Apple is already really huge, but can they sustain their impressive growth? Gene Munster thinks so.
“While Apple had yet another stellar quarter, investors will wonder if the pace of growth is sustainable,” Piper Jaffray Senior Research Analyst, Gene Munster, said in a note to clients on Wednesday. “We believe it is, given Apple has small market share in large, growing markets.”
“While many investors have been concerned that iPad would cannibalize Mac sales, we are seeing no signs of cannibalization,” said Munster. “In fact, the halo effect of Apple’s growing device user base (iPhone, iPad, and iPod touch) appears to be driving Mac sales, particularly internationally.”
Apple is going to have their ups and downs. This year happens to be a particularly huge year for Apple between the iPad, and iPhone 4, and their success will continue as they update iPods and introduce new product. Can they sustain their growth? I don’t see why not.
[via The Loop]