Yesterday, I put the Apple iPhone 5 as the greatest smartphone in Q1 2013. I said this was the only thing going for Apple right now. Apparently, I may be right. Since September 2012, Apple has lost almost half it’s stock.
Last September, Apple broke Wall St. records when it hit a high of $702 a share. As of Friday April 19, that stock is around $390. During this time, Apple lost? $150 billion in cash. Their growth is gone, profit margins are near gone, and don’t count of any earth-shattering new Apple products in the near future. There seems to be no end in sight. So why be hopeful?
I don’t know if it’s resilience or pity, but investors believe Apple has nowhere to go but up. This is good?for us consumers too. The stock decline will force Apple to reduce it’s prices on their products. Now?that their stock prices are down to Earth, more people can invest in Apple (well, more than last September). In fact, word?on the Web is Apple is working on a cheaper?iPhone. That same word?says Apple is working?their TV and/or smart watch. That?could get people coming back.?So Apple has a lot, or has the potential, to have a lot going for them. Will you be investing in Apple anytime soon?