Apple Stock Price Drops As Next Generation Looks For Smarter Phones Like Samsung Galaxy

Share with your friends

Apple StockIs the Apple iPhone becoming obsolete?
Gene Munster at The Wall Street Journal seems to think so.
Apple stock has dropped and many are saying that the youth of the world are looking for more technically interesting devices like Samsung Galaxy. This includes the Wall Street Journal so were not not crazy after all.

Over the last several months the evidence that Samsung Galaxy S Phones are over taking iPhone sales has been mounting. The fact that Android sales are exploding around the World shows users are not tied to Apple. It would seem the the hardcore Apple buyers are dwindling as the core followers get older.

The youth of the World are looking at life with eye's wide open and they see that there is much more than Apple when it comes to smartphones. Samsung has certainly shown it's out shinning Apple but the stock market still stands behind Apple in a bull market. We don't see this changing anytime soon even though its clear Android Phones are outperforming iPhone with full functionality.

Historical indicators suggest Apple stock prices will lose 50 to 80 percent of its value from a high of $705, Heritage Capital President Paul Schatz said Monday.

Every bull market, he said, has a stock that can do no wrong, and Apple took that honor following the financial crisis.

On "Fast Money," he said that Apple stock would punish investors who bought in after its march toward a high of $705, putting the stock back around the $300 to $400 level.

"It's a wonderful company, fantastic products," he said, while making his bear case.

"Bear markets are very unkind," he said. "They punish the people that came in late."

Schatz said he did not hold any positions in Apple.

We would agree with Shatz that if you are a player in the market that now is a time to consider Apple Stock as you can get in low.

Paul Shatz Comments on CNBC
WSJ Apple Report

 

About

Fascinated by Android and Droid Phones

x