Some days, you almost wish the Mayan Calendar believers were right and today was the end of the world. Executives at Apple headquarters have likely been popping antacids like Christmas candy as wave after wave of pessimism washes through Wall Street.
Now comes word Apple is destined to be a has-been unless it cranks out an iTV – or cheapo smartphone. The depression-laded missive of the day arrived last Thursday from Toni Sacconaghi, analyst with Bernstein Research. In a note to bewildered investors, he alternated between calling the iPad “an absolute juggernaut” worth $32 billion in annual revenue and forecasting Apple will languish in single-digit growth by 2015…(...) Read the rest of Analyst: Apple needs ITV to stay alive – but the iPad is a ‘rocket’