Apple (AAPL): A MacBook Refresh May Be In The Cards - RBC
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RBC Capital analyst, Amit Daryaniani, reiterated his Outperform rating on shares of Apple (NASDAQ: AAPL) after pondering AAPL catalysts and determining that a MacBook refresh could be in the cards sometime in CQ4:16, most likely at a separate event following the September iPhone event and (possibly along with the traditional iPad refresh event)..
The analyst stated "The updated device could include several major upgrades vs. current generation with a thinner form factor, addition of an LED touch screen strip, and option for a dedicated graphics processor (GPU). While Mac revenues represent ~10-15% of total AAPL sales, we think a product overhaul could be positive for Mac revenues which saw three consecutive quarters of y/y declines so far for FY16 and could return this segment to growth in FY17".
No change to the price target of $117.
Shares of Apple closed at $109.08 yesterday.
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