Fortune-CNN: “Apple can innovate through this downturn”

January 24, 2008 at 5:28 pm Leave a comment

     Fortune-CNN writer Jon Fortt reports while “Apple stock is trading at about $140, 30 percent off its December 28 high of $202.96”, Apple can still “innovate through this downturn” due to 3 main reasons: stability – ( Apple has more than $18 billion in cash giving it a cushion to “take risks” ), iPhone – ( willl continue to sell well ), and iPod Touch – ( as a “wireless computer”, has the potential to come into its own once SDK is released ).

     BTW, a number of analysts say Apple ( AAPL ) will make a comeback even in these rough times and most still have a ‘buy’ or ‘strong buy’ rating on the stock, although most have also trimmed their target price by about $35-$40.

Read more from Fortune-CNN blogs



Entry filed under: AAPL shares, iPhone, iPod. Tags: , , , .

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