VIDEO: CNBC Discusses Apple’s “Untouchable” Stock
Last week CNBC had a panel discussing stocks and how they were performing in the recession. The video clip above is from their discussion on Apple, which seems to be invincible right now as it has grown 40% so far this year. While they may have a hard time understanding what makes it “untouchable” I think we all know the potential weaknesses in the stock price.
Right now, health issues with Steve Jobs could easily play Kryptonite to the stock. Disappointment over the next version of the iPhone could also be a factor, and if the most amazing thing in the world isn’t announced at WWDC (and probably even if it is) the stock will take at least a temporary plunge.
All that aside, though, if you’re looking for a stock that seems to have some ironclad protection in these tough economic times, Apple might be the way to go. If any of the things I mentioned above DO happen – they’ll only be temporary setbacks.
Comments
slappy
April 13th, 2009 at 5:31 pm
Nice, but I wish Mac centric sites would stop using Flash for video. Most of us have iPhones and its really annoying not having Flash to watch these articles.
Constable Odo
April 13th, 2009 at 6:29 pm
I’m sure the media will continue to make up stories about Steve’s failing health or whatever, but it is possible he comes back in June looking healthy and has gained weight and that could really give the stock price a boost. There will not be disappointment by the masses over the next iPhone. Only some tech geeks are going to find fault with it on account of it not having a keyboard or background processing. If it has a better graphics chip, more memory and a better camera, that will be more than enough to keep people upgrading and switching.
Neil Anderson
April 13th, 2009 at 11:22 pm
Imagine what Apple will do when the economy turns around.
FitzgeraldLasVegas
April 14th, 2009 at 10:38 am
I agree, is time to buy!