Could the MacBook Air Become a $3 Billion+ Revenue Opportunity!?

J.P. Morgan is particularly impressed with Apple's AAPL MacBook Air. “Our latest view of the MacBook Air has become even more constructive,” J.P. Morgan wrote in a report this morning. “Over the next 12-18 months, we think that the average quarterly run rate of the device could reach 700,000 units, which implies a $3 billion-plus revenue opportunity. In comparison, Apple shipped 432,000 MacBook Air units in 1Q11.” Apple closed Wednesday at $326.75.