“Apple, Inc. (AAPL) shares have been on the defensive lately due to a combination of converging factors: iPhone 5 supply shortages, reports of Foxconn quality control workers’ strike and problems with Apple’s Maps,” Bachar Samawi writes for Seeking Alpha. “After having recorded a new all time high of $705.07 on September 21, 2012, Apple shares have dropped by as much as 8.04% to close $652.59 on October 5, 2012.”
“Some analysts claim that such close below Apple’s 50-day moving average of $656.69 could lead to further declines,” Samawi writes. “For any company other than Apple, such factors could be viewed as having resulted in a perfect storm which may have lasting reputation and performance damage. However, in the case of Apple, we can find no less than 9 reasons why such factors add up to nothing but a mere passing cloud, with possible long term benefits, which will ultimately lead Apple shares to record new highs.”
9 reasons Apple stock will hit new all-time highs:
1. Apple often defies Bearish Technical Indicators
2. Valuation
3. Expanding P/E ratios
4. U.S. Dollar depreciation
5. iPhone 5
6. iPad mini
7. Margin retention
8. Supplier diversification
9. Status symbol
Read the full article here.
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]