Apple Inc. (NASDAQ:AAPL) could be just another tech company. Maybe this identity crisis is not just superficial. The company which made its name, its brand and its reputation on innovation, is having a bit of an identity crisis now, according to a worldwide poll of investors conducted by Bloomberg recently. The results were shared on Bloomberg TV Friday morning, and they indicate that, at least for those who invest in the market, Apple just doesn’t set itself apart from its tech competition anymore.
When asked by Bloomberg whether Apple had lost its innovation edge in the tech market, the results showed that 71 percent of those surveyed said that Apple Inc. (NASDAQ:AAPL) has indeed lost its edge in the market place, with 43 percent calling it a temporary phase while 28 percent think the company has completely and permanently lost its advantage. About 23 percent of those investors polled said they still believe Apple is the innovative leader in the tech sector.
Image: Apple Inc. (NASDAQ:AAPL)
If there is a bright side to this survey, it is this: Being an American-made company, the U.S. seems to be at least a little more forgiving than the rest of the world, according to the survey. OK, so maybe an F is an F in grade school, but still. Among investors polled about Apple Inc. (NASDAQ:AAPL) innovation, 37 percent of Americans said that Apple has not lost its technological edge, while 27 percent of Europeans shared the sentiment and only 17 percent of Asians concurred. The survey was of Bloomberg customers and has a margin of error of 3.3 percentage points.
For those investors, which tend to invest in companies they believe in and trust, to note that seven out of 10 investors indicate a lack of trust in Apple Inc. (NASDAQ:AAPL) and its ability to innovate, that might seem to indicate a tightening of the investor pool, which may create more stock supply than demand for the stock. Could this mean the stock price may still head lower? What are your thoughts? Let us know in the comments section below.