Senior analyst Gene Munster of research firm Piper Jaffray also believes the company is preparing to introduce a new smaller laptop that uses the iPhone's multi-touch technology, a move he says would serve as a strategic extension for Apple's current technology base. "We believe the likelihood of Apple launching an ultraportable Mac in the next 4-6 months is high. The move could take place in the form of [a] smaller laptop and/or a tablet device using the iPhone's multi-touch technology," Munster said. "Although we do not have firm evidence, either product would be a strategic extension of Apple's current technology base." The analyst says the new notebook could come in the form of an extension of Apple's MacBook family of laptops, incorporating a full keyboard with a small screen of 10 to 11-inches. "We believe such an offering would be a logical addition to the Mac platform. A new laptop with a smaller form factor than the current 13-inch MacBooks would help Apple continue its share gains in the portable category, especially in Asia where UMPCs are more popular relative to other markets." Apple tablet device in works? Munster also suspects Apple is busy focusing its development efforts on a multi-touch tablet device only slightly larger than the iPhone. Such a device would likely include most of the features and capabilities of the iPhone, as well as broad functionality above and beyond what the company's cellular handset is currently capable of. New features of a potential tablet would likely include data storage and the ability to save files, as well as document editing features. "We believe Apple's multi-touch technology is slightly ahead of competitors using touch based input technology, and as such we expect Apple to leverage its multi-touch technology in future products." Coming quarters Many industry experts agree that Apple's future remains bright in the coming quarters, pointing to the imminent release of Mac OS X Leopard as a driving force for sales which in turn would increase the Cupertino-based company's desktop computer market share. Apple has repeatedly bucked tech sales trends, increasing its own Mac sales despite falling overall computer shipments. The launch of an Apple-branded subnotebook and/or tablet device would likely help the company continue its positive growth trend. [Morgan Stanley report courtesy of AppleInsider, Lehman Brothers note courtesy of the Associated Press]