Jim Cramer, host of CNBC’s “Mad Money” progeam “felt that innovations revealed during Apple’s Developer’s Conference left the Street underwhelmed,” Lee Brodie reports for CNBC. “‘They talked about incremental positives and changes in the ecosystem,’ he said.”
“That not to say the developments aren’t important – they are; but they’re not likely to drive significant buying. ‘I don’t think they will create a mad dash to the Apple store,’ Cramer said,” Brodie reports. “And if tech faithful aren’t blogging about these developments and counting the days until the innovations hit shelves, Cramer doesn’t believe shares will rally in any significant way.”
Brodie reports, “‘Apple just didn’t provide the OMG factor that’s needed to propel estimates and therefore the stock, higher,’ he said. ‘And until they do I think Apple is dead money.'”
Read more in the full article here.
MacDailyNews Take: The facts do not bear out Jim Cramer’s assessment. Big surprise.
Google Trends’ Hot Searches for Monday, June 10, 2013:
#1. iOS 7
#4. Mac Pro
#17. Apple.com
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