Is The Worst Over For Apple Stock?

Discussion in 'Stock Market Forum' started by Rainman, Mar 21, 2016.

  1. Rainman

    Rainman Senior Investor

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    Fears that Apple won't be selling too many phones any more made the company's stock drop gradually over the course of several months by about 30%. Since January though the stock has risen by 12% as as investors await the launch of the Phone SE which will be the most affordable entry-level Phone. Apple believes that the phone which is priced at $550 will make the company $5.5 billion by the end of the year.

    Thoughts? Is the worst over for Apple?

     
  2. eddiemoneys

    eddiemoneys Well-Known Member

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    I would like the say yes for the most part. Apple has been through quite a rough ride since Steve Jobs died and Tim Cook took over reign of the company.

    They have a very specific market and appeal to certain groups of people and needed to maintain that edge and advantage despite the change of hands. It hasn't been easy for them, but the fiasco with encryption and standing against feds trying to enforce it may have worked in their favor some lately.

    I don't expect to see large gains on the stock charts and numbers for them like they had during the mid to late 2000's unless they start releasing new, desired, and relevant products to keep those numbers strong. Even if they don't, there should be some balance returning in contrast to the wild changes going on with their competition in the marketplace.
     
  3. JR Ewing

    JR Ewing Super Moderator Staff Member

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    They've got over $200 billion in cash/equivalents. I said recently when it was in the low $90's that it was probably a good time for a new investor to buy a little, even though I've sold most of the shares I'd been accumulating over the last 9 years.
     

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