“Apple has always been a strong and innovative company with a history of successful product launches,” Investanomics writes for SeekingAlpha.
“Now I’m not predicting that Apple will reach $10,000 anytime soon; I’m trying to open up your mind and bust a long-time investment myth,” Investanomics writes. “A stock’s share price has nothing to do with how high or low a stock can go. In fact, the share price is determined by the investors in the stock and the performance of the company itself. Let’s take a look at Berkshire Hathaway A shares (BRKA). Berkshire started trading in 1979 at $775 per share, and the company now trades at over $110,000 a share.”
Investanomics writes, “All the company did was continue its history of successfully growing its business and generating profits… Apple has had a successful track record of continuously generating profits, and I expect that to continue. At current prices, the market is discounting the future pipeline of the company.”
Much more in the full article here.