Noted Apple (AAPL) bull Gene Munster said in a research report this morning that findings from a recent survey of 59 Chief Information Officers [CIO] over 12 different major industries suggest that Apple’s full-size iPad is becoming increasingly popular within enterprises.
The investment firm’s annual CIO survey, which measures the pulse of IT departments in U.S. organizations, shows that Apple’s 9.7-inch iPad is seen as better suited for business operations than the iPad mini.
“We view the greater deployment of tablets as a positive for AAPL given that we believe the iPad has over 60% global tablet share and likely a higher share among enterprises,” Munster writes. “We believe continued growth in enterprise tablet deployment will help drive continued growth in the full sized iPad segment given the larger iPads are better for content creation.”
Also of note in the report is the fact that last year’s positive trend has continued with 57% of organizations now planning to deploy tablets to workers in 2013, compared to 46% in 2012.
Piper Jaffray’s analyst went on to say that as iPad devices become more integral to business operations, “broad” enterprise deployments are expected to increase expeditiously in the next 3-5 years.
At $525, Munster reiterates an ‘Overweight’ rating for AAPL stock, with a PPS target of $900. Apple shares have gone from $16.25 when Munster first recommended them in June 2004, to an all-time-high of $705.07 on September 21, 2012.
Apple shares last closed at $527, down $15.10, or 2.78%, on 21 million volume.
h/t AppleInsider
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