from this time in feb to jun 1st, this is how aapl has performed over the last 6 years....
2004: UP about 15%
2006: DOWN about 5%
2007: UP about 40%
2008: UP over 40%
2009: UP over 40%
so... of course nobody know what will happen THIS year... but here are is the range:
185 (down 5%) to 270 (up 40%)
the average over the 6 prior years was approx 20% UP.... that would put aapl at about 235...
time will tell...
go apple... go aapl....
I am not a believer of the 'halo effect' but do think there will be significant revenue from ebooks and the iPad while other sales remain strong. Next after that is advertising revenue. Very low incremental cost and lots of revenue which helps the bottom line a lot.
Thank you for a great post.
All this nonsense will soon fade and reality will be restored reflecting the fundamentals of this venerable company.
Really, forward PE of 16 with a 180 B market cap, with 40 B CASH and Y/Y rev for the last 9 quarters exceeding 30% !!
Umm, this company is in major FUD attack zone. Not to worry, when this melts with the snow (low volume helps FUD attackers) we will break out big time with the warmth of new spring.
And all the doom-and-gloomers will go scurrying into their bunkers running from the light of day!
FWIW My 2 cents: AAPL 215 by March 28, 2010
the s&p over the same six years...
2004: UP 3% (aapl up 15%)
2005: flat (aapl flat)
2006: up 1.7% (aapl down 5%)
2007: up 7% (aapl up 40%)
2008: up 3% (aapl up 40%)
2009: up 13% (aapl up 40%)
so... not a strong correlation at all...
by the way.... from feb '04 to now aapl is UP over 1500%... the s&p is DOWN over 7%...