Is the iWatch the Answer for Apple?
Apple Inc. (AAPL) has become a boring stock, how did it turn into another Microsoft Corp. (MSFT)? These are the lines we keep hearing and reading from the media, all it takes is a new product to put faith back into the world's richest company.
Enter the iWatch.
The internets is on fire about the potential wrist watch from Apple. The buzz is it's the modern day Dick Tracy 2-Way Wrist Radio watch. Let's hope it can do a little more than that, like play a MP3 or maybe stream video?
Apple needs something, its stock is down 12% this year while the Dow Jones has gained 7%. Worse yet Apple shares have been cut in half since their Sept 2012 52-week high. Apple now trades at $467 and it's not good enough for Mr. Einhorn from Greenlight Capital.
A new Apple must-have-product could change the game and get everyone off the company's back about thier massive $137 billion cash pile.
The solution to appease uneasy Apple shareholders could be the iWatch or whatever the name might be. Word from Bloomberg.com is the company has about 100 product designers working on a wristwatch-like device that may perform some of the computing tasks now handled by the iPhone and iPad, two people familiar with the company’s plans said.
Bottom line: If all this iWatch hype is real Apple shares could finally get back to making new 12 month highs every week vs. the opposite. Let's hope for Apple Inc. shareholders a new watch like device is in the works. Apple shares won't get to $1,000 by 2015 unless there is growth. No growth means no big moves for AAPL.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- The VIX FOMC Setup (Video) | ZeroHedge
- A Look At This Week's "Other" Big Event: What To Expect From Mario Draghi On Thursday | ZeroHedge
- The Dramatic Impact Of Surging Rates On Housing And Refis In One Chart | ZeroHedge
- A 'Disintegrative Winter': The Debt And Anti-Status Quo Super-Cycle Has Turned | ZeroHedge
- Make No Mistake: Russia Remains The Only Target Country Of NATO's Nuclear Weapons | ZeroHedge
- Mallaby knives Greenspan following gold comments | ZeroHedge
- Mark Carney Defends The Bank of England: "We Are Not Robbing The Poor To Pay The Rich" | ZeroHedge
The most relevant financial news and articles from the Internets
- 24-year-old Latvian rookie had a fantastic reaction after becoming the... | Business Insider
- Google says coding school graduates 'not quite... | Business Insider
- JAMIE DIMON: 'I want to do my share to help America get better... | Business Insider
- FAI: An investment advisor featured in 'The Big Short' has lost his SEC... | Business Insider
- Aleppo residents are returning to their recaptured neighborhoods... | Business Insider
- Analyst cuts Apple price target on 'uninspiring' iPhone 7... | Business Insider
- Sunday's 'The Walking Dead' was a giant homage to the... | Business Insider