WR Hambrecht Poll Shows Slowing iPod and iPhone Trends (AAPL)
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WR Hambrecht commented on Apple (Nasdaq: AAPL) today, saying their recent Internet poll showed slowing iPod and iPhone trends.
The firm said, "Our results, not surprisingly, indicate weak consumer buying trends for those two Apple products in 2008; however, they also indicate that many people actually did buy an iPod or an iPhone in CQ1. Given the weakening economic outlook coupled with consumer trends in discretionary spending, both products have strong non-buying trends at around 80% in the absence of someone changing his or her mind if new models become cheaper and have enough new functionality to put someone over the edge. As such, we see iPod and iPhone buying trends likely declining in the short term (CQ2) and likely slower demand overall in 2008 in aggregate."
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