Apple (AAPL) continues on its path of being a consumer super-product assembly line. Today it announces several new iPods including one with WiFi capability, and slashes the price on its sizzling iPhone device by $200. These moves should drive its volumes up and improve its market share in the smart phone market. The stock has been volatile in between $120 and $145 over the past few weeks, with investors buying aggressively on weakness despite an over 50% YTD gain thus far. There are many reasons for Apple to remain strong within the technology segment. Besides now being perhaps the largest % component of the Nasdaq 100 Index (QQQQ), it has a small and growing ~4.5% share of the OS and PC market, and a relatively low market cap compared to MSFT and INTC.
1 comment:
Apple hit an all-time high of 173 today. I still think it is the best large cap technology play. Number 2 is GOOG despite the pricey 633 price. These companies are real innovators and are defining the internet economy/platform of the future.
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