22 Quotes by Steve Fortuna

Apple has a lack of any real new products to drive strong year-over-year unit growth. Its existing products are getting stale.

Also, and very importantly, we think there is a high likelihood that management significantly lowers its earnings per share outlook during its analyst meeting this week, well below the current $1.28 Street consensus.

In our opinion, investors should not read this Apple blowup as evidence that PC demand is weak. Apple is, in many ways, a market unto itself.

All of our regular checks with companies and channel contacts continue to suggest that PC demand remains weak, especially in the U.S..