Posted by: macintoshsisters | December 5, 2006

Apple looks set for huge market gains

Apple may secure 8.6 per cent of the global PC market by 2016, according to the analysts at Needham & Co.

Analyst Charles Wolf has upped his target price on the company’s stock from US$90 to $115 per share. The analyst observes “stronger than anticipated growth in Mac shipments” in recent quarters.

Wolf adds that the new valuation actually excludes any extra revenue and income that could be generated by “yet-to-be-announced products, such as the iPhone” – suggesting Apple’s fortunes next year could be even fairer than first thought.

The new valuation does take into account two successive quarters of strong Mac sales and tremendous sales of the iPod shuffle.

Wolf has consistently pointed to the success of the iPod and Apple’s decision to enable the running of Windows on Intel Macs using Boot Camp as catalysts that make it likely more Windows users will switch to Mac.

Full article at DIGIT

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