New iMacs to shift investor focus back to Apple's Mac story

Posted:
in Future Apple Hardware edited January 2014
A pair of new iMacs expected to be released by Apple Inc. on Tuesday should shift investor focus away from the early stages of iPhone sales and back onto the more significant story of the Mac market share growth, according to investment research firm Piper Jaffray.



"We believe Apple will introduce redesigned iMacs at a press event tomorrow," analyst Gene Munster wrote in a research note to clients on Monday morning. "Since early this summer when AppleInsider first issued the story, we have been anticipating an iMac update with a radically new form-factor."



Should the new iMacs arrive as anticipated, Munster believes they could drive upside to his September quarter Mac shipment estimate of 1.9 million systems. He told investors that Apple appears to be on a path of replicating its iPod strategy within its Mac business.



"For the past two years Apple has announced new iPod models in September, ahead of the holiday shopping season; this year Apple is announcing upgraded Macs ahead of the education buying season," the analyst wrote. "And similar to the successful holiday quarters in 2005 and 2006, we expect Mac sales in the 2007 education season to be strong."



Munster also told clients that believes the new iMacs will shift investor focus away from the early stages of iPhone sales and back onto the more significant story of Mac market share growth. He noted that during the last calendar quarter, Apple's worldwide Mac market share rose to a historical high of 3.0 percent, up from 2.6 percent in March and 2.5 percent in December.



In his note to clients, the Piper Jaffray analyst said he does not have any hard evidence of other products Apple may introduce at its event on Tuesday. However, some "unlikely" possibilities could include a new version of the company's iLife digital media suite, new monitors with built-in iSight cameras, or upgraded MacBooks.



"A 13-inch MacBook Pro model featuring an ultra-portable, lightweight enclosure is also a possibility," he wrote.



Munster maintains an Outperform rating and $211 price target on shares of the Cupertino-based Mac maker.
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Comments

  • Reply 1 of 46
    icibaquicibaqu Posts: 278member
    first



    curious to know what they'll look like so i can enter covet mode
  • Reply 2 of 46
    I've been holding out on buying a new iMac for quite a while now and even if they are substantially improved, I will still wait until Leopard is released before pulling out my credit card.



    Isn't it tomorrow yet?
  • Reply 3 of 46
    bdj21yabdj21ya Posts: 297member
    Quote:
    Originally Posted by icibaqu View Post


    first



    curious to know what they'll look like so i can enter covet mode





    Ah covet mode. What's the command line for that again? I think I'd like to enter covet mode tomorrow too.
  • Reply 4 of 46
    I smell another expensive consumer item to add to Santa's list...
  • Reply 5 of 46
    mgkwhomgkwho Posts: 167member
    Wow, Munster admits that he bases analysis off of a rumor site. Goes to show you he has no idea what he's talking about and how powerful AI and MacRumors and the like are.



    I don't know if I would personally base my financial decisions through Munster's reading-of-this-site, but then again it is AppleInsider. I guess that means I really should spend my money based on rumors!!



    -=|Mgkwho
  • Reply 6 of 46
    stubeckstubeck Posts: 140member
    Maybe I'm not reading this right, but he thinks the Apple stock is going to hit $211? When would this be since its gone down something close to 15 points in the last few days.
  • Reply 7 of 46
    Will the "i" in Mac be dropped to bring the desktop machines in line with their portable counterparts?
  • Reply 8 of 46
    Quote:
    Originally Posted by johnhood View Post


    Will the "i" in Mac be dropped to bring the desktop machines in line with their portable counterparts?



    "In line" in what sense? Each member of the Mac product family has "Mac" in their title. I'd say it's already pretty much in line.
  • Reply 9 of 46
    davegeedavegee Posts: 2,765member
    NINTH! ... err TENTH!



    I for one will be first in line for a new iMac for the wife.... The 17" G5 is looking long in the tooth **and** can easielly be handed down to her dad who is using a Purple iMac DV? G3! I kid you not... the hardest thing I'll have to deal with is breaking him from his Doom v1.0 habit... since I'd rather not install OS 9 if I can help it.



    Any tips on a good replacement for Doom v1.0 for a man thats 82 years young?!? (OS X game that is)



    Dave
  • Reply 10 of 46
    bsenkabsenka Posts: 799member
    Quote:
    Originally Posted by StuBeck View Post


    Maybe I'm not reading this right, but he thinks the Apple stock is going to hit $211? When would this be since its gone down something close to 15 points in the last few days.



    The drops in the stock are artificial, created by patently false investor analyst FUD. There are few guarantees in life, but Apple breaking $200 is as close as it gets.
  • Reply 11 of 46
    I've got my credit card ready. I'm buying as soon as the Apple Store goes back up tomorrow. Hopefully it'll arrive by the time the weekend rolls around.
  • Reply 12 of 46
    ncbillncbill Posts: 17member
    Information on the new models?



    Anyone...anyone...Bueller?



    Seriously, rumor sites obviously need to recruit some new sources.



    Forget pics, we don't even have specs on new Macs, the day before they are due to be released!
  • Reply 13 of 46
    Any word from Shaw Wu?
  • Reply 14 of 46
    eaieai Posts: 417member
    "the Cupertino-based Mac maker" What? Rather than the Seattle-based Mac maker?
  • Reply 15 of 46
    jousterjouster Posts: 460member
    Quote:
    Originally Posted by DaveGee View Post


    the hardest thing I'll have to deal with is breaking him from his Doom v1.0 habit... since I'd rather not install OS 9 if I can help it.

    Dave



    Well.....it ain't like he *has to* get rid to the G3 too...
  • Reply 16 of 46
    stubeckstubeck Posts: 140member
    Quote:
    Originally Posted by bsenka View Post


    The drops in the stock are artificial, created by patently false investor analyst FUD. There are few guarantees in life, but Apple breaking $200 is as close as it gets.



    I think there has been enough positive false investor analyst FUD as there has been negative. When do you think Apple is going to hit that? Its gone up by 45 dollars in the last few months, then gone down by about 12 lately. It isn't a very stable stock right now.
  • Reply 17 of 46
    Quote:
    Originally Posted by CanadianDude View Post


    I've been holding out on buying a new iMac for quite a while now and even if they are substantially improved, I will still wait until Leopard is released before pulling out my credit card.



    Isn't it tomorrow yet?



    I'm right there with you sir. It sucks...a lot! They need to release Leopard!!
  • Reply 18 of 46
    msnlymsnly Posts: 378member
    I never get any work done on Tuesdays...
  • Reply 19 of 46
    vinney57vinney57 Posts: 1,162member
    Quote:
    Originally Posted by StuBeck View Post


    I think there has been enough positive false investor analyst FUD as there has been negative. When do you think Apple is going to hit that? Its gone up by 45 dollars in the last few months, then gone down by about 12 lately. It isn't a very stable stock right now.



    Apple is not like other stocks because Apple is not like other companies in the sector. If you don't 'know' Apple then I suggest you stay away because you will need nerves of steel. If you 'get' Apple however then its probably been the most solid investment of the past five years... and the next five years. If you are basing buying decisions on the history of a few months you really shouldn't be in the game.
  • Reply 20 of 46
    This Photoshop mock-up is designed by eye-witness from Foxconn assembly in CZ. They've been making new iMac for couple of weeks now.



    http://oriesko.rajce.idnes.cz/temp/images/iMac_2007.jpg
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