Some analysts expect Apple’s stock to hit an upswing this month, according to a
Business Week Online
Mac users upgrading computers, iPod sales and traffic at Apple retail stores should “catapult the stock back to the mid-20s” one hedge-fund manager saidne. Kevin Hunt of Thomas Weisel Partners says the stock “is poised to reemerge as a growth story once overall PC spending resumes.”
Charles Wolf of Needham rates Apple sock a “buy,” partially because the retail stores have has attracted visitors at a “rapid pace.” He expects Apple to earn 40 cents a share in 2003, vs. Thomson First Call consensus of 24 cents, according to Business Week Online.