(04-27-2016, 09:19 AM)DividendGarden Wrote: Just playing devil's advocate here, people said the same thing about Nokia and Research In Motion (Blackberry) at one point. That's always in the back of my mind with tech companies. I have no specific opinion on Apple, I've just been watching for years and never pulled the trigger to initiate a position in it.
You are right, and therefore don't invest all you have in it! But isn't it the case with any other player in the market? In every sector there are examples of companies that became "irrelevant".
I do think Apple is leveraged for growth though, true the Iphone represents the real cash cow today and it's very hard to bring growth in a saturated and competitive market, but the future looks bright with TV, software, services, IoT, wearables, self driving cars and everything else we probably haven't even thought of.
Long Apple, but not all in Apple.
Btw I ended up not buying more today, even with the 6-7% drop the price is still 5% higher than my cost basis, so I'm still "green" (and low on capital, so I'm saving some dry powder).