll always have a truck (PC) to drive.
@Truck Driver,
nerds have ruled the tech world for too long. It’s now normal people’s turn to drive.
Truck Driver
Is your post an attempt at humor?
She is converted and repenting. Keep going.
I think she sipped the kool-iPad