Needham reiterates strong buy on Apple
Thursday, April 24, 2008 - 03:29 PM EST"Needham analyst Charlie Wolf says Apple's (AAPL) $1.16 second quarter EPS, and $7.51 billion revenues easily topped guidance," Standard & Poor's reports.
"Wolf says there was only one story in the second quarter -- Mac sales; in a PC market that experienced 12% growth, Mac shipments rose 51%. He cites three key drivers of the acceleration of Mac shipments: 1) iPod halo effect, where Windows users owing iPods switch to the Mac; 2) Apple Stores, which have emerged as big contributors to Mac sales growth; 3) Mac's ability to run Windows applications courtesy of the launch of Mac OS 10.5," Standard & Poor's reports.
"He cuts $5.35 fiscal year 2008 (September) EPS estimate to $5.25 due to lower interest income. But he raises $6.65 fiscal year 2009 to $6.70. He maintains a $235 price target on the stock," Standard & Poor's reports.
Full article here.
= 
Finally some positive analyst remarks... from the firm of Dewey, Needham and Howe.