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“Google (NASDAQ:GOOG) and Samsung, Amazon (NASDAQ:AMZN), and Microsoft (NASDAQ:MSFT) headline these new competitors and bring with them new and different business models,” Yeung wrote. “Now armed with increasingly competitive hardware, these new competitors raise the risk of share loss, possibly tempering earnings growth.”
On the bright side according to the analyst, the market has been conservative in its predictions of the gains from tablets, where Apple’s iPad continues to be fairly dominant.
How Will This Affect Apple’s Stock?
The widely circulated report that highlighted another buy recommendation had a positive effect on Apple’s stock Monday as it closed up 3.15 percent at $589.53 even as the Dow Jones Industrial Average closed lower by 42 poitns. While details in the report point at possible forthcoming concerns, the largely positive prediction for the next few months will give investors reasons to be optimistic.
Don’t Miss: Here’s How Apple Ruled the Holiday Weekend.
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