Apple Shares To Exceed $1,000 Prediction Is Proved Wrong
Person[s] who predicted Apple shares would break $1,000 missed the boat on gesture control:
Apparently this future trend prediction:
When we first forecast the stock at $1000, on December 25th,2011, the stock stood at $410, and now just 59 days later it’s gained 25% at $545, with mainstream analysts like UBS, betting it at $710 by the end of this year on iPhone strength.
That’s all before the new products roll out including game-changing Apple TV. Apple TV in its current form is already sold out at 98% of Apple Stores.
It sounds crazy that a stock could reach $1000.
In view of Apple’s consumer-unfriendly lawsuit against Samsung, the prediction that Apple stock value would exceed $1000.00 – voiced several times! – was over-optimistic. Apple has lost its cool factor with its courtroom win against Samsung.
Although Apple stock indeed peaked higher than its close the date of the linked-to article, above, of March 9th, 2012, of $545.17, when it soared to $702.10 September 19th, 2012, the August 24th, 2012 US Verdict against Samsung set the stage for Apple’s decline. Apple was awarded over $1 billion in damages from Samsung for violating patents on trade dressing. This undermined Apple’s appeal with the general public.
Stock prices may be the ultimate expression of the public’s favor of a company. The public’s disgust for Apple’s lawsuit manifests itself in the decline in Apple stock prices from the September peak until now. Today’s close of Apple stock is: $449.98.
There are two lessons:
- Choose your battles re litigation. You can win the battle, but lose the war, meaning, you can win a lawsuit, but anger the consumer.
2nd, keep on guard against “experts” who dole out market advice.
The author who appointed himself Apple expert, or person-in-the-know, in the article linked, above, would have done better to appreciate the progress of ALL the television and electronics companies: Sony, Intel, Microsoft, Google, Leap Motion, LG, and Panasonic, in the area of gesture control and voice control as a replacement for simple touch control, touched on at EmergingDomains website, ResponsiveTV.com.
Ref: Apple Inc. v. Samsung Electronics Co., Ltd. – Wikipedia article
NASDAQ: AAPL – $1000 Apple Inc Stock Forecast: What The Analysts Miss – Fragor Factor blog