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12-28-2012, 10:55 AM #1
AAPL Forecasts Tank Across Industry
What a difference three months can make.
After soaring to all-time highs in the wake of iPhone 5's triumphant market introduction in September, shares of Apple have fallen nearly $200. Although concern about the so-called "fiscal cliff" has spread to all aspects of the financial markets, seismic shifts across the tech landscape have also impacted Apple's Wall Street preeminence.
On Friday, a new report surfaced indicating that the bulk of industry analysts surveyed in recent days dropped their once lofty forecasts for AAPL. In fact, the average price target for AAPL has downright plummeted.
Eleven analysts lowered their Apple targets in the final weeks of the company's first fiscal quarter of 2013, which ends Saturday.
12-28-2012, 12:54 PM #2
Apple should increase and move up their next round of stock buy back. It's a great APPL sale. Buy back 10 Billion in stock and get a free bonus of 5.5 Million extra shares over previous peak price. Those free bonus shares will be worth an extra 4 Billion after the rebounding market!
Last edited by REMED1AL; 12-28-2012 at 01:01 PM.
12-28-2012, 02:29 PM #3
I'm not worried for Apple. They'll do just fine over the next decade at least. Regardless of what their company is valued at, they'll still bring in far more money than they're spending.
12-28-2012, 07:42 PM #4
I am not so optimistic, Apple do not have any revolutionary product for quite some time now.
Apple will not disappear, but it will not have the dominance it once had.
01-04-2013, 03:02 AM #5
I remember when AAPL and GOOG were neck-to-neck with stock prices. Apple was in the high 600's almost hitting 700. Now it's sitting below 600 while Google is above 700.