“Nate Pile, editor of Nate’s Notes, recommends buying Apple Computer. On July 15, the Cupertino, Calif.-based personal computer, software and peripheral device company reported a 221% increase in quarterly earnings to $61 million on a 30% increase in sales to $2.01 billion, compared with the quarter ended June 26, 2003,” John Dobosz reports for Forbes.
“Pile recommends Apple both for its currently solid financial position and for its future growth possibilities. Apple grew its Macintosh business 19% in the current quarter, but its iPod business skyrocketed 162%, which Pile sees as evidence that Apple is rapidly expanding its customer base,” Dobosz reports.
“He concedes that ‘Wintel’ machines have similar suites of software, but points out that Apple is the leader in ease of use. In fact, Pile says, Apple may soon make new inroads into the corporate IT market with its OS X platform,” Dobosz reports.
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