| Thread Tools |
20th April 2012, 06:28 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,447
| Apple faces financial reality check The cocaine nose jobs of Wall Street are worried that the Apple juggernaut might just have run out of steam. When Apple announces its results, several analysts told Reuters that they will be going over them with a fine tooth comb. For the last five days, Apple shares have been taking a hammering as Wall Street and many investors started to fear that the stock was overvalued. Apple is starting to look like a bubble waiting to burst. Jobs' Mob faces major legal challenges across several continents, some of which are of its own making. It is also facing increased competition from Android. It has also not come up with a new product for a while, just fairly dull enhancements of the old ones. All this happened as Apple's shares surged nearly 60 percent to a high of $644 this year. Analyst Channing Smith, co-manager at Capital Advisors Growth Fund told Reuters that the slightest bit of a disappointment in Jobs' Mob could result in a significant selloff. Smith said that when share prices get above $600 you start to realise that things are losing perspective. Most investors still think Apple has legs and even the shareholders that will abandon the outfit will do so because the share price is too high and may come back. But the feeling is on Wall Street is that investors need to have a bit of common sense when it comes to Apple. http://news.techeye.net/business/app...-reality-check |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
ASRock Releases its Annual Financial Report, Does Well | Stefan Mileschin | WebNews | 0 | 14th March 2012 07:41 |
Apple Faces Fines in China, Possible iPad Ban for Trademark Infringement | Stefan Mileschin | WebNews | 0 | 9th February 2012 08:54 |
Windows 7 Slate Faces Off Against the Apple iPad | jmke | WebNews | 0 | 11th August 2010 17:43 |
Reality Check: A Mac is a PC | Massman | WebNews | 4 | 28th September 2008 09:33 |
Reality check: what we know (and don't) about Windows 7 | jmke | WebNews | 0 | 19th December 2007 19:48 |
OCZ Shares Go on Sale - OCZ Discloses Financial Results | jmke | WebNews | 0 | 22nd June 2006 11:45 |
Reality check on Xbox 360 | Sidney | WebNews | 0 | 29th November 2005 21:56 |
ABIT Woes: Financial Irregularities Under Investigation | Sidney | WebNews | 1 | 17th December 2004 03:36 |
Thread Tools | |
| |