Analysts: Macs should see big holiday sales
Posted by Dennis Sellers 
Dec 7, 2007 at 4:53pm
Consumers are becoming more comfortable making the jump from Windows-based PCs to Macs, and this growing comfort is pointing to big holiday’s sales of the tech company’s computers, according to Forbes. Shares of Apple rose 1.5 percent, or US$2.88, to $188.38, after two analysts lifted their price targets on Apple shares.
Both said they expect strong holiday Mac sales. In a note to clients, RBC analyst Mike Abramsky upped his price target of Apple shares to $215 from $205. According to Forbes, he expects a “massive holiday” season for Macs and expects Apple’s computer shipments to jump 47 percent year-over-year during the company’s holiday season quarter.
Bear Stearns analyst Andrew Neff also upped his price target on Apple stock. He raised it to $249 from $243. Neff said the new iMacs, competitive pricing and expanding distribution are all helping grow Mac sales, notes Forbes.
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Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 4,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
