“Tell me if you’ve heard this one before. Apple releases a new product, gets rave reviews and has lines around the block at their stores, yet the press predicts doom and gloom for the company,” Bobby Owsinski writes for Forbes. “Well, we’ve seen this very scenario play out again with the latest introduction of the latest iPhone 5S and 5C.”
“Wall Street consistently shows that it has its head in the clouds and is about as far away from Main Street as could be,” Owsinski writes. “The example that I love the most is when a company issues an earnings report where things went well during the previous quarter and it actually turns a profit, yet their stock gets pounded because some analyst proclaims, ‘Yes, but it didn’t reached our estimates, so we should worried about the company’s health’ (this has happened to Apple many times)”
Owsinski writes, “Here’s the bottom line that doesn’t require a Wharton School MBA – you make money, you stay in business. You lose money, you go out of business. Apple has made a lot of money as it’s estimated $145 billion (yes, that’s with a ‘B’) cash on hand shows. I’d say that’s pretty healthy.”
Read more in the full article here.
Apple proves critics wrong with blowout iPhone sales of the new iPhone 5S and 5C – September 23, 2013
Apple destroys smartphone sales record: First weekend iPhone sales top nine million units – September 23, 2013