“After reaching highs above $700 last year, Apple’s stock collectively earned itself bragging rights as being the world’s most valuable public company,” Daniel Eran Dilger writes for RoughlyDrafted. “But since then, the company’s shares have plummeted in value. Why, and will this change when Apple releases its spectacular earnings [later today]?”
“Pundits have been offering us lots of explanations, the first and most loudly incessant being: Android is taking the world by storm!” Dilger writes. “It’s been over five years since the iPhone hit the market, and Apple continues to make more than 70% of the revenues of the entire industry.”
Dilger writes, “Who wins if Apple’s stock doesn’t skyrocket at earnings? Well, everyone. And nobody. Because it doesn’t matter. Apple controls markets and its competitors are begging for scraps. One can’t inhale +$10 billion a quarter and really be worried about what punditry chats about one’s value. It’s going to be really hard to keep Apple’s market cap artificially low for very long however. Once Apple’s stock doubles to reach $1000, then we can rationally discuss the potential of it continuing to increase on the merits of new products and spheres of business.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Brawndo Drinker” for the heads up.]