21 Mar Are Apple investors losing faith?
Apple, one of the most admired and innovative companies in our generation has been a favorite among investors since they’ve revolutionized the portable music player industry with the iPod. Then they set out to redefine the cell phone business with the iPhone and now recently, the tablet computer market with the iPad. I didn’t even mention their growing influence in the desktops/laptops as well with the iMacs. Investors have been really pleased with the stock price performance as Apple’s stock price has increased more than 1000% over the past 10 years. As of today, Apple’s stock price is at $330, a little off from it’s high of $365 set last month. Now there are suggestions from stock analysts that apple’s stock price is starting to weaken and may stop going higher. The concerns are due to component supply shortages due to the japan tsunami, slowing demand for apple products and the high valuations of the company stock. What are your thoughts? I love the company’s products and I wouldn’t be surprised to see a short term decline in their stock price. When it gets lower then I’ll be ready to buy at bargain prices.