“Sales of Apple’s iPods and computers are growing, but by not as much as Wall Street had forecast. The iPod remains Apple’s biggest moneymaker, and the portable digital music device has sparked an ‘ecosystem’ around itself, analysts say: More customers are using Apple’s iTunes online music store to fill their iPods, and people are buying more accessories to personalize the devices,’ The Associated Press reports. “Though Apple fell short of Wall Street’s revenue expectations, analysts expressed optimism that Apple’s Intel-based computers could take market share away from other personal-computer makers who also use Intel chips in their machines. Plus, the decision to allow Macintosh users the ability to install Microsoft Windows operating system and switch between the two platforms on a Mac could also boost sales.”
“On the whole, analysts were bullish about Apple’s prospects. ‘Looking ahead, we remain optimistic given numerous catalysts in the near term and over the long run,’ wrote Bear Stearns analyst Andrew Neff in a client report. He named the Intel-based MacBook laptop, prospects for an iPhone and possible iPod price cuts as key potential drivers. Apple ‘has demonstrated a track record of innovation, which we expect to continue,’ he said,” AP reports.
Full article here.
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