Apple Inc.(NASDAQ:AAPL)’s
performance on the stock market may have been disappointing in December, but
people, who are still praying for a rebound, there is hope. There is nothing
justifying the tumbling down of Apple shares to as low as $518 except the fact
that the bears had taken control of the stock.
Google’s operating
system, Android has faced rising popularity. This has hurt Apple since
investors have been shying away. The so-called concerted bear attack seems to
be working. Piper Jaffray analyst, Gene Munster believes that it is temporary. He
thinks that the stock is heading towards $900. Well, the bears think otherwise.
Munster feels that
there has been no fundamental reason behind Apple’s latest decline. He feels
that there are a lot of rumors and that Street had too high expectations with
Apple that has caused disappointments.
Munster thinks that
Google’s dominance is not sustainable, even though Android has become more omnipresent
than Apple’s iOS. He has also mentioned that it is unlikely that Android will
continue to rise in the coming quarters. He strongly feels that one should
calculate in terms of a year, and not just the September quarter.
Munster could be
correct in saying that, since apart from Apple, Android OS has to rival with
RIM’s BB10 operating system and Microsoft’s Windows Phone. Also, Apple has an
advantage of an ecosystem to drive upcoming iPad and iPhone purchasers to
switch. Google does not have that.
People, who love Apple,
are likely to own more than one Apple device that are interrelated in some way
or the other. Android actually does not have any advantage other than the price
factor. The rumors surrounding the growth of Android rise, but Apple does not
seem to bother.
Google bulls are of the
opinion that Android OS is growing at a high pace and it constitutes a winning
de vice market share.
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