With the iPhone’s dramatic success “it’s pretty difficult to bet against Apple going forward (If you have any good reasons why, we’d like to hear them). And to add to the good news, just in case you forgot, Apple is not a one trick pony,” Ant & Sons writes for SeekingAlpha.
“That is why the bulls can also run with the latest consumer PC survey out from ChangeWave Research which cited a halo effect that could accelerate the momentum in earnings growth. For those of you who don’t remember what it means from your undergrad management class, the halo effect occurs when the positive qualities in one thing gives rise to the perception of similar qualities in related things. In other words, tremendous iPhone sales will result in a bump up in sales of Apple computers,” Ant & Sons writes.
Full article here.