Analyst Offers WWDC Expectations
TMO Reports - Analyst Offers WWDC Expectations
by , 1:05 PM EDT, August 1st, 2006
American Technology Research analyst Shaw Wu on Tuesday outlined his expectations for Apple CEO Steve Jobs' keynote to kick off the Worldwide Developers Conference (WWDC) in San Francisco next Monday. They are: the introduction of an Intel-based successor to the Power Mac; "a 70% chance" that an existing Mac will be equipped with Intel's new Core 2 Duo processor; how Apple will incorporate running Windows in the next version of Mac OS X, dubbed Leopard; and a low probability of new iPods being introduced.
Mr. Wu said of Windows in Leopard: "While we believe AAPL will most likely go the 'safer' route with Boot Camp to avoid being bombarded with Windows support costs, our analysis indicates that there is great customer demand for a seamless way to run Windows simultaneously on Mac. Even if AAPL chooses not to go 'virtual,' users can purchase Parallels Desktop, which offers this capability. Should AAPL decide to go virtual, we view this as a material catalyst in driving incremental Mac units, particularly from switchers."
The analyst also continues to expect to see new iPods in September or October, roughly a year since the introduction of the video iPod and iPod nano. "There is always room for firsts," he wrote, "but WWDC is a Mac event and has not been used in the past for major iPod announcements. We anticipate a separate event to announce new iPod related products."
Mr. Wu reiterated his "Buy" rating on Apple's stock, with a US$75 price target. He added a caveat, however: "Given the recent fast and furious 35% appreciation in Apple shares, helped by newfound enthusiasm, we believe near-term upside could be difficult and we would not be surprised to see a relief pull-back, particularly if investors find Apple's announcements disappointing." At 12:51 PM EST on Tuesday, Apple's stock was selling for $66.51, down $1.45, or 2.13%, for the day. That is the first substantial drop for the shares since the company announced its previous quarter earnings on July 19.
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
- Thu, 7:56 PM
- Apple’s First WSJ Mention: Just Three Words in 1978
- 6:28 PM
- How To Bend iTunes Radio Stations To Your Will With Tuning Options
- 5:51 PM
- RadioShack Planning iPhone 5s Discount this Friday
- 4:50 PM
- Honda’s ASIMO Personal Robot is Scary Good in its Movements
- 4:42 PM
- HTML 5 Crash Course for Beginners - $29
- 3:55 PM
- Jeff Carlson’s Handy Tutorial on Using the iPad as a Photography Aid
- 2:00 PM
- Heartbleed Update: OpenVPN isn’t Safe, Either
- 12:50 PM
- ‘iPad and iPhone Kung Fu’ Book is Loaded with iOS 7 Tips and Hints
- 9:55 AM
- Apple’s iOS 8 to Reportedly Include Shazam Music Recognition
- 9:28 AM
- Sponsor: Merlin from Project Wizards
- 8:48 AM
- New Cars for Anki Drive Hit the Track
- Wed, 10:02 PM
- ACM 250: Apple’s iPhone Pricing, Samsung’s Fudging, Amazon’s Ambition