updated 11:25 am EST, Thu February 2, 2006
360 Degrees of AAPL
TheStreet today featured Apple in its second "360 Degrees" column, as selected by its readers. Columnist Cody Willard writes: "iPod is definitely not going to match its "growth" from last year, but Apple's not going to be sitting still (and it'll still sell tens of millions of iPods this year). The halo effect will be in overdrive throughout 2006 and into 2007." Steve Birenberg added that "Apple is one of the only really big-cap stocks that offers the prospect for sustained 20 percent-plus earnings growth over a multiyear period, which is sustained on top of the huge earnings gains being driven recently by the success of the iPod." Alan Farley, however, believes that early warning signs are in place to let go of Apple: "I would sell Apple as it bounces into the January 19 gap at $82, in anticipation of a breakdown below this week's low at $70.87." Birenberg also touches on Apple's potential revenue, should the company unveil a mobile handset as many industry followers anticipate.