Cruxellaneous

One simple reason Apple shares could soar from here

cruxellaneous-3
From TechInsidr:
 
Since the release of the iPhone 5, it has been a roller coaster ride for Apple ($AAPL) shareholders. When the excitement about the iPhone hit full force, the stock reached its all-time high of $705.

 
Sell-side analysts, a group that was universally bullish, maintained that Apple was a major buy and continued to raise their lofty price targets. Topeka Capital's analyst Brian White went so far as to set a whopping price target of $1,111 on Apple shares.
 
Despite the universally bullish sentiment toward Apple from the sell-side analyst community, expectations took a big hit when the company announced a weak earnings report on January 24.
 
Apple's disappointing earnings report and subpar iPhone 5 sales have weighed on the company in recent weeks, as shares have continued to slide. Shares of Apple are down 27.17% in the last 3 months and down 12.49% in the last 5 trading sessions.
 
So what could possibly turn the tide for Apple? What's the solution? 

 
Surprisingly, the solution does not involve developing an entirely new product line or creating a new market...
 
 
More on the tech sector:
 
 
 
Post your comment...