Now that Jobs is dead and stock has crashed, maybe the Cult of Apple will finally die.
At $300.00 I will purchase Apple. I predict this price will be hit after the Q1 earnings report.
Jobs rumored to be devloping an Icoffin..The dead will be able to access the internet and call former friends and business associates. Hence, when Jobs 'checked out' his dying words, "Just 1 more thing' will ring truer than ever..The Icoffin, coming to a mortuary near you..Thrilling news indeed !
Wrong. Apple products are just fad products. But their fad products put their competitors' products to shame. Jobs was one of the best marketers who ever existed, but Apple will carry on.
With all due respect, calling AAPL a cult stock is just childish and silly.
I don't particularly care for their products, but in my entire life (40 years and 18 as an investor of my own money) no company has more completely dominated it's competition than APPL has over the last 10 years.
Lets by clear, you could add up the profits of all the other mobility hardware companies in the world over the last 10 years, and they do not surpass APPL. Most mobility hardware companies have been forced to give their products away at cost, in a failed effort to gain a foothold in the market. Almost all have failed miserably.
Samsung sells far more devices that APPL, yet makes a small fraction of the profits that APPL makes.
This recent sell off aside, AAPL is one of the most amazing companies in the history of the world. They have unquestionably changed the tech sector forever. In the rest of your life, you are unlikely to see this level of sector dominance ever achieved again.
I heard an analyst on Thursday say that APPL turned out to be just another hardware company, whose product was easily commoditized. He welcomed APPL to the new reality of RIMM, and set a $50 price target by 2015. As if APPL was ever just RIMM.
To that analyst, I would point out that APPL was the company, even during the great recession, that made my generation of disciplined investors economically self sufficient. Every generation has a company, and a stock, that defines it. Mine was APPL. I First bought it in late 2008, for $85 per share, and have long since sold it, and realized my profits. I made a vow to myself to always hold on to a single share, as a reminder to myself of what the PERFECT investment opportunity should look like. With any luck, I may yet find another opportunity as good as APPL in 2008, though I certainly don't count on it.
Truly childish and silly!
Newsflash. $85 to $440 is a 5x gain. A lot of stocks went up way more than that over the same period.
Pick a tech stock at random. NFLX ($19 to $170).
BIDU ($10 to $100).
SanDisk (SNDK): $5 to $50
Google: $260 to $760
AMZN: $40 to $285
So tell me, what exactly is so special about AAPL and how is it the "PERFECT investment opportunity" when all stocks have skyrocketed beyond belief over the last 4 years.
Big money buys on Friday, must be millionaire cults, maybe Mormon church... Lol.
Fidelity and Blackrock control the price... Buying more from disillusioned retail...
TIME TRADE PRICE VOLUME
Jan 25, 2013 03:47 PM BOUGHT $444.31 15000
Jan 25, 2013 03:25 PM BOUGHT $445.60 15000
Jan 25, 2013 03:09 PM BOUGHT $452.18 73000
Jan 25, 2013 01:49 PM BOUGHT $446.50 15000
Jan 25, 2013 01:42 PM BOUGHT $445.00 25482
Jan 25, 2013 12:38 PM BOUGHT $440.06 15900
Jan 25, 2013 12:31 PM BOUGHT $440.00 10000
Sentiment: Strong Buy