Since Apple’s earnings announcement, analysts’ reports read like obituaries. They have piled on hard and fast to drop estimates, slash price targets and call the death of Apple’s Innovation. Jim Cramer migrated Apple from the Growth category to the Value category of investing. In just two months, Apple has fallen from investor admiration to investor admonition. Does such swift and extreme shift create an opportunity to invest? Or is it a value trap?
Since Apple’s earnings announcement, analysts’ reports read like obituaries. They have piled on hard and fast to drop estimates, slash price targets and call the death of Apple’s Innovation. Jim Cramer migrated Apple from the Growth category to the Value category of investing. In just two months, Apple has fallen from investor admiration to investor admonition. Does such swift and extreme shift create an opportunity to invest? Or is it a value trap?