Deshost
2023-09-13

It's obvious, any it? No celebratory moods, no excitement, why?

I wrote once about Apple and its innovative power or lack of. I was expecting something innovative this time. 

Satellite communications, better digital payment innovation,better value for money. Alas, it was not to be, yet again.

Who cares about more colours, slight incremental 'improvements' that's no longer new to the competition, boasting about 20W charging capability and USB_C charging which is joke really.  And $100 more for a half hearted new product, not for me definitely.

So, are you surprised that the share price plunged further during the grandeur event? Nope, I'm not. I regret not selling more of my holdings earlier to take profits instead of holding on for the good news. 

Now, what can we do about it? For me, I'll not buy any more until it bottoms. Apple ihas good fundamentals but this is already priced into the stock price and intact it's not cheap today even with the falling price.

Regarding the balance of my holdings I may sell some more to fund other potential.

Sad, but it's the reality that Apple is no longer as innovative as it used to be. Instead its relies more on advertising and 'gimmicks' which can hold if the innovative power remains. Good luck!

etit' that  are nanihon

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Comments

  • JONESTea
    2023-09-13
    JONESTea

    Wall Street has mostly priced in a pause in rate hikes at the Fed’s next meeting. Fed funds futures pricing data as of Wednesday morning indicate a 93% probability of rates remaining the same, according to the CME FedWatch Tool. Good news.. rate pause in sept for sure...93% expected pause ...Buy buy buy...

  • cheerzy
    2023-09-28
    cheerzy

    Next Market Rally which should start after govt deal will take oversold Amazon to $135 level!

  • kookiz
    2023-09-13
    kookiz

    Price increase on ipro max and increased NEW buyers and massive wave of iphone upgraders = expecting double digit revenue growth for 2024.

  • bubblyx
    2023-09-28
    bubblyx

    Who thinks AMZN will finish the year higher than 145 to surpass it's previous high? Let see those thumbs

  • nimbly
    2023-09-28
    nimbly

    Still holding my $150 target for next 6 months!

  • ColinThorndike
    2023-09-13
    ColinThorndike

    Inflation numbers were sky-high. This market is going crash, does it really matter when.

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