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CNN/Money: Apple earnings don’t matter

According to Paul La Monica and Alexandra Twin of CNN/Money, Apple’s upcoming financial results are not a factor in gauging demand in the tech sector: “Apple may be the undisputed heavyweight champ of online music. But its market share in the computer business, which still accounts for nearly two-thirds of the company’s total sales, remains Hobbit-like small. Apple is clearly an innovative and cool company but in the grand scheme of things, its results are only significant for Mac junkies and/or Apple shareholders. Investors looking for clues about what’s happening in the broader tech world would be better off digging through the reports from Intel and IBM.”

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