Quote:
Originally Posted by moeloubani
apple is finished, they had their time and now will start slowly fading as other companies with superior versions of apple products take over
samsung is good, microsoft is about to explode with the new windows 8 ($40 upgrade) and everyone will be happy to be running the same OS on their computer and phone
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Try to go buy an iPhone 5. You can't. You'll wait 2-3 weeks to get it. The ipad mini sold 3 million units last weekend. That's more than any of the prior ipads in the past. Yes, there is increasing competition, but their market share is actually really small. There is a ton of room for them to grow.
People have no idea what their cash on hand does to their price. Apple is trading at roughly 9 times EPS vs. 14 times EPS+ for the S&P. There's not a single tech company that is trading anywhere near that level, let alone, anyone that has over $120 billion in cash. The stock went parabolic, this correction was needed in order for it to go higher. Wait until January earnings, they will blow them out. A bottom is coming soon, that is if the fiscal cliff doesn't just take the entire market down with it, but you know what they say about picking bottoms, you get sticky fingers.