Apple outlook lowered on fear it cannot ‘innovate’ and ‘disrupt’ at pace set by Steve Jobs

[sincity]

Apple (AAPL) is expected to sit atop the consumer electronics industry for quite some time to come, but the company’s stock continues to take a beating as growth inevitably slows and margins are squeezed. The latest ding to Apple shares came as Needam & Co. analyst Charlie Wolf lowered his price target from $750 to $710, citing a slowdown in iPhone sales growth and a crunch on iPad margins in the coming 12 months. In explaining the logic behind his cut, Wolf writes that “the value of the iPad fell $11.83 or 10.8% to $98.11 chiefly because of the introduction of the iPad mini, which has a much lower gross margin that the full-sized iPad.” Where smartphones are concerned, Wolf

 

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[EnderWiggin]

That's one opinion. There are countless others. I regret not selling at $704. At the time I had no reason to think it would bust down to $430. Nevertheless, I'm holding. Data from suppliers are hinting at new product(s). Plus, emerging markets like cheaper iPhones. There are markets for both high-end, entry level and older iPhones.