It’s not that investors are worried about sales, per se, their concern is more metaphysical? Trip Chowdry, an analyst at Global Equities Research, says the big question is: Has Apple lost its soul?
“One year after Steve Jobs’ passing, what has Apple accomplished? Nothing? What ground breaking product have they brought to the market? Nothing,” Chowdry says. Chowdry voices a belief that’s common among investors: The day Apple stops introducing “gee-whiz” products, it’s dead.
Viewed through that lens, the iPhone 5 and iPad mini were disappointments. There was also the failure of Apple Maps. And last month, software engineer Scott Forstall — one of Apple’s most prolific inventors — left the company.
“I think it’s too early to say Apple’s days are over,” says Anil Doradla, an analyst at William Blair. He says Apple still dominates the tablet market and consumers are still hot for iPhones. “All right, we go away from Apple to what?” Doradla asks.
His point is that until another company starts producing “ground breaking” products, he’s giving Apple more time to get back in the groove.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.