Friday, October 10, 2008

Apple Likely to Unveil New Laptops -

Some interesting Apple stats

If Apple unveils more affordable laptops as expected, it could give investors much needed confidence in the stock, which has recently fallen to levels few would have expected it to reach just a few months ago. The stock has shed about 25% since Sept. 26 on worries that slowdowns in the North American and European economies are finally beginning to affect even Apple.

Though Apple took the word computer out of its name, Macintosh computers are still crucial to the company's business. In the quarter ended in June, computer revenue grew 43% from the previous year to $3.6 billion. Notebook sales accounted for 61% of that, growing 42% from a year earlier.

Apple Likely to Unveil New Laptops -

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