updated 01:25 pm EST, Sat February 9, 2008
Sales, products save AAPL
Apple is ready to rise in the stock market again, as the company rolls out international iPhone releases, which analysts predict may bring balance a slowing US economy. According to financial news site The Street, worldwide demand for the iPhone remains high, after a poll conducted by ChangeWave revealed that the iPhone is the most popular choice for those looking to buy within the next six months.
Since December, when Apple's stock was at an all-time high of $199.83 per share, prices have tumbled 37-percent, bringing the current valuation to $125.48. The slide in price came despite several updated product lines at Macworld Expo, including the newly introduced MacBook Air.
Analysts fear that the market could be experiencing a recession, but Dator and Gary Bradshaw of Hodges Capital Management anticipate that the market will narrowly avoid this outcome.
Some analysts predict that new product releases, such as the heavily rumored 3G-based iPhone, will help the company recover from its slump.