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Apple Still Looking Rosy

“Apple Is A Bubble Waiting To Burst”

Quote by: David Jane (Head of TM Darwin Multi Asset Fund)
Quote made on: 03/05/2012
Quote Submitted by: Stephen Irving
Source: FE Trustnet News and Research

Editor's Notes

On 3 May 2012, David Jane (former Head of Equity at M&G) stated that demand for this technology giant`s products was driven by peer pressure and will dry up as soon as the next “must-have” gadget comes along. It was impossible for the company to meet expectations much longer, as market obsession was inflating the share price to an unsustainable level. “As sure as night follows day, these fashions will come and go.”

The share price of Apple Inc on 3 May 2012 was 583.72.  Its share price almost three months on is 603.83 – up almost 3.5%.

So far, so wrong.

 

25 Aug 2012 (Update)   Almost four months on and Mr Jane`s prediction doesn`t yet appear to be bearing fruit.  Since giving Apple Inc the last rites, its share price has contrived to put on 13.62%, having risen by close of play yesterday to 663.22.  We`ll now have to wait and see what effect yesterday`s court win against Samsung will have.

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Published on: August 25, 2012

Category – UK Financial Predictions and Gaffes
Tags – , , ,

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