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- May 18, 1997
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I named the title of the article what Steve should name all his anti-Apple stories. USA Today, which is the leader in technical journalism in the World, tells us today that, "Apple 'isn't reinventing the world' anymore." They are screwed for sure now!
But many investors may only be starting to appreciate how a maturing product can put a stock in neutral. Shares of Apple are down roughly 16% from the highs notched this year as investors confidence was soaring. "We remain cautious on Apple for the rest of the yer as we think the company has tough compares for iPhones, which could make it tough for the stock to work," says Abhey Lamba, analyst with Mizuho, who has a $125 price target on the stock.
But many investors may only be starting to appreciate how a maturing product can put a stock in neutral. Shares of Apple are down roughly 16% from the highs notched this year as investors confidence was soaring. "We remain cautious on Apple for the rest of the yer as we think the company has tough compares for iPhones, which could make it tough for the stock to work," says Abhey Lamba, analyst with Mizuho, who has a $125 price target on the stock.