Analyst: New Macs, iPhones on the Way

| Apple Stock Watch

UBS analyst Maynard Um thinks Apple is getting ready to introduce Macs that sport Intel's new Nehalem processors in the next few months, and that a new iPhone announcement isn't far off, either. He also expects Apple may release an update for Mac OS X 10.5 with support for Nehalem processors as early as this month.

Mr. Um noted that rumors have started floating around Mac-related Web sites that Apple is planning a product launch event for March 24, "but we have yet to confirm an event. However, this would be consistent with our view that new desktops (and generally new products in the future) are likely to be launched at Apple-held events rather than trade shows," he said.

Apple may be close to introducing new iPhone models, too. Mr. Um thinks that the new iPhone 3G will sport 32GB of memory along with a 3 megapixel camera. He added "As we've noted previously, we believe Apple will launch a more competitively priced 4GB model," and that both will likely arrive in time for a mid-year iPhone anniversary launch event.

New Mac and iPhone models will likely translate into a catalyst for Apple's stock, and help the company's shares continue their rebound.

Mr. Um is maintaining his "Neutral" rating and US$105 target price for Apple's stock. Apple is currently trading at US$90.25, up 0.94 (1.05).

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Comments

Scott

Gee, if all it takes to be an analyst is surf rumor sites and piece together stories like this guy did, we could all do his job. He’s not stating anything that half a dozen other sites haven’t already said.

Bosco (Brad Hutchings)

That’s not all it takes. You also have to have a cool name like, um, Munster. Or, um, Wu. Or, um, Um.

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