Apple stock still worth buying, says Citi and Goldman Sachs


Yes, we’ll soon all be at each other’s throats fighting over cans of soup, but Apple? It’s fine, despite that drop earlier in the week. That’s what Citi and Goldman Sachs say, at least. Those two haven’t failed yet, so we’d do well to hang on their every word.

Both Citi and Goldman Sachs kept a “buy” rating on Apple stock, despite the fact that it tanked by some 18 percent the other day. Apple still may find that iPod and Mac revenue will drop—people spending less on luxury goods—so it’s not all wine and roses.

One other thing: Citi expects that new MacBook, whenever it comes out, to improve Apple in the short term, especially if it comes in under $1,000.