The momentum generated by Apple's iPod digital music players and related products continues to translate into new Macintosh sales according to one Wall Street analyst who estimates that over one million Windows users have purchased a Mac in the first three quarters of 2005......
According to checks with Apple Store Specialists, Wolf also said a larger than expected percentage of Windows to Mac converts appear to be purchasing Apple's higher-end systems and that their transition is fueled by the epidemic of viruses and malware on the Windows platform......
Welcome, converts! It's always nice to have new friends in the Apple family.
Despite the Needham's positive comments on Apple, the firm on Monday downgraded shares of the company's stock to "Hold," saying it believes Apple shares are now "fully valued."
"We’re downgrading Apple from a buy to a hold because the company’s share price has reached our revised price target of $61," Wolf said. "During the past year, in response to the introduction of breakthrough new iPods and Macs and outstanding financial results, we’ve doubled our price target."
Personally, I rated Apple a "buy" based on recent visits to the Apple Store. Of course, I'm not a stock professional and you should do your own research. Due diligence and all that....(I remember $12 a share....and $25 not so long ago.......like around the time I sold. That should tell you all you need to know about the risks of taking my advice on the stock market.) More at AppleInsider.
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Posted by: Click | July 12, 2008 at 07:43 PM