A UBS analyst yesterday describing Apple as maintaining "positive momentum" in its second quarter.
The observation is good news for Wall Street, as Apple's second quarter is traditionally weak. UBS analyst Benjamin Reitzes said: "Our checks indicate that the company is seeing a very solid reception for the new Mac Mini and iPod Shuffle, as well as strong sales of new PowerBooks."
Apple on the rise
CBS MarketWatch reveals he predicts continued growth for Apple in the rest of the year, and describes any product shortages as being "alleviated by next month".
He raised second-quarter earnings estimate to 45 cents a share, up from 41 cents. He anticipates quarterly sales at $3.19 billion, and issued a 12-month target of $99 on the company stock.
Apple market to expand
Looking forward he expects further growth - this time driven by Apple's software products. MacObserver reports he said: "The next big 'multiplier' business to get attention will be Apple's software." He expects software to yield $1 billion in revenues for the company (a "conservative" figure, he said).
He predicts that Apple's next OS, Mac OS X 10.4 Tiger, will ship by July, and said: "The time is right for Apple to regain (market) share on the back of Tiger."