PDAStreet.com > News > Apple Soars on Rumors of New Macs & New Math Apple Soars on Rumors of New Macs & New Math
By Andy Patrizio
Apples ripen in sunshine, but Apple the company ripened thanks to some hot air. Rumors of new MacBooks, a target price upgrade and a lengthy and all together positive segment on CNBC stock picker Jim Cramer's TV show did wonders for the company's stock today.
Research firm Wedge Partners issued a note on Wednesday floating the belief that Apple (NASDAQ: AAPL) would release both new iMacs and new MacBooks "in the next several weeks." The firm expected the iMacs to be redesigned more than the MacBooks. The firm expects "new, lower price points to drive demand and create a meaningful competitive threat" to the expected flood of new PCs loaded with Windows 7, which is due on October 22. Wedge Partners said it thought Apple could surpass three million units in Q4. It sold 2.6 million in its most recent quarter. Get the full story here at InternetNews.com.
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