Originally Posted by tdenson:
“Well I will be holding on to my stock, on the basis that their profit will continue to rise. Time will tell, but I heard all this in 2007 when the IPhone 1 came out (rubbish phone, no 3G etc.) and I was foolish enough to invest in Apple stock because I thought they had something. Unfortunately my shareholding has only risen 5 fold.”
well im jolly pleased for you
i cant really see their profits rising much more unless they start screwing even more money out of their workers (interesting articles in the US about 'how many people died to make your iPod' !). The lve affair between the press and Apple is starting to cool.
The fact is their market share is dropping. It will probably drop further. They look to be trying to keep up with other brands by preventing other brands from existing.
If you genuinely think they can continue to increase profits year on year then keep your stock and good luck to you. :sleep:
Like everything though... stocks can rise and stocks can fall. Im not saying they will go out of business. They managed to weather the storm of the Apple/Microsoft battles. I just cant see them being as dominant in 5 years as they have been over the last 5 ....