Apple's New Macs Could Replace 65 Million Older Computers

Investor reaction to Apple Inc. AAPL's unveiling of its new Mac lineup could be seen as poor given the stock's 1 percent decline on Thursday which carried over into Friday's pre-market trading session where shares were lower by another 0.30 percent.

Despite a poor reception by investors, Trip Chowdhry of Global Equities Research is uber-bullish on Apple's new computers.

In a research report sent to clients, Chowdhry suggested that the new "touch bar" Macs represent a "compelling upgrade" to consumers. In fact, the analyst believes the "touch bar" will have a significant impact to the computing industry in the same way the computer mouse started off as a convenience feature but ended up being a necessity.

Chowdhry continued that Apple's "touch bar" will become a "phenomenal success" and could replace 65 million Mac computers that were sold before 2014 and are primed to be replaced, even if there is no slot to charge a smartphone.

Chowdhry further stated that be believes that in "typical Apple fashion" consumer demand for the new Macs will outstrip supply as more than 7 million units could be sold every quarter for the next four to eight quarters.