updated 11:40 am EDT, Mon April 26, 2004
iPod helping Mac market?
Apple's grow the company's computer business, as the PC market share has dropped from 4 percent last year to 2.8 percent (IDC numbers). Bears Stearns analyst Andrew Neff writes: "Our concerns are that the G5 cycle has disappointed, Apple is still ceding PC share, and at some point iPod mini supply will catch up with demand, which could derail the stock's momentum and temper further earnings per share [growth]," Neff wrote in a note to investors released Monday. Supplies of the original iPod, the one in the white case, have already caught up with demand, he said."