randyv13

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    • Fri Jul 18th 13:47 PM | Rating: 0 0
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      Apple Feels 'Max Pain'
      I'm really not sure where the criticism of Apple management comes from. Over the last few years they've introduced or updated several products that have sold through the roof; they've tripled their share of the PC market; increased PC sales at twice the rate of the rest of the industry; crushed earnings and profit estimates every quarter; used their caché to strong-arm component manufacturers into giving them incredible pricing to drive up their margins; and with their very first cell phone they instantly became the player to beat in that industry as well. They clearly haven't been resting on the iPod laurels that all the critics assumed they would as they predicted that Apple would basically go out of business when the music player market inevitably reached saturation; they did exactly what those of us who bought the stock early knew they would do - they created the next "insanely great" product.

      Clearly, as a few here have hinted, this particular stock, being so prominently in the public eye, can be and is manipulated by a few unscrupulous "expert analysts." Apple's stock price, since it's traded by so many people with less trading experience, whips around like a coked up ferret every time one of these so-called experts says that Steve Jobs looks like he's dying or there are a million unsold iPhones in a warehouse in Sheboygan.

      Zach's article is brilliant! He's hit it on the head. As in the oil industry, the big traders, mostly of the option variety, do everything in their power to manipulate stock prices from the intside while the rest of us are just along for the ride. A great company with sound fundamentals, an unprecedented history of innovation and product success should not be getting hammered like Apple has been, especially in the midst of one of the most successful product rollouts in history.

      I do agree however, that Apple should have done a huge stock buy back when the price tanked at the beginning of the year.
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