Apple to announce MacBook update in June?

An analyst says the tech giant may refresh the computer line sooner than expected.

By TheStreet Staff Apr 29, 2013 1:56PM

thestreet logoApple Inc. logo is displayed on the back of the new MacBook Pro David Paul Morris, Bloomberg via Getty ImagesBy Chris Ciaccia

 

On last week's earnings call, Apple (AAPL) CEO Tim Cook said the company had some "really great stuff coming in the fall and across all of 2014," regarding products. Conveniently, while Cook offered a little hint about Apple's product road map, he may have left out one important detail.

 

KGI Securities analyst Ming-Chi Kuo, who is as tied in with the Apple supply chain as anyone, says Apple may update its MacBook computers at its Worldwide Developer Conference event in June. Kuo previously didn't expect a refresh at the event, and given Cook's comments on the earnings call it didn't seem like Apple would be offering anything new until the September/October timeframe.

 

Yet in the research note, Kuo said the new MacBooks will get Intel's (INTC) Haswell processors, which should give them better battery life as well as a performance boost. Kuo also noted that Apple may be announcing a lower-cost iPad mini to compete with cheap Android tablets, with the price in the $199 to $249 range. Shares of Apple were up over 3% in Monday afternoon trading.

 

There's no word yet whether the MacBook Air will get Retina Display, something Apple fans and customers have been waiting for some time. The MacBook Pro currently features Retina Display, known for its sharper screen images, but the lower-end MacBook Air doesn't currently offer this feature yet.

 

Apple sold just under 4 million Macs, a 2% decline from the year-ago quarter. The PC market is declining sharply, as research firm IDC noted in its latest report (see TheStreet). Tablets, such as the iPad, iPad mini, and tablets running Google's (GOOG) Android operating system have been eating away at consumer's wallets as it pertains to PC spending.

 

Apple was able to significantly outperform the PC market, which experienced a 13.9% decline year-over-year, but a decline is still a decline. Any refresh to the Mac computing line would be seen as a sign that Apple is trying to reverse that trend, though consumers and enterprises are increasingly turning to tablets for their needs, and that trend doesn't look to stop anytime soon.

 

Despite the decline of the PC market, Macs were still able to contribute a significant portion to Apple's revenue this quarter. Apple generated $5.45 billion in Mac related revenue last quarter, accounting for 12.5% of Apple's $43.6 billion in quarterly revenue. That's a bigger revenue number Apple generated in the second quarter of 2012, it's not something Apple should just completely ignore.

 

 

More from TheStreet.com

1Comment
Apr 29, 2013 9:13PM
avatar
Apple and all Windows 8 vendors like Dell, HP and Lenovo will be refreshing their products with Intel's Haswell offering higher performance and longer battery life for Ultrabooks and tablets running all OS's.
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

113
113 rated 1
268
268 rated 2
422
422 rated 3
632
632 rated 4
512
512 rated 5
518
518 rated 6
682
682 rated 7
523
523 rated 8
343
343 rated 9
124
124 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
KOGKODIAK OIL & GAS Corp10
COPCONOCOPHILLIPS9
TAT&T Inc9
DVNDEVON ENERGY CORPORATION9
EOGEOG RESOURCES Inc9
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.