Why Apple Is “Dead Money”… At Best

The charts usually tell the story much better than words or opinions based on emotions. And what does the Apple chart tell us? It is heading down…seriously.

Apple is the benchmark for some of the popular stock indices. Because it is the highest capitalization stock in the indices, it carries the greatest weight. Therefore, when the stock can no longer be supported because of big selling pressure, it is bearish for the stock market.

The chart below shows a long sideways pattern since February 2015. That support has now been broken.

Does The World Really Need An Apple Watch?

The Apple Watch was released on March 9. A Wall Street Journal article said several weeks ago that Apple may have ordered 5-6 million Apple watches to be manufactured in Taiwan. Analysts believe that 10 million units, or at the most 20 million units, may be sold the first year.

For Apple AAPL, that would be a drop in the bucket. If you assume an average price of $400, that would be $4 billion in sales, or just 2.2% of Apple’s total sales last year.

Here is what I see:

Apple— What’s For An Encore?

My last article on this much loved firm was written on Forbes.com before the announcement of the new products on Sept. 9, 2014. That article discusses the contracting financial metrics of Apple. In the article below I discuss the newly announced products. Here are my impression. Some readers may disagree but these are my opinions, not based on emotions, but on facts and observations:

Over the next several weeks, investors will hear a lot about soaring Iphone sales, the wonders of Apple technology, the Apple watch next year, Apple Pay, etc.