Apple will continue to gain market share this year, analysts claim.
Piper Jaffray yesterday repeated its "outperform" rating and $52 target price on the company's shares, notes Forbes.
The analysts noted that Apple's market share has climbed approximately 10 per cent, quarter-to-quarter. It now holds 2.5 per cent of the global PC market, up from 2.3 per cent in the first quarter 2005.
More good news is predicted. "Apple benefits from carryover from the massive installed base of iPods during the back-to-school and holiday seasons," the analysts said.
Piper Jaffray agreed that Apple's digital music leadership is an important piece of the firm's growth strategy, but said iPod sales are not the only driver for this.
Earnings-per-share could climb 9 per cent if the company hits 3 per cent market share.