Next Week’s Event: A First for Apple

by Louis Navellier | October 17, 2012 9:30 am

Apple‘s (NASDAQ:AAPL[1]) highly anticipated iPad Mini reveal event, scheduled for next week[2], just got a lot bigger.

On Monday, the media got word that Apple probably will announce a 13-inch Retina MacBook Pro[3], a sleeker version of the thin and powerful notebook. And Tuesday, the newswires were buzzing that Apple also will revamp its critically acclaimed Mac Mini computer[4] by launching three new models, including one that runs Apple’s OS X Server.

Having so many products rolled out at once is a shift for Apple, which usually highlights one product launch per event. The tech community agrees this already is the busiest year yet for the gadget giant. But then again, with competitors like Microsoft (NASDAQ:MSFT[5]) and Google (NASDAQ:GOOG[6]), it’s unsurprising that Apple has been firing on all cylinders.

Speaking of Microsoft, it stole some of the spotlight from Apple as the price was leaked for the Surface. The new Microsoft tablet was listed at a $499 starting price[7] (for a 32 GB model without a touch cover). This is $100 cheaper than the new 32 GB iPad, but I think it’ll take more than that to entice diehard Apple fans away from the iPad, which currently commands 70% of the tablet market.

Either way, we’ll see how Microsoft does soon, as mass production of the Surface tablets began just a few weeks ago.

Above all else, I’m marking next Thursday, Oct. 25, on my calendar because that’s when Apple releases its fourth-quarter earnings data. I expect that Apple’s Q4 operating results will lay fears of an Apple slowdown to rest and help turn around its recent bout of consolidation.

Currently, the analyst community calls for 28.5% sales growth and 26.1% earnings growth, and I’m optimistic that the company will match the Street view.

I’ll have the latest when it comes out, but in the meantime, there’s no doubt in my mind[8] that Apple stock is a great buy right now.

Louis Navellier is the editor of Blue Chip Growth[9] and other stock newsletters.

Endnotes:
  1. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  2. scheduled for next week: http://investorplace.com/2012/10/tuesday-apple-rumors-special-media-event-on-oct-23/
  3. probably will announce a 13-inch Retina MacBook Pro: http://investorplace.com/2012/10/monday-apple-rumors-13-inch-retina-macbook-pro-coming/
  4. revamp its critically acclaimed Mac Mini computer: http://9to5mac.com/2012/10/15/apple-also-planning-new-mac-minis-for-launch-alongside-smaller-ipad/
  5. MSFT: http://studio-5.financialcontent.com/investplace/quote?Symbol=MSFT
  6. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG
  7. was listed at a $499 starting price: http://investorplace.com/2012/10/microsoft-cranks-up-surface-tablet-output/
  8. there’s no doubt in my mind: http://navelliergrowth.investorplace.com/portfolio-grader/stock-report.html?t=AAPL
  9. Blue Chip Growth: https://order.investorplace.com/index.jsp?sid=WRC129

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