View this article at: http://www.macnn.com/articles/04/04/26/ipod.helping.mac.market/
Monday, Apr 26, 2004 11:40am
iPod not helping Apple's eroding marketshare
Apple's strong iPod sales is not helping 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."