Goldman cuts Apple's stock target citing 'slower pace of product innovation,' still rates it 'buy'
0. phoneArena 03 Apr 2013, 09:18 posted on
While Goldman defends Apple's addition to its own Conviction List of stocks with "buy" rating back in 2010, citing how the iPhone maker outperformed the S&P by a large margin in the period, it also warns about some headwinds for the show that Tim Cook currently runs...
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5. bubbadoes (Posts: 352; Member since: 03 May 2012)
They have run out of answers..They know the iphone5s will not be anything more than the current model which is not in demand nowhere.
2. Aeires (unregistered)
Strange to read that one of the problems is supply chain difficulties. Jobs put Cook in charge of the supply chain, it was his expertise. Now he's running the company and they have problems in that area, one can only think it has a lot to do with cutting off Samsung as a component supplier.
3. TechBizJP08 (Posts: 495; Member since: 25 Mar 2013)
Maybe nobody wants to talk about this stuff. fanboys left the building. LOL
4. -box- (Posts: 3866; Member since: 04 Jan 2012)
I'm surprised they still rate it.in the $500s, but I guess they have to make it tempting for potential buyers. I still see it in the $300s or lower, IMHO
6. jsjr76 (Posts: 24; Member since: 28 Sep 2010)
Hey everybody, not to be a jerk, but read a book on how stocks work. The price can be inflated to any price speculators and analysts want (within reason, the stock has to be able to be resold). Apple simply got overvalued and a lot has to do with their P/E ratio (price to earnings and over exuberant Apple lovers). No reason to hate, no reason to trash talk. This isn't the first time in history this has happened by a long shot ( remember what les to 1929???). Facebook is a prime example. Granted I agree with anyone that Tim Cook isn't a visionary genius like Mr Jobs, and maybe the flavor has gotten a little stale, but this is simply what happens in the stock market.
7. Timmehor (Posts: 599; Member since: 09 Mar 2013)
As soon as Apple slowed its pace of innovation their stocks have decreased. Lets see some innovation Apple!
8. Pings (Posts: 301; Member since: 19 Dec 2008)
Apple! Innovation? LMAO!!!! More like Apple ripping someone's idea off and then suing them for it...
9. Timmehor (Posts: 599; Member since: 09 Mar 2013)
Lol, you can't do that. When someone in the tech world make an idea, they patent it. Apple can't sue other peoples patents, lol.
10. GadgetsMcGoo (Posts: 167; Member since: 15 Mar 2013)
This is it. Apple no longer have Jobs to tell adherents what to buy and Cook doesn't have the balls or influence over them to do the same.