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Technology Stocks : Apple Tankwatch -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (15465)	1/18/2012 5:19:13 PM
From: puborectalis	Respond to of 32692

Barclays Capital’s Ben Reitzes this afternoon reiterated an Overweight rating on shares of Apple ( AAPL) and a $555 price target, writing that the company’sMac computer sales are poised to continue to outgrow the personal computer industry. Reitzes notes that the most recent PC market report from research firm NPD, released last week, showed just 12% unit growth for the Mac in November in the U.S., below the total projected growth of 22% he’s been modeling for Apple worldwide. But Reitzes is unperturbed, writing that U.S. sales will be made up for by “rapid expansion in China and an extra week of sales in the 14-week December quarter, which could add several hundred basis points of help.” Reitzes’s note is somewhat of a contrast to yesterday’s note by Piper Jaffray’sGene Munster, who cut his Mac estimate in the face of the “soft” data from NPD. Interestingly, Reitzes also took the opportunity to respond to Apple’s decision last week to disclose its suppliers and how they met with the company’s terms of “responsibility.” (Apple also said it would join a labor rights group, the Fair Labor Association.) Writes Reitzes, “We believe these steps taken to improve working conditions at partners are very important to Apple’s reputation long term. Furthermore, these steps should only help its ability to expand in China and work with authorities in the region.”