Studies Show Pent Up Demand for Appleware in Corporate Settings

Apple (AAPL) will continue to benefit from having a relatively small base in the enterprise. Two new credible surveys point to fairly high pent up demand for both Mac computers and the iPhone in corporate settings. Goldman Sachs was out with one showing 17% of companies plan to support the iPhone on their networks in the next year.

Another from upstart ChangeWave suggested that while only about 8% of businesses were deploying Apple computers today, over 20% of them desire them. 

These numbers support continued market share gains and above average growth and profitability for Apple. Apple is a long-term core position for us so this serves merely to support current conviction levels on the name. Fair value estimate remains at $250/share.

Disclosure: Long AAPL.

Comments

[wallawallab...:]

By the time wallstreet wakes up it will be too late to get in the right side of the trade.

2008 Jul 08 07:04 AM

[buyitcheap:]

In the doctor's office yesterday, I read a fantastic piece in radiologytoday.net about the high demand from physicians offices for better imaging/display and the system of choice was Mac but again, the issue is lack of app providers but more are coming forward to develop the required applications - sounds like opportunity to me.

2008 Jul 08 07:28 AM

[jmmx:]

Well I agree that fair value is at 250, perhaps a little less at this point in time, but I do not believe that there is any consensus on this figure. Yet you state it as if it were a fact.

So - in the point of accuracy in reporting - WHO's "fair value estimate" is this?

2008 Jul 08 10:16 AM

[Toni:]

All good. All well. Are we at 250 ? 230 ? 220 ? 200 ? 180 ?

Toooooo bad.

2008 Jul 08 10:32 AM

[mollytjm:]

short term stock prices are of little value to the long term investor, as long as the company has sound fiscal practices, innovation, good products and good technical support. Apple makes money hand over fist every single day. Eventually, so will it's investors. Bad markets don't last forever.

2008 Jul 08 11:08 AM

[wallawallab...:]

I can count on one hand companies worth investing in given the state of the economy. Apple is among them.

2008 Jul 08 12:15 PM

[reagan:]

Toni is a loser. Get some new material.

2008 Jul 08 01:25 PM

[wallawallab...:]

Toni just ain't the sharpest tool in the shed, witness these:

seekingalpha.com/user/...

2008 Jul 08 04:07 PM

[Neil Anderson:]

For some iPhone medical apps, check out: MIM; Epocrates Rx; and the wonderful collection by Modality Inc for Netter's Anatomy and Neuroscience.

2008 Jul 11 01:01 PM