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.
