“The general sentiment around Apple (AAPL) remains very positive. Almost 70% of sell-side analysts rate it a Buy and only 6% rate it as a Sell,” RedWaveResearch writes for Seeking Alpha. “I think Apple’s best days are behind it and that is has already hit peak stock valuation and earnings power.”
“Steve Jobs never seemed to concern himself with short-term Wall Street expectations, but he was constantly innovating and adding value to shareholders in ways they often didn’t understand under after the fact,” RedWaveResearch writes. “Can the same be said about Tim Cook? There hasn’t been any truly innovative product to come out since he became CEO. While Apple’s stock performed well soon after his appointment, much of that success can be traced back to products put in place by Jobs.”
“I think Apple is a name that is best traded, rather than holding for the long-term,” RedWaveResearch writes. “At the current price, in the $530s, I don’t think Apple is a short-term buy. I would consider buying the company under $450 and selling at anything over $550.”
Read more in the full article here.
MacDailyNews Take: iCaled.
At Apple, disruptive innovation happens sporadically and then each product is refined in quest of perfection.
• iPhone was released 5 years, 7 months, and 19 days after iPod.
• iPad was released 2 years, 9 months, and 5 days after iPhone.
• Tim Cook has been Apple CEO for 2 years, 6 months, and 18 days.
Apple can’t replace Steve Jobs, but it must try or something – March 12, 2014
Apple CEO Tim Cook: ‘There will be new categories; we’re working on some really great stuff’ – February 7, 2014
The myth of Steve Jobs’ constant breakthroughs – September 25, 2013
Tim Cook forever competing with Steve Jobs’ ghost – September 17, 2013