Arne Alsin for The Street, back in October 2001:
To survive, Apple has to convince Windows users to migrate to the Mac platform. But since Apple is not competitive on either price or applications, there is no compelling reason for users to switch. The game is effectively over. Dell, IBM and Hewlett Packard have a stranglehold on the PC industry that is secure, with Dell’s build-to-order model the clear winner over the long term. […]
Apple’s story now is fodder for business historians — don’t make it fodder for your portfolio.
Best part: his disclaimer says he was, at the time of writing, long on Circuit City.
If there’s any defense for Alsin’s Apple calls, I suppose it is this: Prediction is very difficult, especially about the future [Niels Bohr]