The Piper Jaffray Cos. analyst who follows Apple Computer Inc. said Thursday that there was some credence to speculation that the company might introduce a $500 iMac computer.
"Several Mac rumor sites" say Cupertino, Calif.-based Apple may unveil the new personal computer at its Macworld trade show Jan. 11, analyst Gene Munster in Minneapolis said.
Apple's bestselling iPod digital music player has boosted interest in the company, and people who typically buy PCs from competitors may be more likely to buy an Apple system than before, he said.
There's a better than 50% chance the speculation is accurate, Munster said.
Apple spokesman Steve Dowling declined to comment.
"It's exactly what they should do," said Munster. "This is a dramatically lower price point than they've ever been at."
Apple shares have more than tripled this year, making them the second-best performers in the Standard & Poor's 500 index, behind Autodesk Inc. Munster last month said the shares would climb to $100 within a year after a Piper Jaffray survey found that 13% of iPod users who formerly bought other PC brands had purchased a Macintosh or planned to do so within a year.