Barclays Capital’s Ben Reitzes today reiterates an Overweight rating on shares of Apple(AAPL) and a $750 price target, writing that despite some soggy data on Mac sales — NPDyesterday said Apple’s laptop sales fell 13% in April in the U.S. — nevertheless the company should benefit from international growth, and that a release of new models in June, including an$800 MacBook Air, means the current slump is just a “pause.”
Reitzes also thinks it’s increasingly likely there will be a smaller iPad model later this year, “in the 7″ range,” and that it may boost Apple’s presence in the textbook market and in video games.
“We do not feel that a smaller, lower priced tablet will dilute the quality of the iPad brand and iOS ecosystem, either, despite prior comments by the company.”
A report from research firm iSuppli today also endorses the notion of the smaller iPad.
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