World of Apple
This is a static archive of World of Apple, published by Alex Brooks between 2005 and 2015. Nothing here is live or updated since original publication.

Piper Jaffray Chimes in on iMac Rumours

Following months and months of iMac rumours, Piper Jaffray has also stepped into the picture with their take. According to the investment research firm there is an 80% chance that Apple will release a completely redesigned iMac this Summer.

According to the firm the "iMac makeover" rumour is its "Hot Topic of the Month" citing that a lack of updates for over 300 days and many rumours point towards a likely release.

"Based on Apple's product roadmap and the fact that the iMac has not been updated in 309 days, we [...] continue to expect redesigned iMacs this summer," analyst Gene Munster wrote for Piper Jaffray in a research report.

Munster maintained an "Outperform" rating on Apple shares with a price target of $160.