“Some Apple followers have begun worrying that the company has lost the secret formula that made it so successful during the Steve Jobs era,” Goldman writes.
MacDailyNews Take: Strike “followers” and replace with “fomenters.” You’d think a hack tasked with churning out hit-whoring filler for CNNMoney would grasp that, at least.
Goldman writes, “‘I’m not buying the ‘Apple isn’t innovating because it hasn’t done a category-buster in three years’ story,’ said Carl Howe, analyst at Yankee Group. ‘It’s a bit like saying Toyota is doomed because Toyota’s latest category-buster, the Prius, is 11 years old.'”
MacDailyNews Take: Leave it to the always-reliable Carl, still one of the best Apple analysts, to knock a little sense into the proceedings.
Goldman writes, “Apple has become a victim of its own success. It’s under tremendous pressure by investors and Wall Street analysts to outperform its rivals and top itself quarter after quarter. Yet Apple’s multi-year run as the world’s most valuable company — while maintaining startup-like growth — was bound to end eventually.”
MacDailyNews Take: Check the market values, Davey. Apple is the world’s most valuable company after a brief bobble on their one-year – not multi-year – anniversary of displacing Exxon Mobil (XOM), which Apple’s value currently exceeds by some $30 billion dollars or, in other words, a Dell and two AMDs.
Goldman writes, “Apple’s stock has fallen by a third over the past five months.”
MacDailyNews Take: Thanks to market manipulators and their willing/ignorant puppets, like you, David.
Full scribble, with which you don’t need to bother as there’s nothing of value since we’ve already excerpted Carl’s quote, here.
[Thanks to MacDailyNews Reader "Fred Mertz" for the heads up.]