Thursday, October 25, 2012

Monday Apple Rumors — iPad 3 to Make Apple King of PC Sales

Here are your Apple rumors and AAPL stock news items for Monday:

Apple 2012′s Biggest PC Vendor Thanks to iPad: On Friday, word came out that Apple‘s (NASDAQ:AAPL) Mac computers had taken a momentous 5% of the global desktop and laptop PC market. After years of trailing Windows PC makers like Hewlett-Packard (NYSE:HPQ) by so wide a margin as to be inconsequential, Apple finally is a PC player. If factoring in the company’s tablet PC business, however, Apple is soon to be the leading player in the industry. Research firm Canalys issued a note on Monday that Apple will become the world’s top PC maker in 2012 based on projections of both Mac computers and iPad tablets, surpassing HP, Dell (NASDAQ:DELL) and others in the process. According to a report at Apple Insider on Canalys’ findings, the iPad 3 will tip the scales in Apple’s favor. The iPad 3 is expected to release in March. Global PC shipments are expected to total 415 million machines by the end of 2011, a 15% increase over 2010, but that growth is thanks almost entirely to the booming tablet market.

Google Android Market Earns 7% of Apple App Store Revenue: Speaking with Apple Insider, Piper Jaffray analyst Gene Munster said Monday that approximately 90% of the dollars spent on mobile apps are spent in Apple’s App Store. He believes that, based on his data and data from Android app finder tool Androlib, the Google (NASDAQ:GOOG) Android Market has generated only about $330 million in revenue since opening. Of the 6.75 billion apps downloaded to Android phones, just 90 million (or about 1%) were paid apps. Meanwhile, 13.5% of the total 18.5 billion apps downloaded from Apple’s App Store have been paid apps.

Grand Central Station Apple Store Opens for Black Friday: A Sunday report at 9 to 5 Mac said Apple’s new destination retail store in New York City’s Grand Central Station will open in time for one of the biggest travel and biggest shopping days of the year. Apple is expected to officially announce the opening Tuesday. More than 1 million people pass through the train station each day during the holiday season.

As of this writing, Anthony John Agnello did not hold a position in any of the aforementioned stocks. Follow him on Twitter at�@ajohnagnello�and�become a fan of�InvestorPlace on Facebook. For more from the company, check out our previous Apple Rumors stories.

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