Will The Apple Watch Flop?

The Apple Watch, formerly known as the “iWatch,” made its debut last week. TV reporters were at Apple stores hoping to report on the assumed big crowds. But there weren’t any. It was a strange “launch” because people couldn’t get the watch, just place an order online.

What to do when there is no crowd? Interview the CEO, Tim Cook. He was all excited about the congratulatory phone calls he received from around the world. He didn’t say how many watches he sold on those calls.

Fox Business news reported this:

Apple: Like A Tired Old Race Horse

Posted on Forbes.com

As early as September 2012 I predicted the bear market in Apple stock on twitter.com and to our clients. In my articles on Forbes.com as early as December 5, 2012, the headline was Seven Reasons Why I Wouldn’t Own Apple Stock Now.  That was followed by an article in January this year, Six Reasons Why I Still Wouldn’t Own Apple Stock.

Last year I first predicted a price target of $520. That was not very popular.