Apple Inc once more faces lofty expectations after smashing iPhone sales records, but Wall Street remains confident the world’s largest technology company will deliver another bumper quarter.
Investors worried about crumbling consumer spending, a darkening economic outlook and the rapid expansion of Google Inc’s Android mobile software got some assurance after the company moved 4 million iPhone 4S units in three days — more than double its predecessor — despite lukewarm reviews. Apple’s shareholders have had plenty to fret about since August, when Steve Jobs handed the reins to Tim Cook.
The company then lost its leading visionary and co-founder when he died Oct. 5. Some analysts say the short-term disruption offered a brief window for rivals like............Read Full Article Here
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