Apple Inc (AAPL)

[fmikehugo]

AAPL Apple Computer: Momentum should continue to drive stock - Goldman Sachs (77.53 ) 08:31

Goldman Sachs says their recent channel checks have confirmed backlog for the co's recently-announced iPod shuffle and Mac mini. More importantly however, and less well telegraphed, checks also provided information about Apple's quick and successful rollout of a much wider retail network and the co's increasing ability to upsell. In short, instead of the Mac mini cannibalizing sales of Apple's iMac consumer desktop, firm says Apple Stores and resellers are having success converting potential Mac mini buyers into iMac customers, providing a potential source of upside to firm's March qtr ests, with spillover into the June qtr. Firm believes momentum should to continue to drive AAPL, and they also expect positive news flow and upward earnings revisions to continue.