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J.P. Morgan analyst Rod Hall commented Tuesday on how Gartner’s preliminary PC numbers impact Apple Inc (NASDAQ: AAPL).
“We believe that PC unit data is generally looking up for the first half of the year though ASP trends remain downward. Our main concern for the existing PC market is our Apple iAnywhere thesis which could begin to have a material negative impact this fall,” according to Hall.
The analyst note added that, according to Gartner’s preliminary results, “Global PC shipments were 83.7m units in Q4’14, 2.8 percent better than our estimate of 81.4m.
“In the US, PC shipments grew 13 percent Y/Y to 18.1m...while Apple lost 0.2pp share Y/Y to 11.7 percent.
“Total PC shipments grew 2.8 percent Y/Y in EMEA to 26.5m and by 2 percent in APAC to 26.6m units.”
Hall added that “Gartner believes that the primary driver for growth was mobile PCs including notebooks and 2in1s. Also, low priced notebooks in the $300-$200 price point reportedly boosted shipments.”
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The firm maintained an Overweight rating on Apple.
Apple Inc traded at $110.53 in Tuesday’s pre-market, up 1.17 percent.