Apple Inc (AAPL)

[fmikehugo]

09:56 AAPL AppleInsider discusses Piper Jaffray analyst note (175.86 +4.32) -Update-

AppleInsider reports analysts for investment bank Piper Jaffray spent six hours this past weekend monitoring traffic at mall-based Apple retail stores and found that the shops exerted a gravitational pull on shoppers who came within 25 feet of the entranceways.

Specifically, analyst Gene Munster and his team found that 27% of people walking within 25-feet of an Apple store entrance wound up entering the store. Once in the stores, however, only a fraction of those shoppers actually purchased anything.

"The important point is this gravitational pull highlights that consumers' future buying intentions could be shifting to Apple from PCs," he explained. "If materialized, this shift should benefit Apple in 2008 and 2009."