Appleis new Power Macs and PowerBooks will help the company achieve the 32% year-over-year growth in unit shipments estimated by UBS Investment Research. Analyst Ben Reitzes reiterated a price target of US$65 per share, based on a multiplier of 31x over estimated fiscal 2007 earnings of $2.08 per share. The firm maintained a "Buy" rating on Appleis stock.
The research note obtained by The Mac Observer also noted that the release of Aperture, in addition to the new Macs, demonstrated Appleis continued commitment to the creative professional market. Mr. Reitzes noted that this market buys higher-margin products, and that this could help Appleis overall gross margins.
Apple closed higher in Wednesday trading following its new announcements. The stock closed at $54.88, a gain of 2.67 (+5.11%), on strong volume.
*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.