They say
that when your average Joe on the street is giving you tips to buy shares, you
know it’s time to sell. Two people this week mentioned Apple shares to me and I
wonder if it’s a bit overpriced. But then again, they really are an innovative
company and there’s no real reason to think they won’t continue to grow. They
hit over $500 per share today which is huge when you consider the fact that
they were less than $100 back in 2009.
When Steve
Jobs dies, a lot of people predicted their demise but that hasn’t been the case
and they are still reporting very good earnings. That said, the likes of
Samsung are really giving them a run for their money in the smartphone market
and Apple will have to up their game with the next iPhone as the last update
wasn’t really much different.
So are they
a buy or sell? I’m too much of a chicken
to make that call and it’s just one I’ll watch with interest instead.
Apple share
price since 1985:
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