"And, based purely on his ability to create buzz for new products, we are only partially kidding when we wonder outloud whether or not, after shrinking the iPod down to nano size, Mr. Jobs' next move might not be to introduce a larger, easier-to-read iPod jumbo that will be targeted at the aging Boomer population.

"Of course, just because members of the corporate world have fallen in love with the iPhone does not mean Apple will finally start winning back the all important 'corporate accounts' that have spent most of the last twenty years on the Windows platform.

"However, given the incredible strides Apple has made on both the hardware and operating system fronts over the past several years, it would not surprise us at all to see the company make tremendous headway back into the corporate environment in 2008 as professional users of the iPhone realize that if Apple's PCs are as good as its phones, perhaps the machines need to be in the workplace after all.

"And, we cannot help but point out that the one bright side of fading to less than 3% market share (as Apple did during 'the dark years') is that gaining back just 3% represented a doubling of the company's PC business.

"Of course, there is still a long ways to go to get back to 12% market share, but our current (and admittedly optimistic) view is that Apple may very well hit that number sometime in the next 18-24 months -- and if it does, we expect the stock to respond accordingly.

"While there will inevitably be pullbacks along the way, Apple is considered a strong buy under $185 and a buy under $220."