Investment firm: Apple prospering with the iPhone, Mac
Posted by Dennis Sellers 
Jan 4, 2008 at 2:13pm
Needham & Co has reinitiated its investment coverage of Apple, noting that the Mac maker has moved past the “old” iPod to prosper with the iPhone and the Mac (as noted by AppleInsider.)
Yesterday the investment banking and asset management firm issued its first note to investors analyzing the electronics giant courtesy of analyst Charlie Wolf. The report issues a strong “buy” recommendation based on Apple’s “multi-pronged approach to its products and the underlying potential of the iPhone.”
Wolf said the iPhone is one of the keys to Apple’s long-term success. Mac sales have also been helped significantly by the ability to run Windows and may help Apple more than double its world marketshare from 3 to 7 percent sometime in the next decade, he added.
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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.
