Good time to buy more Apple stock, eh.....
It's down from $ 700 to $ 628 in a couple weeks because the iPhone 5 sales while good, are not living up to expectations.
I saw a program where they were interviewing a highly successful technology investor about Apple stock just before the iPhone 5 announcement. He recommended
not investing in Apple or Rim or other handset companies but instead invest in the component manufactures supplying the parts. He said that Apple reminded him of pyramid sales where the mathematics of sustained growth can't last so there is a bigger risk to late comers. He also pointed out that like RIM & Nokia - nothing is immune to market failure.
His point was that independent of how the pie was split up - the smart phone market itself was undergoing a great growth and the the smartest investment are in the part manufacturers that are contributing components that sustain this growth.