The faster the ascent, the harder they fall; so seems to be the case recently with Apple and its stock price. With its earnings call looming this evening, the stock price has dropped quickly. Can Apple keep its momentum, how many more iPhones can they sell, and what is next in the pipeline? We should get some of those answers soon enough. But unlike the internet bubble, Apple manufactures actual products, sells digital content and has a world to conquer. One quarter may be slow...
But, the future for Apple remains bright. I believe in the market predictors that see Apple's price rising to $800 or higher. It is not just one product but the whole package they offer that causes customers to start with one Apple product and end up buying more. Happy with your iPhone, buy an iPad. Love your iPad, buy a Mac to replace your PC. Love your Mac, buy an Apple TV. And with multiple devices in the home, let the iCloud and purchases from your iTunes account bring content to each device.
So bring on the financials. At the end of the year when the next gen iPhone and other products are announced, Apple will once again be the technical and media darling of Wall Street.
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Post announcement - Another record quarter and Apple again delivers. Looks like after close market has stock bouncing back.
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