(Reuters) - Collins Stewart upgraded Apple Inc to "buy," saying the iPhone maker remains in pole position to monetize the revenue opportunity for mobile internet devices.
"Apple operating system with new product launches and lower prices is positioned to gain share at the expense of Research in Motion and Windows Mobile," analyst Ashok Kumar wrote in a note to clients.
The launch of iPhone nano in the first half of 2010 should further help Apple expand its current 15 percent share in the smart phone segment, he said.
The imminent launch of Windows 7 and lack of competitive price points on Mac could cause Apple to trail industry performance, the analyst said.
He believes the touch screen tablet PC scheduled for launch in the second half could be a positive surprise.
Apple's shares rose 0.4 percent in pre-market trading. They closed at $139.49 Tuesday on Nasdaq.
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