Can Apple CEO Steve Jobs “pull off his bold plan to shake up the company’s fastest-growing and most popular product line? With Wall Street analysts and the media still digesting the details of Apple’s expected unveiling of a an iPod-equipped cell phone, Jobs stunned the crowd at San Francisco’s Moscone Center when he revealed that Apple planned to replace its most popular iPod with a new product just a fraction of its size,” John Shinal reports for MarketWatch.
“For Apple, the stakes couldn’t be higher, as the iPod line comprises Apple’s fastest-selling products by far and now contributes about a third of the company’s revenue,” Shinal reports. “‘This is going to be a pretty hot product,’ said analyst Gene Munster of Piper Jaffray, who rates Apple shares ‘outperform.’ ‘It could be Apple’s next home run.'”
Full article here.
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