Analyst: Buy Apple as company could double or triple its iPhone, Mac market shares

“Sterne Agee’s Shaw Wu this morning reiterates a Buy rating on Apple (AAPL) stock… arguing that it’s time to ‘revisit’ his big picture theme on the company in light of the fact that the stock is 8% off its high despite rebounding yesterday,” Tiernan Ray reports for Barron’s.

“Wu writes that Apple is ‘arguably the best way’ to ride three ‘megatrends,’ namely, the proliferation of the ‘mobile Internet,’ the rise of cloud computing, and the ‘consumerization of IT,'” Ray reports.

Read more in the full article here.

Philip Elmer-DeWitt reports for Fortune, “[Wu writes] ‘We believe AAPL has opportunity to double or potentially even triple its market share in these end markets over the next few years, particularly with Greater China and international as underpenetrated opportunities… Apple’s got a strong product release schedule going into the holiday season, including iOS 5, iCloud and a new iPhone on top of the recent release of OS X Lion and three new Macs (MacBook Air, MacBook Pro, Mac Mini).'”

P.E.D. reports, “Noting that Apple is trading at 11.5 times his estimated 2012 EPS (9x if you exclude $81 per share in net cash), Wu reiterates his $500 price target.”

Read more in the full article here.

[Thanks to MacDailyNews Readers “David E.” and “Dow C.” for the heads up.]


  1. Just think of it. Apple invades Microsoft’s turf and eats its lunch in the consumer PC space after the launch of the disastrous Windows 8. Crazy numbers will result.

    1. Yes, I’ve noticed that since Wednesday. It usually occurs from market open to around lunch time. It’s not always every 15 mins, but the pattern is so regular, it has to be program trading. Actually, program selling, since if you look at the charts, it appears to be selling pressure.

  2. Many average people just consume. They look at the biggest / largest as a company that must be the best..

    Apple is slowly changing that.
    —IE is now 50% of world market… remember when it was 99%
    —Windows phones now ??? remember when they were much bigger?
    — iPads now are 85% of tablet market and selling millions. REmember when Microsoft was 99% and sold thousands… 🙂
    —- Remember when Plays for sure was big… since iPod they have gone away.

    Just a few thoughts about the future. When Apple is a larger seller and Microsoft is smaller,,,,, what will people who only buy the biggest buy????


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