Did you read the article? Apparently not:
"There are more than 40 analysts covering Apple. Most of those still working (heh) are bullish and have price targets well above todayâs stock price, though a viewer of CNBC would never know it because the networkâs version of 'balance' is to give equal time to Apple bulls and Apple bears. That's not balanced reporting. If CNBC covered manâs landing on the moon, they would no doubt find someone who claimed a hoax for 'equal time.'"Where are these "worried" anal-cysts except for a very small minority of bloggers who are basically in the pay of the competition spewing astroturfed talking points? The analysts are all predicting larger prices for AAPL not lower and the drop is irrational, based on know-nothing anal-cysts who are using single point-source data which is not backed by other data.
“There are more than 40 analysts covering Apple. Most of those still working (heh) are bullish and have price targets well above todayââ¬â¢s stock price,”
lol..if you don’t understand what a contra-indicator that is then you are truly a fool!
How many of those “analysts” work for houses that are market makers for Apple?
Problem with your ‘preferred’ set of analysts is that, they don’t want to acknowledge the simple fact that, Apple got to where it is now on the back of the iPHone, and that’s what I’ve been saying, and I’ll say it again. Apple is mostly dependent on the strength of the iPhone, which, sooner or later will be relegated to just being another good smartphone and not the premier phone that it’s been thought to be for the last 8 or so years. Once that happens, it won’t matter what YOUR set of analysts want people to think; the market will dictate the value of Apple on the lack of strength of the iPhone.
Basically, Apple is the “iPhone Company”, and might as well change their name again to ‘iOS Inc.”.
BTW, have you noticed how Apple’s market cap is now ‘just’ around $587 billion? Yeah, that’s huge, but, it’s still a lot less than what YOUR analysts were predicting when they were lauding Apple as the first trillion dollar company (in reality, the first trillion dollar company was Microsoft).
In addition, have you notices how that other ‘one trick pony’, Google, has been moving in on Apple’s market cap number? Google is now around $522 billion in market cap. Let’s see, do you think that YOUR analysts will be pronouncing Google as the next trillion dollar company?