The bottom line EPS (earnings per share) beat estimates by a significant margin, although revenues were a tad light,
More Quotes from Chris Whitmore:
We believe today's announcement sets the stage for further share gains by Apple. Our estimates suggest that each point of share Apple takes in the overall personal computer (PC) market translates into a positive 25 cents per share to our fiscal year estimates.Chris Whitmore
We view this as positive for Apple as it opens a new market to the company and greatly expands the (potential market) for Intel-based Macs. This will be a particular benefit for business applications where users need to run Windows for certain applications.
Chris Whitmore
We believe lower guidance from Dell, Lexmark and Cisco this (quarter) indicates slower growth in PCs, pricing pressure in printers and slower revenue growth in the IT (information technology) industry.
Chris Whitmore
We believe Vista will spur a positive mix-shift across the PC industry, reversing the recent shift towards low-end desktops and notebooks.
Chris Whitmore
Dell's model is designed to weather slowdowns, but we believe HP remains at risk.
Chris Whitmore
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