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RSS FeedsMore investors jump on the overcrowded `Apple is doomed` bandwagon
(iMore iPhone)

 
 

24 january 2020 16:05:11

 
More investors jump on the overcrowded `Apple is doomed` bandwagon
(iMore iPhone)
 


`Think about Apple as a blue-chip of yesterday, as opposed to a blue-chip of tomorrow-the worst kind of investment because all the good news is priced into the stock, while the bad news is not.` What you need to know Despite consistent, record-breaking gains in 2020, some investors remain unconvinced by AAPL. One investor pegged Apple when asked to name a widely held company that worried her. Elsewhere, Rosenblatt Securities warned that the market was `too enthusiastic` about the upcoming 5G cycle and that the iPhone SE 2 would cannibalize sales of iPhone 7 and 8. Despite Apple`s record-breaking 2019, and its continued growth in 2020, some investors remain unconvinced by the prospect of AAPL. In two separate reports today, January 24, two investors warned of Apple`s upcoming struggles, and possibly its impending doom. First, Rosenblatt Securities` Jun Zhang actually raised his AAPL target price by $100, to $250... Until now, Zhang`s AAPL target price was only $150 a share, les...


 
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