I’m not sure why some people are expecting Apple to suffer so poorly. I’ve seen the stock slide of late, and for no real good reason. Shit, profit from fiscal Q4 this year rose 26% over last year- can’t be too bad. Kick in the fact Apple is sans debt and has plenty of cash, and they are a very solid buy.
Sure, I understand the worries of the recession and the upcoming ‘Google Phone.
As far as I’m concerned, Apple has the best products in nearly all the fields it has a presence in. Not just great products, but almost must-haves. Steve Jobs feels the same way:
“We don’t yet know how this economic downturn will affect Apple,” he said in a statement. “But we’re armed with the strongest product line in our history, the most-talented employees and the best customers in our industry. And $25 billion of cash safely in the bank with zero debt.”
Besides, when times get tough, companies usually create new opportunities to spur consumer spending; i.e. new products and innovations!
