BiggnightsRotten Apples: Apple Stock Turning Heads for the Wrong Reasons
April 7th 2011 18:13
Apple, Inc., still renowned as one of the most successful companies in the United States with one of the most dynamic CEOs in the world in Steve Jobs, is slowly heading in the wrong direction.
The recent additions of the iPhone 4 and iPad 2 to Apple’s product lines were expected to boost the company’s stock for years to come. It was said that anytime is a good time to buy Apple stock, since it is practically a guaranteed return.
However, Apple has not surfaced as the corporate juggernaut everyone thought, and is no longer looking like a contender with Exxon Mobil for the world’s most valuable company. This past week, Apple stock has sunk to as low as $30 per share less than its 52-week high, and is currently selling around $337 per share.
Anyone who bought Apple stock in the past couple of months has taken a huge loss.
Apple is a profitable company, and they are a model not only for companies in the electronic sector, but all industries worldwide. In the short term, however, that does not make it a good stock option.
It is definitely conceivable that Apple has reached its peak, at least for the time being. The problem with Apple is in its risk. It is possible that the company will regain its form and rise exponentially as it has in the past, but the questions surrounding Apple make it a volatile stock.
Most notably, CEO and Apple savior Steve Jobs is out on medical leave with no current indications of when he will return. Steve Jobs is like a god amongst men in the business world. His charismatic yet technologically-savvy personality has made him a financial icon, almost like a more personable Bill Gates. Not only did he build Apple up from scratch, but his innovative ideas rescued the company following a brief hiatus that left Apple in financial turmoil. Without him, the company has flirted with bankruptcy.
Also, with all the negative media attention surrounding the constant change in technological products, how can Apple possibly expand any further without isolating its past customers?
The competition is fierce, and the financial giant that Apple once was may be heading towards another fall. Well, until Steve Jobs returns that is.
The recent additions of the iPhone 4 and iPad 2 to Apple’s product lines were expected to boost the company’s stock for years to come. It was said that anytime is a good time to buy Apple stock, since it is practically a guaranteed return.
However, Apple has not surfaced as the corporate juggernaut everyone thought, and is no longer looking like a contender with Exxon Mobil for the world’s most valuable company. This past week, Apple stock has sunk to as low as $30 per share less than its 52-week high, and is currently selling around $337 per share.
Anyone who bought Apple stock in the past couple of months has taken a huge loss.
Apple is a profitable company, and they are a model not only for companies in the electronic sector, but all industries worldwide. In the short term, however, that does not make it a good stock option.
It is definitely conceivable that Apple has reached its peak, at least for the time being. The problem with Apple is in its risk. It is possible that the company will regain its form and rise exponentially as it has in the past, but the questions surrounding Apple make it a volatile stock.
Most notably, CEO and Apple savior Steve Jobs is out on medical leave with no current indications of when he will return. Steve Jobs is like a god amongst men in the business world. His charismatic yet technologically-savvy personality has made him a financial icon, almost like a more personable Bill Gates. Not only did he build Apple up from scratch, but his innovative ideas rescued the company following a brief hiatus that left Apple in financial turmoil. Without him, the company has flirted with bankruptcy.
Also, with all the negative media attention surrounding the constant change in technological products, how can Apple possibly expand any further without isolating its past customers?
The competition is fierce, and the financial giant that Apple once was may be heading towards another fall. Well, until Steve Jobs returns that is.
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