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.
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/extension.inc) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 108
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/extension.inc' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 108
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/common.) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 110
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/common.' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 110
Warning: include(/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/includes/bbcode.) [function.include]: failed to open stream: No such file or directory in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 112
Warning: include() [function.include]: Failed opening '/usr/local/etc/httpd/sites/macobserver.com/htdocs/forums/includes/bbcode.' for inclusion (include_path='.:/usr/share/php5:/usr/share/php') in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 112
Fatal error: Call to a member function sql_query() on a non-object in /var/www/bbm/macobserver.com/ee2/www/htdocs/comments/comments.php on line 532
Recent Headlines - Updated May 23rd
- Wed, 8:28 PM
- Apple Context Machine Podcast - ACM 205: Apple Tax Hearings & Samsung’s Delusions
- 5:23 PM
- Product News - Apple Updates iTunes & QuickTime for Windows, Windows 64
- 2:50 PM
- Quick Look Review - Designed by M’s AL13 Aluminum Bumper Is For The iPhone 5 Purist
- 2:02 PM
- News - Penguin Agrees to $75M Payout in ebook Price Fixing Settlement
- 1:00 PM
- In-Depth Review - An iPhone Veteran Evaluates a Samsung Galaxy Note II
- 11:13 AM
- TMO Appearances - Jeff Gamet Discusses Apple Taxes on MacVoices
- 10:25 AM
- Analysis - Corporate Tax Reform Needs to Start in the US, not Ireland
- 8:25 AM
- TMO Quick Tip - iOS Mail: Archive or Delete Individual Emails
- Tue, 8:16 PM
- Analysis - Apple to Senate: We Comply with the Law - Change the Law
- 5:10 PM
- The Back Page - Samsung’s Delusions of Relevance
- 2:11 PM
- Native Instrument Releases Abbey Road 50s Drummer
- 12:47 PM
- News - Senator Paul: Stop Bullying Apple
The Mac Observer Reader Specials
Support TMO, Buy from Amazon, MacMall and The Apple Store
