“Apple Inc. joined in a broad tech sector rally Tuesday, as the consumer-electronics maker’s shares rose almost 4%,” Rex Crum reports for MarketWatch.
However, “even analysts that maintain high ratings on Apple’s stock have begun to show concern about the outlook for the company’s Mac sales,” Crum reports.
“Shaw Wu of Kaufman Bros. holds a buy rating on Apple’s stock. However, on Tuesday, he trimmed his second-quarter revenue estimate on Apple to $7.7 billion from $7.8 billion, and left his $1.06 a share earnings target unchanged,” Crum reports. “Wu said Apple’s Mac business looks weak in the current quarter, and he isn’t expecting the line of iMacs to be refreshed until June, at the earliest.”
Full article here.
