TITLE

Apple Cored

AUTHOR(S)
Martin, Scott
PUB. DATE
September 2008
SOURCE
Red Herring;9/29/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decline in the stocks of Cupertino, California-based Apple amid analyst concerns that economic downturn and computer growth will leave the pricier wares of the Mac maker out in the cold. According to Morgan Stanley analyst Kathryn Huberty, computer unit growth is decelerating and the remaining source of growth is increasingly in the sub-$1,000 market where Apple does not play. Concerns come after BMO Capital Markets's Keith Bachman noted that a weakened consumer economy has taken a toll on Apple.
ACCESSION #
36632210

 

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