Apple Inc. (NASDAQ:AAPL) beat estimates in reporting fiscal Q2 earnings this week, but guidance came in light, as CEO Tim Cook refused to be pinned down on when to expect new products from the Mac maker.
The stock continues to suffer from a lack of catalysts. No new iPhones, iPads, or Macs are in the works that we know of, nor is there news of anything truly groundbreaking. Like Oz, everything that has a chance of being magical is hidden behind a curtain somewhere, says Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova in the following interview with The Motley Fool’s Erin Miller.
Today’s investors also face the prospect of BlackBerry (NASDAQ:BBRY) and Nokia (NYSE:NOK) aggressively battling for a greater share of the mobile market, which puts pressure on Apple to come up with a low-cost iPhone, Tim says.
Meanwhile, the variety and choices available in digital streaming suggest the time is ripe for a TV breakthrough. If and when it comes, it’ll bring with it the excitement Apple investors have been waiting for.
When will Apple thrill consumers again? Please watch this short video to get Tim’s full take, and then leave a comment to let us know whether you’d buy, sell, or short Apple stock now, and why.
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Related ETF: Technology Select Sector SPDR (NYSEARCA:XLK)
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