Investors, Wall Street React Favorably to Apple, iPad 2
Apple stock is once again trading higher Thursday, up more than $6 per share to $358 at noon CST. The bounce is being widely attributed to a combination of factors, certainly not the least of which are the introduction of the iPad 2
and the return (even for just one day) of Apple CEO Steve Jobs who proved to be his "old self" during Wednesday's live media event in San Francisco.
The general consensus among Wall Street analysts appears to suggest that Apple's second generation tablet, complete with everything from dual-core processors to Smart Covers
puts Apple in a strong position to remain not only the leader among today's tablet makers, but also the dominant force that will largely run the table of the burgeoning tablet industry for the foreseeable future.
On Thursday, George Shiffler, research director at Gartner told the Wall Street Journal
that one of the primary reasons Apple shares are poised to move higher is the total impact Apple products - chiefly the iPad - are having on the computing world. "Consumer demand for Apple Inc.'s iPad and other tablet computers is sapping demand for traditional laptop computers," the WSJ reports. As a result, Gartner Inc. is among many Wall Street research and investment names to reduce its forecast for global computer shipments. "We expect growing consumer enthusiasm for mobile PC alternatives, such as the iPad and other media tablets, to dramatically slow home mobile PC sales, especially in mature markets," Shiffler says.
Source: Wall Street Journal