Sunday, October 16, 2005

Apple update

Looks like my AAPL prediction on June 6th didn't work out. The stock was around $38 then. I thought Mac sales would drop awaiting the new Intel boxes and hurt Q3 sales. The stock closed at $54 on Friday. I was wrong - iPod and iTunes are dominating the Mac computer stuff, and people aren't shying away from buying computers with the lame duck G4 chips. Perhaps a change of CPU doesn't hurt as much these days as it did in the past. Perhaps people don't much update their software anymore unless they get a new computer.