In a note to clients — as reported by “CNN Money” (http://macte.ch/RI3iM) — Sterne Agee analyst Shaw Wu says Apple shares are still a “compelling buy” for several reasons:
° The company still has only 4%-5% share in mobile phones and 4%-5% in computers (12%-13% including the iPad) so has the opportunity to double or potentially even triple its market share in these end markets over the next few years, particularly with Greater China and international as “underpenetrated opportunities.”
° Apple is one of the best ways — if not the best way — to play what he sees as three “mega trends”: 1) the mobile Internet, 2) cloud computing, and 3) consumerization of technology.
° Apple has a strong product release schedule going into the holiday season, including iOS 5, iCloud and a new iPhone on top of the recent release of OS X 10.7 (“Lion”) and three new Macs (the MacBook Air, MacBook Pro, Mac Mini).