The point is that investors look to the future, not the past. And Apple's prospects simply don't look as good as they did 12 months ago. The competition is a lot stronger and they have not shown that they can come up with significant new ideas in the post-Jobs era. As we see in these pages that doesn't rattle iFans unshakeable belief in THEIR company, but it is obvious investors think otherwise.
Time to get down to earth for Apple, they are following the path that Microsoft took. Good company, tremendously profitable, but their best days are behind them.
Yes, they are sitting on a truckload of cash. The operative word being 'sitting'. Why don't they do something useful with it? This is one of the differences between investors and others. Investors don't think it is a good sign that Apple can't find a good place to invest a good part of those giant cash reserves.
Last edited by HansTWN; 01-24-2013 at 05:51 PM.