It's not going to happen, but I can't help wondering...what if Apple got jinxed on its way to a trillion-dollar market cap?
That's the topic of my recent Crush The Street article, entitled "Could the Markets Jinx Apple and Its Trillion-dollar Run?"
Realistically, I believe Apple will hit the trillion-dollar mark, but then quickly roll over. I just don't see how the sentiment isn't already deeply priced-in.
I mean, look what happened after Steve Jobs died...Apple is playing maintenance with the technologies and innovations that he left behind, but that's it.
The iPad isn't exactly a standout winner, having peaked in 2014. And while the Apple Watch has enjoyed recent success, the vast majority of revenues come from the iPhone, which is experiencing sharp market saturation.
I don't think Apple has too much to worry about. They've never really paid attention to competitors, and for good reason - they have a strong, unique product in the iPhone that carries a lot of sentimental attachments to people round the World. It will keel selling no matter the price.
I think the Trillion card is possible but will still take a while to get there
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Just friendly FYI...based on today's close, we're probably around 5% to 6% to the one trillion market cap, so if it's going to happen, it will probably be very soon.
That said, the Apple investment at this point is a battle between believing in its power to innovate sans Jobs, versus the reality that its iPhone revenue growth has sharply stagnated in recent years.
As for my opinion, I just think there's better opportunities out there, but we'll see...I don't have any skin in the game.
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Apple bubble? I think that yes!
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