"...The quiet denial of slowing sales released by AAPL, saying something like "you have your theory, we have ours", was kind of pathetic...."
True. But you know, in the midst of this hurricane of selling, analyst opinions of Apple are up slightly from last week: biz.yahoo.com.
Let's face it, some of the big boys are unwinding their positions. Whether or not that's really bearish remains to be seen. Long term, I doubt it.
I haven't seen any credible news to justify the latest meltdown. The notion that Microsoft will abandon the platform is ludicrous under these circumstances, and that the fact that iMac sales are off a bit since the initial rush of orders is no big deal. Certainly it shouldn't surprise any of the regulars around here. As I recall, when iMac was first announced several opined that iMac's price would quickly be cut to below $1000 to keep up demand. Frankly, I'm surprised demand has sustained the $1299 price so long.
Having said that, Apple does have to give analysts, and everybody else, some hints about where it's going. The rumors sites are entertaining but not authoritative. The deafening silence in Cupertino just lends credibility to the naysayers who claim iMac was the proverbial one-trick pony.
Bob |
