AAPL Forecasts Tank Across Industry

[Michael Essany]

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.

Of course, not all news here is bad. In fact, even if the more conservative price target holds consistent, that would mean Apple is still on pace to reach a new all-time market high of $740. And many analysts believe that when Apple bounces $225 (most likely in 2013), price targets will again soar to the $900 or $1000 levels.

Source: Fortune

[REMED1AL]

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!

[Jahooba]

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.

[unison999]

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.

[Extremador]

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.