Apple's Stock Loses Mojo on iPhone Glitch Rumors, Leopard Operating System Delay
With Apple (AAPL) stock seemingly breaking down on definitive delays for their operating system and speculation that the iPhone could also be delayed, the guys are bringing in their sometimes-friend, sometimes-foe Herb Greenberg, senior columnist for MarketWatch and a frequent CNBC contributor.
Herb’s theory is that the company introduced the iPhone far too early as a way to get the stock juiced. But did they fool the public into thinking they’re the company they used to be? Tim notes that the company just has a much larger system than it used to, and a much more expensive delivery mechanism now in their retail channel and on the web. As for the iPod, it will go through peaks and troughs as Apple rolls out new products, but he doesn’t think there’s much more downside in the stock.
Tim’s the Lone Wolf on this one. Guy says while the company may not have lost its mojo, the stock certainly has. It’s just too rich right now. He sees it going down to $83.50. Jon sees downgrades in Apple’s future, which will certainly depress the stock price further. He thinks it goes down to $80.
Apple just isn’t the company it used to be, Herb says. Give them credit for all their success, but if they were still such so great, they would have foreseen these delays.
Apple has tremendous technology and products behind it, but it’s possible that all that upside has already been priced into the stock, Dylan says.
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