Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Inc. (AAPL) Is A Cult That Should Succumb: Don Luskin

Apple Inc. (NASDAQ:AAPL) positive sentiments in the market as well as impressive rally that has seen it clock highs  of $700 billion in terms of market value is apparently not going well with some people.  Trend Macro chief investment officer, Don Luskin, is not all happy about Apple’s market valuation. During an interview on CNBC, Luskin, called Apple a cult that should succumb to competition going forward as more inventions hit the tech space from other companies.

Apple, is Apple a good stock to buy, Je Suis Charlie, Nice-Matin, Apple App Store, Tim Cook, Je Suis Charlie app

Apple Inc. (NASDAQ:AAPL) is currently the largest company in the world in terms of market valuation that goes to question whether Luskin remarks will add any water going forward. The Cupertino-based company has seen its sentiments and valuation improve over the past year at the back of an impressive run in terms of iPhone sales. The analyst seems to believe that competition in terms of inventions of other unique products could have a huge bearing on the company’s performance in the long-term.

“[…] They always seem to find something to do for none core I have to admit, they always surprises me. But one of these days somebody other than Apple is going to invent something and when that day happens we are going to throw away our Apple’s. We are going to buy something else, and that will be it for Apple Inc. (NASDAQ:AAPL), and it will just be in the graveyard like all the other tech companies that used to rule the world and don’t anymore. I am too tired of calling them the top, but I am also tired of this cult,” said Mr. Luskin.

Luskin seems to be o the opinion that should Apple Inc. (NASDAQ:AAPL) fail in developing another revolutionary product, then it could succumb just like other companies that ruled the tech space in the past. It awaits to be seen if this will ever come to realization considering the huge cash balance the company has at its disposal and its ability to attract some of the best talents that are sure to ensure the company stays on top of its game in terms of innovation.

Competition is a must in the tech space, but Apple Inc. (NASDAQ:AAPL) has proved time over time that it can handle any incoming pressure and end up on top.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!