Apple's stock is taking a tumble today, and it has reached the lowest level since 2011. So much for all those insider stock options. Some are blaming the recent tumble on a recent note from Jefferies & Company analyst Peter Misek who said Apple would face a couple of disappointing quarters. Then there was Forbes report that Apple would not be introducing anything "new" in 2013. The market is bailing on Apple and it's not pretty. The stock is down 35% from its high last September.
Perception is reality sometimes and right now the perception is that Apple is drifting behind. While other companies are making Android devices with large, high resolution, displays, Apple has been content to stick with a relatively small iPhone.
Apple's services are less than stellar and people know it. Maps, iCloud, iTunes Match, and iMessage, just don't work as advertised. Remember when Steve Jobs told us that iCloud "just works?" Well, it doesn't always "just work" and people have found those services to be unreliable.
The world is changing and Apple seems stuck in the past. They still only release one new iPhone per year, and it gets harder and harder for the iPhone to impress analysts when so many new Android devices get released in a year's time. The public seems to be happy with Apple however, because their sales numbers are great. Analysts are a different breed however. They live in the world of perception, and they're trying to stay one step ahead of the curve. My view is it is a good opportunity to get Apple on the cheap. Once Apple fixes their services and releases a new iTV or iWatch, the stock price will start to climb. Apple has issues, but nothing that can't be fixed.
Perception is reality sometimes and right now the perception is that Apple is drifting behind. While other companies are making Android devices with large, high resolution, displays, Apple has been content to stick with a relatively small iPhone.
Apple's services are less than stellar and people know it. Maps, iCloud, iTunes Match, and iMessage, just don't work as advertised. Remember when Steve Jobs told us that iCloud "just works?" Well, it doesn't always "just work" and people have found those services to be unreliable.
The world is changing and Apple seems stuck in the past. They still only release one new iPhone per year, and it gets harder and harder for the iPhone to impress analysts when so many new Android devices get released in a year's time. The public seems to be happy with Apple however, because their sales numbers are great. Analysts are a different breed however. They live in the world of perception, and they're trying to stay one step ahead of the curve. My view is it is a good opportunity to get Apple on the cheap. Once Apple fixes their services and releases a new iTV or iWatch, the stock price will start to climb. Apple has issues, but nothing that can't be fixed.