In 2017, Apple’s stock was one of the biggest gainers in the stock market. This happened after Warren Buffet bought shares worth $120 billion in the company. Everyone s confidence in the company was bolstered. However, according to Paul Mampilly, one of the renowned investors in the country, the gain Apple has been getting has been contributed by the perception that the company will continue producing innovative products like it once did. The bad news that many investors would not like to hear is that Apple is a company ion the decline. It cannot sustain its high prices anymore. In 2018, the prices will take a plunge according to Paul Mampilly. Why will prices fall? Paul Mampilly explains that this is a company that has lost its innovative touch.
It is no longer bringing the technologically advanced product like it used to do in the past. Steve Jobs introduced all its products. Since his death, no single product has been added. The company is still producing the same product that he introduced. Steve Jobs had introduced iPod in 2011. The idea of iPod was brilliant. To was bringing a new technology where people could have their music on mobile devices. Unlike in the past where people depended on discs to play music, iPod made it possible for people to access music right at their fingertips.In 2007, Steve Jobs introduced the iPhone. This was a mobile technology that would enable one to go online without needing a computer and also brought in the possibility of mobile phone communication. It was no longer necessary to use the landline phones.
Finally, in 2010, Steve introduced the iPad. This was a portable mini-computer. It brought all the functionalities of the computer closer to the user.In 2011, Steve Jobs died, and since then no other product has been introduced by the company. The company for the last seven years have been just redesigning the three products. There are numerous models of the iPhone. The last one is Iphone X which was released in the final days of 2017. IPhone X comes with an OLED screen that can recognise the face.Although some people find these features impressive, Apple co-founder Steve Wozniak is not. He says that he will keep his iPhone 8 which he adds has no significant differences with the previous versions iPhone 7 and 6.Paul Mampilly has experience in the stock markets for the last two and half decades. He is familiar with how the stock behaves and now he predicts that Apple will start to decline starting 2018.
— Paul Mampilly (@Paul_M_Guru) September 21, 2017