What’s Hampering Apple? Analysts Dig In
After seeing shares of Apple (NASDAQ:AAPL) dip below $400 on Monday after analysts at Jefferies lowered their price target due to supply chain checks, other analysts have weighed in with their opinions of what the iPhone maker needs to do to get back on track.
Trip Chowdhry at Global Equities believes that a large part of the problem comes with retaining employees, according to CNBC. “The stock price cannot be turned around if Apple can’t attract people,” Chowdhry said. “The employees should come ahead of shareholders. Apple needs to treat their employees like gods.”
Chowdhry said that there were a growing number of employees who looked at Apple’s stock price and decided to ditch the sinking ship. They were moving on to greener pastures such as Google (NASDAQ:GOOG), LinkedIn (NYSE:LNKD), Facebook (NASDAQ:FB), and Hewlett-Packard (NYSE:HPQ).