Global Economy Takes Bite Out of Apple

Martin, Scott
September 2008
Red Herring;9/26/2008, p2
Trade Publication
The article presents the views of analysts on the impact of the global economy on Apple. According to BMO Capital Markets' Keith Bachman, the weak consumer economy has started to take a toll on Apple's systems business, along with difficult comparisons for iMacs. The company shares declined and BMO Capital is cutting its fiscal year 2009 sales estimate for Apple to $40 billion from $40.6 billion. The move comes following ThinkPanmure analyst Vijay Rakesh's writing that there is a more price-sensitive consumer hurting core Macbook sales.


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