Apple Recap: The Apple Era, Expectations, and Bullish Analysts
While analysts are continuing to mull over Apple’s (NASDAQ:AAPL) product refresh cycle, how many iPhones the company will sell in the next quarter, and whether it has lost its innovative edge, the company is pushing forward into new territory, India to be specific. With analyst commentary turning slightly negative once more — Oppenheimer analyst Ittai Kidron lowered his price target for shares of Apple on Tuesday from $600 to $550 — shares ended the day down $2.50, or 0.54 percent, at $461.08. Here’s a cheat sheet to today’s top Apple stories:
Bob Herbold: The Apple Era Is Over, Probably
Former chief operating officer of Microsoft (NASDAQ:MSFT), Bob Herbold, said in an article Monday that he doesn’t believe Apple has the vision and leadership that it once had and the “Apple era may be on its way out.”
Herbold said that Steve Jobs had what it took to lead the company in the right direction. In fact, “lead” might have been one of Herbold’s most important words, as he said a company’s success depends on “visionary leadership that will lead to a continuing flow of leading edge products and services.” And, further gains for company’s shares depends on a belief that the leadership exists.
He noted three key ingredients to having a successful business: “a visionary leader, not an administrator;” “deep personal involvement;” and “the guts to lead.”… (Read more.)