Anyone want to be an analyst?
Doesn't seem to take much:
http://www.forbes.com/sites/afonteve...-apple-to-800/
Quote:
Solid iPhone 5 Sales In December Will Take Apple To $800 - 12/03/2012
While the stock hasn’t performed all that well over the past few months, sales of Apple’s marquee product, the iPhone 5, have surged according to recent channel checks. Canaccord Genuity now estimates Apple will sell 47.5 million iPhones in December and that the stock will hit $800.
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Apple sold 47.8 million iPhones. Their stock ... didn't hit $800. Current price $514.
The same analysts rated it a buy:
Quote:
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APPLE (AAPL : NASDAQ | BUY): We believe Apple is well positioned for very strong F2013/14 sales and earnings growth driven by new product introductions, including the recently launched iPhone 5, iPad Mini, recently refreshed iPad, MacBook, and iMac lineup.
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Two days after their 'buy' recommendation:
http://www.telegraph.co.uk/finance/n...ech-giant.html
Quote:
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The maker of the iPhone and iPad saw its shares fall 6.4pc to $538.79, the biggest one-day drop since December 17, 2008, with America’s biggest company losing almost $35bn off its market value. It is now worth just under $507bn.
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Question: Why does anyone pay attention to what these people say?