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Apple feels the pressure from slowing economy

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By Daniel Jacobs
24 September 2008 @ 01:09 pm ET

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Freelance photographer Norbert von der Groeben has Adobe Photoshop CS3 software shown in foreground with an Apple MacBook Pro laptop running the Photoshop application on his desk in Palo Alto, Calif., Tuesday, Sept. 16, 2008. Apple has a number of successful product lines, including the popular iPhone and Mac branded computers, however slumping demand for laptops and a strengthening dollar are raising new concerns on the company's outlook.

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AAPL	199.92	-0.59
DELL	14.29	-1.58

"In two of its three big franchises, Mac and iPhone, penetration is very low and starting in the higher-income demographics," Wu said.

Shares of Apple rose $2.49, or 1.97 percent to $129.34 in afternoon trading on the Nasdaq.

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