One headline I saw today encompassed all my feelings about Apple. "Apple highest value in world since Microsoft during tech bubble". Yes that was the time when the DOW would reach 20,000 soon and everyone could make money. The writing is on the wall and I have tried to document it here.
How much more will it take for people to realize that Apple is over priced, just like Facebook was? My biggest concern I guess is when they do, Apple will pull the market down 20% to die with it. I do not mean that Apple is worthless of course, I think it was a good buy at about $300. But I think since then its gone a bit wild and money is pouring into it as its the only tech stock that keeps producing profits that exceed the market expectations. The logic is hard to fault, but I think they have lost momentum and the price is just too high.
- Samsung outsells Apple every day
- Android sells double the number of phones than Apple and has grown market share every year
- Apple share of world market for smartphones at only 18% and not increasing for two years
- Steve Jobs Died
- China (the largest smartphone market in the world) will not buy Apple as its overpriced
How much more will it take for people to realize that Apple is over priced, just like Facebook was? My biggest concern I guess is when they do, Apple will pull the market down 20% to die with it. I do not mean that Apple is worthless of course, I think it was a good buy at about $300. But I think since then its gone a bit wild and money is pouring into it as its the only tech stock that keeps producing profits that exceed the market expectations. The logic is hard to fault, but I think they have lost momentum and the price is just too high.
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