Why AAPL is Still a Buy
by , 12:45 PM EDT, September 9th, 2008
The Gartner report on smartphones released recently drew the wrong conclusions about the industry, especially Apple, according to Jason Schawrz at Seeking Alpha on Tuesday. He provided six reasons why AAPL is still a Buy.
First, he pointed out that the iPhone 3G wasn't even available in Q2. Moreover, Apple's competitors are seeing their growth rates reduced, but they'd rather blame it on something other than the iPhone or their own bad performance.
Two articles were pointed to as the consensus description of the state of Apple: Jim Goldman's analysis at CNBC which said that AAPL is suffering from the fatigue of too much hype. The second was written by Jim Cramer who said that Apple is in a bear market and will be for some time.
Mr. Schwarz offered an alternative view and maintained that this is the time to buy:
In short, Mr. Schwarz advised to be a buyer, not a seller.
In morning trading, APPL was trading at US$156.90, down $1.02.