Apple shares rise
Financial analyst Lehman Brothers’ Dan Niles yesterday elevated his rating for Apple, leading company shares to increase.
Niles recognized Apple’s strong back-to-school sales and “other initiatives”, CBS MarketWatch reports. He elevated his rating to “overweight” from “equal weight.”
The analyst also stated the organization: “was to achieve in the lengthy-term potential from the Power Mac G5s and music-related revenue.”
Apple Chief executive officer Jobs chose Apple Expo to repeat his promise that the organization would ship 3GHz Power Macs by next summer time.
Standards and Poors (S&P) credit analyst Martha Toll-Reed a week ago stated: “Dell, Apple and IBM are likely to be early beneficiaries from it spending improvement.” S&P sees signals of growth in america PC industry, brought by elevated consumer paying for computers.
Apple chief financial officer Fred Anderson, who serves around the US Financial Accounting Standards Advisory Board, lately says Apple’s consumer market-share rose from 1.5 percent in June 2001 to three.5 percent in June 2003. He added that Apple’s US education share had rose from 15 to 16 percent.
A current ThinkSecret report claimed that Apple’s Q2 US notebook marketshare had leaped two percent from the previous quarter, comprising seven percent of the usa market, making Apple the 5th greatest notebook manufacturer there. The report claims that Apple is constantly on the buck trends – some vendors saw notebook sales rise eight percent, Apple achieved 48 percent development in the quarter.
Apple will webcast its financial results announcement on October 15 at 10pm BST.
Lehman Siblings yesterday elevated its target cost for Apple stock to $24 per share from $22. Apple closed up 61 cents (2.95 percent) at $21.30 per share.