Probably. I am not a registered investment advisor, but my inclination is that Apple has temporarily lost some of it’s luster. Tribes follow personalities, not names. Jobs has this unique aura around him that causes people to believe that he is one of the smartest guys in the planet.
He might be. Then again, I think he creates a culture where folks can come up with really cool ideas collaborating together. Add in his ability to speak to the masses in a way that they hang on his every word, and you have a tribe. As it turns out, it is a really profitable tribe. Microsoft hasn’t replaced Bill Gates yet. They continue to move forward due to their market penetration in the desktop and server spaces. Yet, cost suddenly enters into the picture, while being cool and simple goes by the wayside.
To speak to the title, I am going to give it about 6 months. APPL may not be at the bottom of the trough, but it will be moving in the right direction.
Thanks for coming in today.