“At the core of Apple Inc.’s troubles right now is slowing growth in iPhones,” Steven Russolillo writes for The Wall Street Journal. “The situation isn’t as dire as some investors seem to think.”
“Without a hot new product to take the iPhone’s place as a growth engine, investors worry that Apple’s go-go days are over,” Russolillo writes. “This has played into the stock’s 20% loss over the past six months.”
“And it seems to cement Apple’s broader, yearslong shift from a fleet-of-foot growth stock to a stodgier value play,” Russolillo writes. “Such a transition typically doesn’t bode well. Look at what happened to Microsoft and Cisco Systems at the turn of the century.”
“But it is important to distinguish Apple’s value appeal now,” Russolillo writes. “No matter the knee-jerk reaction following fiscal first-quarter results on Tuesday, a longer-term view suggests Apple is nowhere close to following in its fellow tech bellwethers’ footsteps.”
Read more in the full article – recommended – here.
MacDailyNews Take: Apple’s ridiculously low P/E ratio proves it’s nothing like what occurred with Microsoft and Cisco.
Apple Q116 earnings preview – January 25, 2016
What to look for in Apple’s earnings report tomorrow – January 25, 2016
Apple to release Q116 earnings, webcast live conference call on January 26th – January 22, 2016
[Thanks to MacDailyNews Reader “David E.” for the heads up.]