Rick Aristotle Munarriz, writing for The Motley Fool, digs into three stocks that are positioning themselves for a powerful 2008, one of which is Apple Inc. Best Buy and Ctrip.com are the other two.
Munarriz writes, “Betting against Apple has been hazardous to your portfolio’s health. The company has blown away Wall Street profit expectations on a quarterly basis for nearly five years now. Can it get better? Of course it can. It already owns the digital music market, but the company is perpetually putting out enhanced iPod models. This summer’s iPhone is a hit, and this is a trend that will build through the summer of 2009 as consumers wiggle their way out of their two-year cell phone contracts with other carriers. Then we move on from early adopters to the mass market!”
Munarriz writes, “However, perhaps the best reason to fall in love with Apple is that it continues to swipe market share in the PC space. It once commanded a meager 3% slice of the market. It is now bumping up against a 6% chunk. That is still small enough — with ticket prices high enough — to create tremendous upside here. I’m convinced that the 94% of the market that doesn’t own a Mac, deep down inside, wants to make the switch… Apple’s renaissance truly is hitting on all cylinders.”
Full article here.
[Thanks to MacDailyNews Reader "Lurker_PC" for the heads up.]
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