The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Mac Market Growth to Fuel Earnings

Mac Market Growth to Fuel Earnings

by , 8:50 AM EST, December 13th, 2006

Mac marketshare is expected to continue growing in 2007, and even a small increase will have a big impact on earnings, according to Piper Jaffray analyst Gene Munster. Completion of the transition to Intel processors, improved product availability, the growing Apple customer base, and the ability to run Windows on Macs will all act as catalysts for sales, helping to fuel Apple's bottom line.

Mr. Munster stated "We believe Mac market share can grow by 1 percent again in CY07, ending the year at around 4 percent, with an average for the year of 3.5 percent. In our estimation, an increase in Mac market share to 3.5 percent would lead to upside to Street CY07 EPS of $0.34 or 11.6 percent."

A 3.5 percent marketshare certainly would be good news for Mac users and Apple stock holders. The market consensus for Apple's 2007 marketshare, however, is at 2.7 percent.

Piper Jaffray is maintaining an "Outperform" rating for Apple stock with a target price of US$99. Apple is currently trading at $87.75, up 1.61 (1.87%) in the pre-market.


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.

Digg!

Recent Headlines - Updated November 1st

Fri,6:58 PM
Pee-Wee Herman Stars in Avengers Trailer
6:34 PM
Trent Reznor on Working for Apple: ‘It’s Everything I Asked For’
5:50 PM
Last Chance for The Complete iOS 8 Course With Swift for $89
4:42 PM
MacTech Conference 2014: Talk to Kelly and Dave!
4:30 PM
Apple Wins the Old-fashioned Way: Outsmart the Competition
3:00 PM
Judge Rules Cops can Force You to Touch ID Unlock your iPhone
2:02 PM
iOS 8: Adding Fitness App Data to the Health App
1:16 PM
TMO Daily Observations: 2014-10-31
11:25 AM
How To Clean Up and Rebuild Apple Mail Data [Yosemite Update]
9:39 AM
Judge to Unseal GT Advanced Bankruptcy Filing Documents
8:45 AM
Yosemite: Maximizing Windows & the Green “Stoplight” Button
Thu,7:17 PM
Meijer, the CurrenctC/MCX Member Who Refuses to Block Apple Pay
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!