“Apple’s stock is on track to see negative annual returns for the first time in seven years, extending losses even further on Monday,” Stephanie Yang reports for CNBC. “But the shaky performance isn’t a problem for some market watchers, who say that the popular stock won’t stay down for long.”
“One common concern among investors has been slowing sales and shipments in its flagship product, the iPhone,” Yang reports. “But Erin Gibbs, equity chief investment officer of S&P Investment Advisory, said other Apple products should help bolster profitability as they gain traction.”
Right now we’ve seen a big hit because there’s been some news of slowing iPhone sales. But we’ve known that even though iPhone sales make up about two-thirds of the revenue, a lot of the future growth is expected to come from non-iPhone products like the Apple Watch and the iPad. — Erin Gibbs, S&P Investment Advisory
“When looking at the company’s valuation compared to the information technology sector, this could be a good time to buy, Gibbs said,” Yang reports. “Apple shares have fallen about 3 percent year to date, amid a down year for the broader market.”
Read more in the full article here.
MacDailyNews Take: As we wrote back in January 2012:
AAPL is like a buoy. Quick, it’s back on the surface! You there, analyst, and you, too, swim down and tug on the chain! Drag it under… lower, lower… Good! Now, quick, everybody jump on, and we’ll take a ride back up to the top again!
And, as we wrote in April 2012:
At the most basic level, it’s extremely simple: Pump, then dump. Foment, then buy. Rinse, lather, repeat as the SEC sleeps.
So when Apple is predicted to have weak iPhone sales this quarter, the stock tanks…
Then…Now these idiot out of touch crooked annalists are priming the next quarter ahead of this one, with their twisted iPhone 7 rationale, a total conjecture and reality denial, that will setup fear, uncertainty, doubt and shaky expectations, and again, in turn, the stock tanks…(again…). Will sheep ever learn?
Apple’s real world reality, numbers and world presence has to at some point “again” make a point with the sheepeople, who follow these annalist’s ingenious ignorance and bad vibes..(again and again) that they too are ( (again) victims of FUD and deliberate lies. Unfortunately a lot of scared money will be lost and made on the backs of rookie and scared private investors…the same ones these idiot conjectures are targeting…
These ain’t no private investors’s desires or expectations, these are big money investors’ and hedge funds’ expectations, in for a fast killing and spoil.
Apple is the best company in the country and the world, because it knows what the fuck it is doing and always has, AAPL is as solid an investment, for long.
AAPL beats exceptions..
Analysts say “They can’t do it again”
AAPL beats expectations..
Analysts say “they have no room to grow”
AAPL beats expectations..
Analysts say “they aren’t going to make anything new again.”
AAPL beats exceptions..
Analysts say “They can’t do it again”
WallNut Street isn’t insane, or coked out, or manipulated, or corrupt to the core? Then why this lunacy:
Apple’s stock is on track to see negative annual returns for the first time in seven years
If that is the case, it is seriously INsanely-insane. This has been yet-another joyfully exhilarating RECORD profit year for Apple. So what’s with AAPL? It’s clearly NOT Apple’s fault.