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 February 23rd
- Tue, 8:19 AM
- Facebook Turns The News Off And on Again - Media+
- Mon, 3:54 PM
- How Apple Watch Series 6 Helps You Track Sleep
- Mon, 3:08 PM
- Apple Watch Series 6 - ECG and The Future of Health
- Mon, 3:05 PM
- Netflix Introduces Automatic Downloads in Mobile Apps
- Mon, 2:59 PM
- Silver Sparrow and You – TMO Daily Observations 2021-02-22
- Mon, 2:56 PM
- Apple’s “Billie Eilish: The World’s A Little Blurry” Premieres Live on February 25
- Mon, 2:52 PM
- New Apple Watch Series 6 Video Shows its Workout Tracking Capabilities
- Mon, 2:27 PM
- Epic Games Cannot Contest Apple Fortnite Ban in UK, Says Court
- Mon, 2:26 PM
- Here’s What Working With Apple is Like, According to Ron Moore
- Mon, 1:52 PM
- Ansix Designs Launches Aluminum MagSafe Wallet for iPhone 12
- Mon, 1:48 PM
- TEZL 1080P HD Webcam with Privacy Cover: $29.99
- Mon, 1:40 PM
- Apple Beats Samsung to Top Q4 2020 Smartphone Sales Chart
