A case of too little too late. 2020 is a long time ago, isn't it?
Being a fan of some fanciful product is one time and investing in one is another, altogether.
I was a fan when Steve Jobs revolutionised the mobile phone industry with its first few iPhones until his demises whom I believe brings along the iPhone with him. Since iPhone 8 there's no longer anything that excites and urges to get hold of one. I sold my iPhone 8 for a small profit and got an Android for the first time s. Since then, Apple could not arouse anymore and with the iPhone 15 it's a joke when you compare with its competitors.
However at the same time I continued to invest in Apples and made handsome profits thanks to Steve and his legacy. However as I saw it that if Apple continues the ways it does business with little product development I started to sell since last year. And my friends and I have since bought Tesla but that's another story for another day.
So, what am saying?
Great company comes and go like the once great Fords T. Investment is both an art and science if we're referring to the technical analysis and charts. Fundamentals are very important and so is the value of the stock at hand. One wouldn't buy anything that is not cost efficient i.e expensive in terms of EPS, industry PE and potential of the stocks. Like anyone else I make some and I lose too. In conclusion we're great if we don't make the same mistake twice and never love a stock but it's value.
Good luck. Any comments?
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Apple has become an old, backward looking company looking to protect their market. They are very unlikely to ever introduce a new product which moves the needle
Apple starts to look like they need another high growth product line and not something tiny that cannot move the total revenues meaningfully higher. Otherwise the valuation is out of line.
What price would you willing to purchase AAPL? I think if you are waiting for the price to drop 103—the price you are calling fair value
Once it hit the 3T market cap it’s clear it wouldn’t race to 4T or even 5T which can take many years.
Apple is suffering from "good enough" syndrome. Customers are upgrading less frequently.