toggle

AAPL Stock: 102.5 ( + 0.25 )

Printed from http://www.macnn.com

Barclay's: Macs, Touches likely to be up in Dec. quarter

updated 03:45 pm EST, Tue December 22, 2009

iMac delays blamed on combination of factors

Apple stock is currently attractive for a variety reasons, writes Barclay's Capital analyst Ben Reitzes. The stock is now sitting at approximately $200, and said to be poised to hit $235. This is primarily because of Mac sales, which Reitzes argues will grow at least 22 percent in the December quarter, and likely more. A recent iMac shipping delay is attributable to both technical problems and unexpected demand, he adds.

The Touch is meanwhile said to be climbing in sales relative to other iPods, which benefits Apple due to higher selling prices. iPod units are still forecast to dip 5 percent this quarter creating a 10 percent drop in revenue, but Reitzes remarks that the figures may be unrealistically bleak. The Touch is popular enough that other analysts note it is cannibalizing some iPhone sales.





by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Logitech Hyperion Fury mouse

Selecting the correct gaming mouse comes down to finding a device that balances the needs of a user with a price they can afford. Ofte ...

Life n Soul BM211 Bluetooth speaker

Bluetooth speakers aren't only for listening to some music at the park or on a long bus ride, but can also be built with tablets in m ...

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

toggle

Most Commented