Analysts at First Albany has repeated its 'Buy' rating on Apple stock, with a $35 target price.

Reflecting most analysts, First Albany say that improved performance and lower or similar prices in contrast to the previous iMacs means they expect demand for the new iMacs to be "healthy" in the coming quarters.

The analysts also expect Apple to gain business momentum through the release of the HP iPod, iMac.

Apple does however continue to face deeply-constrained supplies globally across its product range. Affected models include: Power Mac G5's (particularly 2.5GHz dual processor G5s, which are seeing severe delays); 12- and 15-inch PowerBooks, eMacs, iPod minis and new iPods.

This could negatively impact the company's financial performance in its current quarter.