Saying Apple offered "valid reasons" for the switch to Intel products, Mr. Wolverton said the move "could lead customers to delay computer purchases or choose rival systems" such as Windows-based PCs.
"The move to Intel-based computers could give consumers pause," he wrote. "And consumers might not be the only ones delaying purchases. While business customers generally use Windows-based PCs, the Macintosh is strong in several industry niches, including the entertainment and education sectors."
Mr. Wolverton said Apple has lost customers and market share with each of the companyis past transitions, but admitted many analysts believe the move to Intel will be beneficial to Apple in the long term.
He concludes, "But if Appleis halo shines brightly in the future because of the move, it may well dim in the near term."