Apple Inc's (NASDAQ:
AAPL) virtuous cycle continues to build momentum. The iPod brought Apple back to life, a new life which the company is using to drive positive results for its Mac products.
Mac shipments were up 32%, three times the PC industry growth rate. Apple saw 79% growth in notebooks and has inventories under control at three to four weeks.
The Mac is now growing rapidly, and the next thing, the iPhone, is coming to market in June. Apple appears to be working through the software glitches, the product should be ready to ramp by the holiday season.
Additionally, Apple is introducing the Apple TV.
While there are always potential chinks in the armor in the fast moving technology industry, it appears the momentum at Apple continues. I'd stay with this rocket-ship of a stock.
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