Oct 25, 2016 - 05:15 PM UTC — AAPL: 118.25 (+0.60, +0.51%) | NASDAQ: 5283.40 (-26.43, -0.5%)
“In a note to clients Thursday, Morgan Stanley’s Katy Huberty rattled off several reasons to explain why retail sales of personal computers in the U.S. were down 8% year over year for the week of Nov. 20 to 26, as reported by the NPD Group,” Philip Elmer-DeWitt reports for Fortune. “‘But,’ Huberty concludes, ‘we believe the biggest factor is simply weaker end demand. The data so far in November suggest a steady sequential deceleration.'”
P.E.D. reports, “There was, Huberty writes, one exception to that rule: ‘Apple was a relative bright spot during the week of Thanksgiving. Unit growth rebounded to 17% Y/Y from 7% in the prior week and 10% in the prior four weeks.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Brawndo Drinker” for the heads up.]