Despite the fear of recession, tech firms like Apple are thriving. In fact, if you want to invest its Apple’s stocks maybe more foolproof than gold itself (be careful of the gold bubble). Apple has been playing it safe by providing conservative estimates of its performance but as the fourth quarter draws to an end, analysts across the board are racing to raise their estimates.
The following are some of the examples of major market research analysts and their revisions of the estimates
Overall, while Apple can boast about the increase in sales of all its major product lines, only the iPhone and iPad are doing extremely well. The Macs are increasingly being pushed to the sidelines. The majority of the company’s profits are now heavily focused on the iPhone and iPad but there is always the danger that if Apple because too dependent on these devices, it may stumble in the future. Even as it readies to launch the iPhone 5, its rivals are planning to release very more powerful and sophisticated phones. Fortunately, Apple has sensibly expanded its product range, especially in terms of services.
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