Impaled by Its Own Success

There has been no shortage of bad news for Apple (AAPL), and now we're hearing reports that the company has slashed component orders for its Mac line of products. This comes on the heels of Wednesday's earnings warning by Apple chip supplier Cirrus Logic (CRUS), which was pounded for a 15% loss Wednesday.

I don't believe a slowdown in computer sales is a reflection on Apple or the quality of its Mac products. Instead, I feel it reflects a secular move away from computers and toward tablets. You'll recall that, just last week, International Data Corp. reported that global personal-computer sales fell 14% in the first quarter of this year -- the sharpest drop ever recorded....392 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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