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Apple Stock fell sharply, does it really look that bad?

Sep 30 2008, 3:06am CDT | by

Apple Stock fell sharply, does it really look that bad?
 
Buy Apple from Amazon Cyber Monday and Black Friday Now
 
On Monday the stock market took one of its biggest hits in history. Apple's stock got hit even harder as untimely analyst downgrades sent the stock down 18%. The question though is if things are really looking that bad for Apple and I would say no. Piper Jaffray analyst Gene Munster also does not see Apple's near term performance that bleak.
Sure their is concern of a downturn in consumer spending, but I believe that Apple will still get a big junk of whatever consumers are willing to spend on electronics this holiday shopping season.
The iPod line and the iPhone are for most consumers the top choice in their respective product categories.
Additionally everything points to new notebook announcements in October that should also spur Mac sales for fall.
See also this LA Times story.

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MARTIN SAMUEL - THE DEBATE: Olympic legacy? The party's over

Source: Daily Mail - UK

This week a visit to Philadelphia and the famous Rocky Steps produced a column on the fleeting, uncontrollable nature of legacy. Obviously, we have a rather large sporting legacy project under scrutiny in Britain, and it brought a wide-r ...
Full article at: Daily Mail - UK  More like this  42 minutes ago

iPad 5 rumour rollup: New iPad coming this week, or maybe August

Source: Macworld UK

As last week's Apple WWDC faded in the rear view mirror, the iOSphere hungered for more. And the hunger gave birth to hope, and hope to more rumors, including the one that predicts iPad 5 will be announced this week to foil and foul Samsung's schedule ...
Full article at: Macworld UK  More like this  58 minutes ago

Distracted (Texting & Talking) Walking - No Sympathy Here

Source: Marjike: Nurse Turned Writer

Distracted walking: injuries soar for pedestrians on phones. Here are just two examples: "One 14-year-old boy walking down a road while talking on a cell phone fell 6 to 8 feet off a bridge into a rock-strewn ditch, suffering chest ...
Full article at: Marjike: Nurse Turned Writer  More like this  1 hour ago

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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