“Apple Inc.’s fourth quarter results came with a dose of caution given the economic uncertainty it faces, but analysts remain optimistic based on the company’s solid market position, particularly given impressive iPhone shipments of 6.9 million,” Jonathan Ratner reports for The Financial Post.
“‘We appreciate the reset to expectations and continue to believe that the company’s model ultimately will weather the macro storm better than most of its peers,’ JPMorgan analyst Mark Moskowitz told clients… ‘We still believe that Apple’s market share momentum in Macs, iPods, and iPhones could help the company weather the macro storm better than most of its peers in coming quarters,’ Mike Abramsky at RBC Capital Markets said in a research note,” Ratner reports.
“Mr. Abramsky expects the shares will remain range-bound and volatile until growth and margin trends become clearer to investors,” Ratner reports.
Ratner reports, “Meanwhile, the macro uncertainty and Apple’s US$25-billion cash war chest could present ‘extraordinary opportunities,’ according to CEO Steve Jobs, so stay tuned.”
Full article here.
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