There is NO way $aapl will trade at $400 tomorrow.
Apple is barely hanging on. I mean $RIMM playbook, China knockoffs, Droid, $MSFT and $NOK teaming up….need I drone on. For sure the Gateway and Egghead stores will cut into their margins. The self ‘unhelp’ desk at Best Buy is a winner.
There is no way Apple can survive and grow with $78 billion in Cash. That’s barely enough to buy Goldman Sachs which just prints money or gets handed it by the government.
The iPad is awesome but it’s going to kill Mac sales. The ‘Macbook Air’ is spectacular, but if I have an iPad and an iPhone why would I buy one?
iTunes? ya right… I can just pirate the shit or get a Spotify account.
Steve Jobs died in 2010. That’s not him anymore on stage…have you not seen ‘Weekend at Bernie’s?’
Disclosure – Long Apple just in case