Is the iWatch the Answer for Apple?
Apple Inc. (AAPL) has become a boring stock, how did it turn into another Microsoft Corp. (MSFT)? These are the lines we keep hearing and reading from the media, all it takes is a new product to put faith back into the world's richest company.
Enter the iWatch.
The internets is on fire about the potential wrist watch from Apple. The buzz is it's the modern day Dick Tracy 2-Way Wrist Radio watch. Let's hope it can do a little more than that, like play a MP3 or maybe stream video?
Apple needs something, its stock is down 12% this year while the Dow Jones has gained 7%. Worse yet Apple shares have been cut in half since their Sept 2012 52-week high. Apple now trades at $467 and it's not good enough for Mr. Einhorn from Greenlight Capital.
A new Apple must-have-product could change the game and get everyone off the company's back about thier massive $137 billion cash pile.
The solution to appease uneasy Apple shareholders could be the iWatch or whatever the name might be. Word from Bloomberg.com is the company has about 100 product designers working on a wristwatch-like device that may perform some of the computing tasks now handled by the iPhone and iPad, two people familiar with the company’s plans said.
Bottom line: If all this iWatch hype is real Apple shares could finally get back to making new 12 month highs every week vs. the opposite. Let's hope for Apple Inc. shareholders a new watch like device is in the works. Apple shares won't get to $1,000 by 2015 unless there is growth. No growth means no big moves for AAPL.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- 70% DOWN | iBankCoin.com
- US Economy Sees Substantial Increase After Weak QI, Though Still Below Average | Financial Sense
- The Secret Of All Art (cc Louis CK, Kurt Vonnegut, JK Rowling, Casey Neistat, etc) | Altucher Confidential
- Fed Finally Figures Out Soaring Student Debt Is Reason For Exploding College Costs | ZeroHedge
- Why Did Greece Get 'Bitch-Slapped', While Ukraine Got Some 'Good-Loving' From Europe? | ZeroHedge
- "Seasonally Data Dependent": Adjusted New Orders Highest In 2015; Unadjusted Lowest Since 2013 | ZeroHedge
- Why The Commodity Carnage Matters (In 1 Simple Chart) | ZeroHedge
The most relevant financial news and articles from the Internets
- This fisherman caught a massive 400-pound fish while straddling a... | Business Insider
- Amy Schumer just made an emotional statement about standing up for what you... | Business Insider
- Mexico only has one store where you can legally buy a gun | Business Insider
- A center in Japan simulates earthquakes — and it... | Business Insider
- Adriatic oil, gas exploration raises concerns for... | Business Insider
- German automakers reportedly agree to $3 billion deal to buy... | Business Insider
- Amazing color photos of the Hindenburg Zeppelin show what luxury... | Business Insider