Apple’s (APPL) Growth Is Done… For Now.
Remember the time having a Dell (NasdaqGS: DELL) was cool? I have come to the conclusion that Dell was destroyed singularly by the “Dude, you’re getting a Dell!” guy. Actually, I have concluded that the company was destroyed by the guy you fired the “Dude you’re getting a Dell!” guy. The company fired the “guy” Ben Curtis over getting caught buying some pot. Personally, I think that would have been great for Dell. The sales by parents were bound to drop anyway… it would have at least raised sales with the college crowd.
Apple (NASDAQ:AAPL) has a much better image than Dell could have ever hoped for. The company though, has yet to prove it can remain completely viable during this recession. Yes, it will sell more Ipods than other Mp3 players, for all of the foreseeable future. However, AAPL is a growth stock, without growth it will eventually drop.
The stock has stayed relatively healthy even in the midst of Steve Job’s health crisis. Alright… so, it is down a $100/share since its high in the summer. The stock is destined to continue to drop as computer sales are down. Apple has a hold on trendy market, but I doubt parents are going to be dishing out $3,000 for an Apple when they could get a Dell for $1,000 less. I am not saying buy DELL because you can get a comparable ACER for about $800. No, the computers would not be tied in a speed test, or any other type of test… what matters, here is purely the dollar figure.
Let Apple shares bottom out, before buying. If you have shares, strongly think about selling. Apple needs to do something drastic. Put a SIRIUS (Nasdaq : SIRI) tuner in Ipods and collect 25-30% of the monthly revenue.
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