Apple after years of hyper growth that made it the worldâ€™s most valuable company, is starting to look more like a value stock, according to some analysts reacting to the iPhone makerâ€™s financial results.
At least 20 analysts lowered their price targets after Apple on Jan. 23 reported its slowest growth rates in years and said the trend will continue. The stock fell 12 percent yesterday, and has dropped more than 35 percent since September.
Apple had defied Wall Street projections for years, ignited by the popularity of the iPod, iPhone and iPad tablet. Now, the company is entering a phase where it may more closely resemble a value stock, said Abhey Lamba, an analyst at Mizuho Securities USA -- looking more like AT&T Inc. and International Business Machines Corp. in offering investors slower sales growth, predictable earnings and a steady dividend.
- 1Margin Call And Stop Out level Difference | Top Forex Brokers
- 1MetaTrader 4 And MetaTrader 5 Major Difference | Top Forex Brokers
- 1U.S. Said to Warn Money Managers of More Russia Sanctions
- 1Dollar Heads for Weekly Gain as Data Support Pace of Fed Taper
- 1Swipe these credit card deals while they last
- 1Compensation battle rages four years after BP's U.S. oil spill
- 3Difference Of Market Execution And Instant execution In MT4 | Top Forex Brokers
- 4â€˜I Think Iâ€™m Going to Die,â€™ Student on Korean Ferry Phoned
- 4Ukraine Crisis Deepens as Putin Invokes 'Right' to Invade
- 4U.S. Stocks Decline as Google, IBM Sales Disappoint
Become Our Fan
apple asia stocks asian stocks australian dollar bernanke boj china dollar ecb economy economy news eur eur/usd euro euro zone europe stocks european central bank european stocks eurozone eurusd facebook fed federal reserve forex forex news forex trading fx gbp/usd gold greece imf japan nfp obama oil pound spain stock stocks swiss franc u.s dollar u.s. dollar u.s. economy u.s. stock u.s. stock futures u.s. stocks us dollar usd wall street yen