Thursday, April 24, 2014

Buy Apple (APPL)

Bought Apple (AAPL) at $566 pre-split.
+ Quarterly earnings well ahead of expectations.
+ Analysts have been bearish over last 2 years setting up a buying opportunity.
+ iPhone 6 should see it's debut this fall which should drive strong expectations.
- Android continues to take market share surpassing Apple in US tablet sales.
- Chromebooks continue to erode premium price laptop business.
- No major new products since death of Steve Job.

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