1 posts and columns on PC demand

Apple: Spring Rally Now Almost Completely Erased

in News on September 18, 2008 at 12:20 pm PT

The Apple (AAPL) spring rally has been almost entirely deleted. Pressured by a combination of concerns over the health of CEO Steve Jobs, disappointment with the latest round of iPod product announcements and the company’s caution on near-term gross margins, combined with worries about weakening PC demand in the face of a struggling economy, the shares have been ratcheting steadily downward since mid-May.