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J.P. Morgan: MacBook Air could become $3 billion business for Apple

“Online services such as Apple’s iCloud offering could help turn Apple‘s ultra-thin MacBook Air into a $3 billion-a-year business, even as sales of fatter notebooks and desktop computers stagnate, J.P. Morgan analyst Mark Moskowitz wrote in a note to investors Thursday,” Brian Caulfield reports for Forbes.

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“First quarter unit sales were five times those of the year-ago period, thanks to the introduction of new MacBook Air models in October — with Moscowitz arguing the new MacBooks represent a “breakout” product for Apple,” Caulfield reports. “Over the next 12 to 18 months, Moskowitz estimates Apple will sell roughly 700,000 of the notebooks each quarter — up from just 432,000 units in the first quarter of 2011.”

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