“Good things come to those to wait, so we are told. When it comes to Apple, both investors and consumers have been waiting for some new products to be launched,” Bill Maurer writes for Seeking Alpha. “When you combine the lack of an iPad refresh with a weak PC industry, Apple’s revenue growth has completely stalled for the time being. However, that may be about to change.”
“Next week, Apple is expected to start launching new products, and the wait will be over,” Maurer writes. “These new products are very important for Apple, but investors need to remember that Apple’s year ends in September. Even if the company releases two new phones for sale on the 20th and maybe something else, they will contribute a very small percentage of revenues to this fiscal year. These products will form the basis for the story of Apple’s fiscal 2014, which starts in less than one month.”
Maurer writes “While Apple shares could sell off right when products are announced (as they have at times in the past), this is a time that Apple shareholders should look forward to. Those that bought at $400 a few months ago were handsomely rewarded, and those now buying at $500 will hope for similar results thanks to these new products coming shortly.”
Tons more in the full article here.