“The heart of Apple Inc. (NASDAQ:AAPL) is its power to design products that everyone wants to have, including its competitors, said Bruce “Tog” Tognazzini, a human-computer interaction specialist at Nielsen Norman Group, who was also one of Steve Jobs early hires. This is why its competitors have continually cloned the company’s products to compete, he said,” Cadie Thompson reports from CNBC.
“Apple will every so often come out with a breakthrough product and then everybody copies it and that’s where we are today and it seems like everything is coming to a halt, but it’s not coming to a halt,” Tognazzini said. “And I have no doubt about that whatsoever. They will come out with another product that will change everything. I don’t think they are falling behind.”
Wall Street investors seem to feel differently. The company’s stock price has been in a steady decline since its all-time intraday high of $705, which it hit last September of 2012.
But wait…according to the Financial Times, Apple Inc. (NASDAQ:AAPL) is looking to hire fresh eyes to help develop the iWatch. The author of the recent FT article, Tim Bradshaw weighs in with CNBC. Watch the interesting video on the report and whether investor sentiment will change in the months ahead?
Related ETF: Technology Select Sector SPDR (NYSEARCA:XLK)
|Top 10 Holdings (62.38% of Total Assets as of 6/12/2013)|