Graph says it all - stock price is seriously tanking. I am not so much of a fanboy that I will hold onto this forever.
Managed to get out a 'local maximum' but it's still hurt.
According to Valuecruncher, it's still overvalued. I'd say that might be the case but getting in once things settle down could mean some profit.
2. The Good - here's the reason why I would still invest. The Remote app has been updated to allow Genius playlists to be set remotely. I am using Genius a lot since iTunes 8 came out and having to go to my Mac to set it was starting to annoy me. I've become somewhat reliant on the remote app.
Why I like apple stuff is that this stuff just happens - most other companies who deliver media products seem to leave these gaps going on forever. Somehow AAPL seems to work out what's important (to me at least) and makes sure it gets delivered.
Ben blogged about how can Apple get away with being evil. My view on this is clear - it has built a reputation over the last decade of delivering on its promise. It is having some mis-steps of late but it does this more often than not. That's why people cut them slack. In my mind it's a great way of building your brand.
3 comments:
Miki
We would actually say AAPL at those levels looks undervalued...
http://www.valuecruncher.com/valuations/57040/edit
Cheers
Mark
Mark
The article on your link says $150 was a good buy but your current valuation says $103.18
http://www.valuecruncher.com/valuations/213825/edit
Which one does a non-Investment banker like myself use?
Miki
Apple Inc. today filed a Form 8-K with the Securities and Exchange Commission declaring that it was openly adopting Evil(tm) as a corporate policy.
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