Good news and bad news at Apple (AAPL), according to Jefferies' Peter Misek: Back-to-school Mac sales are weaker than expected, reducing his current quarter Mac shipment forecast to 4.4M, but iPhone sales are “surprisingly strong” and raising his forecast to 18.9M. Misek sees a strong December quarter and FY12, maintaining his Buy rating at $500 target.
Not surprising, just look around you. People are using their iPhones as their tool to access the internet. PC's and laptops are almost becoming obsolete...especially with the younger generation. My 17 year old son uses his Ipod touch and my 16 year old daughter uses an iPad.
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