toggle

AAPL Stock: 121.13 ( -1.24 )

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

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

HP 14-x030nr 14-inch Chromebook

If you're like us, chances are you've come to realize that you need the ability to access the Internet on the go. Also, you've prob ...

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

toggle

Most Commented