Originally Posted by Rev Al:
* How many of you own Apple shares ?
* How many of you own an apple product---iphone, ipad, imac, I_whatever ?
I'm looking at the screen right now and apple has been in a tail spin since last September.
If you recall, back in Sept 2012 Apple was trading just over $700---right now Apple is at $428.60
From a market capitalization of 662 billion---Apple's market cap has plunged to 402 billion.
260 BILLION HAS BEEN WIPED OUT IN THE PAST 7 MONTHS--POOF!
Goldman Sachs took apple off its most highly recommended list of stocks today.
Is Apple becoming the JC Penny of tech ?
STEVE JOBS MUST BE WEEPING IN HIS GRAVE!
Nothing stays up forever---nothing stays #1 forever---nothing stays in power forever---the folks in political who despise the PPP will love this----the PPP will not stay in power forever---or will they be an exception to the rule ?
WILL APPLE RECOVER ITS GLORY ?
Nice Apple Avatar in your post.
Well I regret not buying Apple shares during the early days. I am an Apple fanboy, if you may. I started using Apple products from the 90's and have not looked back. I own each of Apple line of products and will continue to do so. The entire family own Apple products.
Apple's current problem is new Innovation. Since Steve's departure, they have failed to continue his legacy. In fact they are riding on his legacy and innovation.
The new kid on the block is Samsung as they now have a better understanding on how Apple operates and are going toe to toe with Apple. Apple tried the strong arm approach towards Samsung which fought back and I must add quite successfully.
Apple is here to stay but may no longer remain the market leader but will remain a force in the post PC era. Let us not forget that they are worth over 400 Billion. Take a look at most universities and colleges and you will see a very loyal brand oriented generation of users. Their products are still the favourite pick among the young crowd. Brand Loyalty is crucial to the survival of any company and Apple has a very loyal customer base.
What goes up must come down but Apple will bounce back. Just like the PPP which had a setback at the recent elections, Apple has to adjust to the changing dynamics of the post PC era.