Apple Inc (AAPL): 08:03 AAPL Apple shares could be impacte...

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Re: ljk post# 20553

Tuesday, 08/31/2004 9:13:12 AM

Tuesday, August 31, 2004 9:13:12 AM

08:03 AAPL Apple shares could be impacted by new iMac -- Piper Jaffray (34.12 )

Piper Jaffray believes that that the significance of the change in the iMac design will impact AAPL shares as investors begin to anticipate greater-than-expected iMac upgrade numbers. Co finally introduced the G5 iMac at the Apple Expo in Paris, which was widely expected by the Street. Apple announced three models, ranging in price from $1299-$1899. The old iMac started at $1799 so it appears to the firm that Apple is targeting a mass market with the new model. Firm feels that the ongoing rebound in the creative pro mkt will impact Apple sales. Also, they view last qtr's results as the first evidence that adoption of iPods has been improving underlying demand for Macs, and expects this trend to continue, bolstered by the international launch of the iPod mini.