Apple (AAPL) had a party on Tuesday, and nobody came. It was supposed to be a big day. They rolled out their new premium 5S and cheapo 5C version. However the big news was supposed to be a deal with China Mobile (CHL) in Bejing to allow Apple access to China’s 700 million mobile users. We heard about the new phones, but nothing on the China Mobile deal, so the stock got hammered.
There was a lot of initial excitement over entry to China as the new $99 5C was supposed to be just what the acupuncturist ordered. What everyone seemed to ignore is that although China is ready, there is currently a compatibility issue with China’s unique 3G TD-SCMA networks. The issue is close to being worked out, and once its done, we’ll hear the good news.
The reality is that although Apple didn’t announce any new technological breakthroughs, sales will still grow modestly as it’s still considered the premier mobile platform. The good news for the legion of Apple followers is that the next generation of the Mac Book Pro and the iPad is due out in a few months, and with this week’s disappointment, they should deliver an upside earnings and profit surprise.
The biggest opportunity for the Apple boys will likely be the upcoming iWatch, expected for early next year, which will be on the low cost end. Interestingly, world renowned corporate raider and existing shareholder, Carl Icahn, recently bought more shares.
Now this is not an endorsement or a recommendation for Apple. Buying this stock is not for the faint of heart, and can bring headaches and sleepless nights just as much as it can joy. I always try to discuss here, on my radio show, or in my book, Facing Goliath – How to Triumph in the Dangerous Market Ahead, what might be on your mind and affecting your money.
The important thing for us all is to ensure your finances are properly aligned with your retirement goals and dreams, that your portfolio is getting the best returns with the least risk possible, that you have a retirement income stream for life properly set, that Social Security is taken at the proper time, and that elder care is part of the planning so most or all of your nest egg is not destroyed by catastrophic illness. If your adviser is just talking to you about your investments, you are missing the boat, and guess who pays the price? You do!
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