“When Steve Jobs unveiled the iPhone in 2007 he claimed it would take the competition five years to catch up. Apple shares rose slightly from $122. Now as the company prepares to unveil its latest results in 2013, those same shares trade at $398,” Matt Warman writes for The Telegraph. “Over the equivalent period, Microsoft’s shares are basically unchanged; Google has risen from $524 to $800. It’s worth remembering that Apple remains one of the best investments of the last decade.”
“Apple is, in that sense, a victim of its own success; investors wanted it to keep disrupting music and mobile phones, and now to disrupt TV and watches too,” Warman writes. “The realisation that no company can reasonably be expected to revolutionise everything it touches has come as a painful blow to the share price.”
Warman writes, “Writing it off is premature, and denying its existing strength, both as an innovator and cash cow, is simply childish.”
Read more in the full article here.
The graph in this article is remarkable.
Yes, because after all the hoopla, AAPL is now almost exactly at the stock price when “Steve Jobs dies.” I did not realize that interesting coincidence…
And by percentage, the current decline from $700+ is not nearly as bad as the $200+ to under $80 decline, during 2008-2009.
But that decline was fueled by a macro economic failure.
“Apple is, in that sense, a victim of its own success; investors wanted it to keep disrupting music and mobile phones, and now to disrupt TV and watches too,”
No, any expectations other than quality products and support will never be met because most people don’t think different.
stupid.
Thanks Matt Warman for summing up Wall St pretty nicely for me – its basically one extra large, unsupervised kindergarden playground…
“…denying its (Apple’s) existing strength, both as an innovator and cash cow, is simply childish”
They still make the best stuff, they’ll be fine. Check back in six months. New products will have been released and new products on the horizon. Including a larger iPhone. Who knows, maybe iTV and or iWatch? Between now and then it may be a little bit rocky. We’ll know in less than an hour.
Did you just pass by a mirror?