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Thursday, 13 December 2012 11:40

Apple shares continue to slide

Written by Fuad Abazovic

apple

Analysts uncertain 


It looks like analysts and investors are not too enthusiastic about Apple's 2013 roadmap. Wall Street guys think that Apple can do better, at least financially. The last 52 weeks were a rocky road for Apple went all the way from $377.68 to a peak at $705.77, only to drop to  $539.00

On December 3rd Apple stock was selling for $591.7 and last night, just nine days later it closed at $539. It doesn’t look good, as on December 13th it went down a further 43 cents to $538.57 in afterhour trading. Apple crossed the $700 milestone on September 18th and today, less than three months later, it's down to $539.

The real truth is that Apple got to the point when people start to expect the impossible. We are not talking about mere mortals and consumers, investors and analysts are simply not being realistic. What's more, Apple is even benefiting from Google's botched Nexus 4 launch.

We came to the point when it is easier to buy an iPhone 5 then the Nexus, which is just sad, but it can also be interpreted as a sign of unprecedented demand for Google's new flagship phone. When it comes to execution Apple has a lot of iPad minis making their way to the market. The iPhone 5 continues to sell well, and let's not forget about the iPad 4 and revamped Macs. However, Wall Street apparently didn’t like the fact that the company lost some of its key people including Scott Forstall, the proud bloke who defended iOS maps.

Apple also let retail chief John Browett go, as the ex-Dixon UK chief didn’t do his job as well as expected. We don’t think for a second that Apple is running out of steam, as the iPhone 5 was accepted quite well and we are sure that the 5S will be even better. Let's not forget that Apple still dominates the tablet market, and it threatens further undermine the notebook market. 

Last modified on Thursday, 13 December 2012 12:36

Fuad Abazovic

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