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Invest in Apple at $93?

  • 07-06-2014 10:12AM
    #1
    Evergreen
    Registered Users, Registered Users 2 Posts: 254 ✭✭


    Now that the split has gone through and Apple stock going to open on Monday at under $100 (approx $93 after Friday's close). Will anybody be buying the now more "affordable" stock?


Comments

  • #2
    hullaballoo
    Administrators, Entertainment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 18,783 Admin ✭✭✭✭✭hullaballoo


    No.

    It's difficult to see where any future innovation is going to come from and that's the primary asset for any tech firm.


    Apple have hit an innovation wall in the past few years, even before Jobs' death. Other tech businesses have eaten into their market share hugely and will continue to so I cannot see where the value is.


  • #3
    Evergreen
    Registered Users, Registered Users 2 Posts: 254 ✭✭Evergreen


    hullaballoo wrote: »
    Apple have hit an innovation wall in the past few years, even before Jobs' death. Other tech businesses have eaten into their market share hugely and will continue to so I cannot see where the value is.

    I guess the value is in the $90 billion Apple are planning to use buying back stocks and the $130 billion in dividends that they are planning to return to stock owners.

    Even with a pre-split price in the region of to $625-650 per share, Apple stock has still managed to be some of the most traded stock on the market. Reducing the price to under $100 is surely going to make it more attractive to retail investors


  • #4
    Voltex
    Registered Users, Registered Users 2 Posts: 1,584 ✭✭✭Voltex


    hullaballoo wrote: »
    No.

    It's difficult to see where any future innovation is going to come from and that's the primary asset for any tech firm.


    Apple have hit an innovation wall in the past few years, even before Jobs' death. Other tech businesses have eaten into their market share hugely and will continue to so I cannot see where the value is.
    Sometimes there is nothing wrong becoming the quick responder rather than first mover (i.e. wearable tech).


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