While as a company Apple Inc. (NASDAQ:AAPL) seems to be getting things right, its stock has continued to languish. Recent patent filings suggest that the company is working on a new technology called Augmented Reality (AR) that may have the potential to be a catalyst. Apple stock, which has tumbled since breaking the $700 level, seems to be stuck in a range lately. Investors who own Apple Inc. (NASDAQ:AAPL) stock continue to be convinced that shares will recover, yet the Street has turned somewhat against the tech giant.
In the video below, Fool.com contributor Doug Ehrman discuss AR technology; its application by Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG), and Nokia Corporation (ADR) (NYSE:NOK); and the potential impact on Apple Inc. (NASDAQ:AAPL) stock as well as the company.
Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG). It also owns shares of Microsoft