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:
Analyst Upbeat on Apple Stock Outlook

Analyst Upbeat on Apple Stock Outlook

by , 10:00 AM EDT, July 23rd, 2004

Nate Pile, editor of investment newsletter Nate's Notes, recommends buying Apple Computer stock, saying the iPod maker is poised to reap benefits from the 'digital lifestyle'.

Mr. Pile told Forbes.com Thursday, "the 'digital lifestyle' era is still in its infancy, and I believe that Apple is at the forefront of defining what this paradigm shift will look like. The iPod/iTunes combination is clearly a huge success."

Mr. Pile also believes Apple will sell more Mac systems as well as people enter the holiday season and start making DVDs of videos and still digital photos.

Mr. Pile also anticipates Apple may make sales to the corporate market. "All it will take is one or two high-profile companies to migrate to Apple to open the floodgates for other IT managers to realize that they, too, should consider moving to a new platform," Mr. Pile said. "Now that Apple has a legitimate offering in this space, it would not surprise me if at least a few companies are contemplating a switch."

Expecting a pullback in Apple shares after the recent rise following the earnings report, said Mr. Pile, although he calls Apple a "buy" under US$34.00 and a "strong buy" below $28.00.

Recent TMO Headlines - Updated October 24th

Sun, 10:29 AM
iOS15: The New iCloud Recovery Service
Sat, 4:23 PM
Should You Install macOS Monterey On An Unsupported Mac?
Sat, 9:26 AM
The M1 Pro Vs. M1 Max Chip
Fri, 4:25 PM
What You Need To Know About macOS Monterey
Fri, 3:21 PM
Security Friday: News and Apple Watch Tips – TMO Daily Observations 2021-10-22
Fri, 3:15 PM
ISPs Demand More Money Because of 'Squid Game' Streaming
Fri, 2:56 PM
Coinstar Adds Bitcoin ATMs to Walmart Retail Stores
Fri, 2:51 PM
iOS: A New Charging Animation for Your iPhone
Fri, 2:20 PM
Battery Buddy Makes Charging Your MacBook More Fun
Fri, 2:00 PM
Apple Card Offered Six Percent Cashback in Error [Update]
Fri, 1:34 PM
macOS 12 Monterey Release Candidate 2 Available
Fri, 1:32 PM
macOS: How to Enable Touch ID Authentication for Sudo in Terminal
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Daily Observations
  • TMO on Twitter!