Apple seems a big-tech bright spot
Ever mindful of our readers’ keen interest in making money, SiliconBeat offers this update on the highs and lows of big-tech investing from the analysts at J. P. Morgan.
In a note to their clients this week, the J. P. Morgan crew notes that the personal computer business is deeply troubled.
“Softness in China continues to dampen the PC outlook in the near term,” they concluded, adding that they are concerned demand for PCs could deteriorate in Europe and among U.S. government agencies.
That’s bad news for Bay Area companies that rely heavily on PC sales, such as Hewlett Packard, Intel and Advanced Micro Devices.
But the analysts said tablet sales are looking up, which bodes well for Apple, especially since the Cupertino company doesn’t have much competition in tablets. They added that Apple’s iPad Mini, which is expected to be launched soon, will likely be a big hit.
