With the continued economic uncertainty around the world there will be downward pressure on Apple stock for the foreseeable future. To combat this, Apple will need to aggressively promote the new iTouch and iPhone and entice users of this device with new applications that can be loaded on the phone. Opening up the iPhone to corporate developers will help drive adoption of the phone in corporate America, but that is going to take some time to show tangible results on the Apple balance sheet. Apple is a great stock and a great company that innovates, but there are too many external factors out of its control that are going to put pressure on the stock for the next 6 - 12 months.
$127.27 (09/23/08)
