The big technology stocks are not doing well right now. Google is slacking in growth, Cisco seems stuck, and then there is the big Yahoo-Microsoft fiasco. However, there seems to be one company that knows what they are doing in this slowed US economy, that company being Apple Inc.
Apple has not come back to its 52 week high of $202, but it seems to be headed in that direction. iPod sales are still strong with the new generation releases being a great success and the Mac computers are still gaining more market share. And last but not least, is the release of the new 3G iPhone which will be one of Apple’s biggest growth accelerator in the near future.
For a long term investment, this is a great time to buy Apple while it has a weakness in its stock price. iPod sales are likely to remain strong while Mac and iPhone sales will grow and thus cause its stock price to surpass the $200 mark.
In regards to a short term investment, Apple is still recommended, however the current market volatility may affect it in a negative manner.
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