Growth Fears Biting Apple
To some analysts, Apple (AAPL) is so last year.
The computer company was the "in" thing in 2004, thanks to the megahit iPod line of music players. But some analysts are wondering whether Apple may be a one-hit wonder. The iPod's ability to drive Apple's stock is already fading, and unless the company finds another chart-topper, it could be yesterday's news.
"It's just a different ballgame this year than last year," says Shaw Wu, who covers the company for American Technology Research. Wu doesn't have a position in Apple's stock, and AmTech does not do investment banking.
Apple continues to post strong iPod sales, of course, and is the leading vendor of digital music devices. But Wu and other analysts see signs of trouble. Among them:
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