Apple In Store for Strong Mac Holiday Sales
Apple In Store for Strong Mac Holiday Sales
by , 12:50 PM EST, December 6th, 2007
Apple's iPod may be the focus for many people, but RBC analyst Mike Abramsky thinks investors should keep their eyes on the Macintosh, too. The recent release of Mac OS X 10.5 and new iMacs, along with iPhone popularity is pushing many Windows users to jump ship and move to the Apple camp, according to Forbes.
Blending those factors together sets Apple up for what Mr. Abramsky called a "massive holiday" season for the Mac that could see a 47 percent year-over-year increase in sales.
Mr. Abramsky is maintaining his "Outperform" rating for Apple's stock, but is raising his target price from US$205 to $215. Apple is currently trading at $187.8199, up 2.3199 (1.25%).
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.
Recent TMO Headlines - Updated May 24th
- Wed, 4:19 PM
- Comprehensive Guide to Mac Trackpad Gestures and Force Touch
- Wed, 4:11 PM
- Watch the Game of Thrones Season 7 Trailer
- Wed, 1:44 PM
- What We Know About Apple’s 5G Wi-Fi Testing
- Wed, 1:36 PM
- Apple Music Trailer for Sean 'Diddy' Combs Documentary 'A Bad Boy Story'
- Wed, 1:23 PM
- Apple Wants you to Know Swift, Smarthome Fatigue - TMO Daily Observations 2017-05-24
- Wed, 10:59 AM
- Apple Launches New Swift Curriculum on iBooks Store for Free
- Wed, 9:00 AM
- Live Home 3D Pro for Mac: $24.99
- Wed, 8:52 AM
- macOS: Setting Your Default Printer
- Tue, 11:13 PM
- Apple Elevates Inclusion and Diversity to Rank of Vice President
- Tue, 8:30 PM
- How to Use Instagram Archive to Hide Old Photos
- Tue, 6:10 PM
- How to Use New 1Password Travel Mode to Protect Your Data
- Tue, 6:05 PM
- There's a $399 3D Printer on Kickstarter
