Apple Stocks Tumble
Apple stocks tumbled 11% post-MacWorld, perhaps as a result of nothing more impressive than the MacBook Air to show off this year. That's not to say that the MacBook Air isn't impressive, but it's hard to outdo the announcement of the iPhone and Apple TV with a thin & light laptop that doesn't really cater to either the college crowd or the professional markets:
“Chief Executive Officer Steve Jobs spooked investors by failing to meet the most optimistic projections for first-quarter profit and forecasting sales growth that would slow to 29 percent this quarter from 35 percent in the previous three months. IPod sales were little changed in the U.S., signaling that demand for consumer electronics may be waning.“
“Chief Executive Officer Steve Jobs spooked investors by failing to meet the most optimistic projections for first-quarter profit and forecasting sales growth that would slow to 29 percent this quarter from 35 percent in the previous three months. IPod sales were little changed in the U.S., signaling that demand for consumer electronics may be waning.“
