Apple’s stock has been on a tear recently, and its all about expectations. The question is have investors taken this too far in recent weeks. It wasn’t that long ago that Apple had the market cornered on “cool tech” — but competitors like Google (GOOGL), Microsoft (MSFT) and even Amazon (AMZN) have taken some serious market share in product categories like mobile, tablets, and streaming devices.
“You just saw them do the Beats acquisition, and I think that was partly a recognition that itunes and their whole music offering had become kind of stale,” Yahoo Finance tech reporter Aaron Pressman says in the attached video. “Itunes radio wasn’t going anywhere, and there a lot of more cool products like Spotify and Beats.”
Watch the video below for more details: