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Apple Inc. Message Board

  • mikeylucky7 mikeylucky7 May 1, 2013 11:07 AM Flag

    AAPL small bounce was not due to anything positive at aapl. Just a buyback.

    AAPL is in deep trouble and has long term problems. That is outlined by the fact that all analysts slashed their earnings estimates and long term revenues. Its also accentuated by the fact that profits have gone down for the first time in 10 years. Then also competition!!! That is what is going to take aapl down much much further. In the past aapl never really have competition. Now its everywhere and its stealing market share. That can't be ignored! I see aapl below $400 soon and will probably settle around $300 later this year. Way too many big problems at aapl. The buyback is great but lets face reality, its just a very short term effect.

    Sentiment: Strong Sell

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