Is AAPL All Grown Up?

“Maturity is a high price to pay for growing up.”

— Tom Stoppard

1st apple computer sold

Short answer?  Yep…

AAPL missed quarterly expectations and has been summarily punished.

I suspect that’s not just because of a revenue shortfall in the eyes of Wall Street… but rather because AAPL has matured.  It’s no longer the hyper growth stock that everyone has known it to be.  It will take some longer than others to realize it… but they will.

AAPL is now a value stock.  Too big and too little innovation post Steve Jobs (may he rest in peace).  It will trade between value and premium… Think more INTC or MSFT volatility… and less GOOGL or FB.

For now, price has declined right into long term support, so it will be interesting to see how the stock acts here… just don’t expect it to return to it’s old ways of constantly creating new all time highs.

Quarterly

AAPL Q 28 April 2016

Monthly

AAPL M 28 April 2016

Weekly

AAPL W 28 April 2016

Daily — Doesn’t look like there’s much chance that price won’t crack this low…

AAPL D 28 April 2016

 What will nullify my contention that AAPL is now destined to act very much like other good, but enormous companies?  New products that become the “must have” gadgets.

The self-driving car…

Personal assistant robots…

PATVs (personal air travel vehicles — yes I made that up)…

At any rate, the company needs the next new new… and it doesn’t seem like it’s any where to be found…

Addendum:

Here’s a good article [Apple: The End of An Era] from Seeking Alpha that speaks to the fundamental problems being fleshed out in the price.

KIS,

The Trader