Whether you are a novice investor, or a senior analyst at Goldman Sachs, Apple shares have always brought attention. This stock has been a staple in 401k's and IRA's across the nation. In an article titled, "Apple's drop shows price of popularity" Mark Hulbert expresses the reality that many investors have bought the hype. To be fair, Apple has been an outstanding company with products that have developed a cult-like following. However, Apple shares are down 40% since their peak in September now trading at around $443/share. Lack of innovation, leadership and clarity pertaining to the future of this company have left many investors confused. With doubts like this, an already over-emotional market will show its true colors. There has been a massive sell-off, and the market is still scratching it head.
Is this just a great entry point for a cheap Apple stock or is the market tired of AAPL?
http://www.marketwatch.com/story/apples-drop-shows-price-of-popularity-2013-01-25?pagenumber=1
1 comment:
While I agree that the stock was overvalued, I do not know of there is a lack of innovation and or lack of leadership. Of course, Tim Cook is not the innovator or voracious leader the Steve Jobs was, however, he has been with Apple since 1998 and the company's COO since 2007; furthermore, he is Jobs' handpicked successor. Apple has set the standard for the phone and tablet markets - some may even argue more markets - and every company that releases new products in these markets are trying to take some of the market share or just trying to rival Apple's products. I believe in a strong future for Apple and think some were just very optimistic and were too bold on their future earnings.
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