Apple (NASDAQ:AAPL) is likely to keep taking market share in computers, thanks to the M1 system-on-a-chip, which Morgan Stanley believes is a “key differentiator.”
Analyst Katy Huberty, who has an overweight rating and a $200 price target, opined on data from market research firm IDC, released earlier this week, which noted that Apple shipped an estimated 7.6 million units during the fourth-quarter, holding 8.2% of the computer market, up 8.6% year-over-year. The data was similar to what Canalys, another research firm, also released this week, showing that Apple (AAPL) gained market share this quarter, as Macs grew twice the rate of PCs in the fourth-quarter.
“While we continue to believe that PCs becoming a strategic imperative in a post-COVID world has resulted in a structural uplift of annual PC shipments relative to pre-COVID levels (330M+ vs. 260M), we also remain cautious on the PC market outlook in 2022,” Huberty wrote in a note to clients.
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