Print 38 comment(s) - last by mindless1.. on Sep 22 at 6:33 PM

New CEO Tim Cook (L) and former CEO Steve Jobs (R)
No Steve Jobs? No problem!

When Steve Jobs announced that he was resigning as CEO of Apple last month, many wondered how the market would respond to the news. With Tim Cook at the helm as the new CEO of Apple, investors need not worry -- in fact, Apple's stock is performing better than ever.

AAPL hit a high of $411.85 today and is now hovering around the $410 mark with just under an hour left before trading ends today. The stock is up 2.4 percent today while the overall market is down 1.28 percent. 

Apple Inc. now has a market cap of $380 billion compared to $355 billion for Exxon Mobile Corporation.

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RE: Sell Time
By Tony Swash on 9/19/2011 3:50:32 PM , Rating: 0
Replying To: I recommend selling now. It's unlikely that Apple will continue this momentum indefinitely. Better to get out now, wait for the fall and then buy back in.

Apple are doomed!

Seriously - is this is the same place where everyone were just saying that Apple stock would collapse with the resignation of Steve Jobs?

I'm keeping my shares for while longer, Apple are about to go through another big growth phase based on China.

RE: Sell Time
By Pirks on 9/19/2011 4:23:06 PM , Rating: 2
Apple are doomed!
Hey Tony, post your famous TAC blurb here, guys gonna like it, har har har *evil grin*

RE: Sell Time
By Mitch101 on 9/19/2011 9:11:49 PM , Rating: 2
I will admit I was one of those and I was wrong - Im quite surprised that the stock has remained resilient/rebounded despite Steve Jobs full resignation. The future product lineup to me appears weak with lots of competition coming from all angles and that may take a few quarters showing decline in profits to grab investors attention.

I dont know how the iPad will face falling prices of Android based tablets especially with Amazon coming with a very competitive priced device. I wont include Microsoft until I see what they have to offer. If a price war begins then I believe the iPad will decline sharply. Amazon might be the first to get it that you need to compete on price.

I certainly feel the iPhone has jumped the shark and that Android has surpassed it. I do feel the Windows Phone 7 is the best and most stable device on the market and that will be especially true with Windows Mango. Im not preaching cancer cures with Windows Phone 7 its been the most stable smartphone OS since launch. I see iPhone 5 generating some buzz but dont feel its enough to stop Android.

RE: Sell Time
By silverblue on 9/20/2011 2:41:10 AM , Rating: 2
Perhaps, however Apple has less products to promote and consequently more money to do so, so it's not as if Apple are going to go away. There will be far more promotion for the iPhone 5 than, say, the Galaxy S III next year, and despite its price, the iPad will still outsell cheaper products such as the rather interesting Archos G9 series due over the next month or so.

I'm not sure if Apple have hit a plateau just yet, but they can't keep growing forever, especially if Samsung et al get their teeth into them on more than one front.

RE: Sell Time
By Kiffberet on 9/20/2011 7:24:00 AM , Rating: 2
if only 0.5% of the 1.3 billion people in China buy an iphone/ipad, thats another 6.5 million sales.

Some might argue that growth is only about to start...

RE: Sell Time
By mindless1 on 9/21/2011 8:45:05 PM , Rating: 2
OR if China exports a decent clone or alternative iDevice that could cut sales by more.

One thing is for certain. The price of well featured, portable communication devices, tablets, etc, is going to drop and drop hard. That essentially cuts Apple's market to early adopters again unless they accept slashed profit margins.

Even now many iPhone owners are thinking to themselves "I like my toy but damn it's expensive to have a *phone* these days compared to what it used to cost.

For now, they marvel at being able to get on facebook. Months pass and they realize, facebook isn't going anywhere, they don't need facebook as much as facebook (and apple) needs them.

RE: Sell Time
By michael2k on 9/22/2011 12:05:17 PM , Rating: 2
What are you talking about? The cost to have an Android phone is the same as an iPhone, since data is data and voice is voice.

The up front cost may be higher, of course, but that's always been the case for Apple products for decades, and it hasn't hurt them at all.

If an iPhone owner is thinking to themselves it's expensive, so would Android and Windows Phone users, too.

RE: Sell Time
By mindless1 on 9/22/2011 6:29:58 PM , Rating: 2
Android and Windows 7 phone manufacturers won't be able to charge a premium for those in the future either.

The "cost to have"? You mean use. That's entirely up to the owner. You can't really make a reasonable comparison like that, it would be like suggesting that if a $100K car and $20K car get the same gas mileage, that they cost the same "to have".

"There is a single light of science, and to brighten it anywhere is to brighten it everywhere." -- Isaac Asimov

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