Apple Inc. (NASDAQ:AAPL) in under immense pressure to deliver with its Apple Watch and the stock performance for 2015 depends completely on the performance of the Watch in the market. Many believe that Apple Watch with be an instant hit and predict that nearly 30 million units of Apple Watch will be sold in the first year. Many others believe that Apple Watch might not do well in the market. CNBC’s Jon Fortt, Dr. Jon Najarian and The Aspen Institute’s Walter Issacson discussed on CNBC about the success of Apple Watch and the stock.
Fortt said that you have got to separate Apple Inc. (NASDAQ:AAPL) the company and Apple Inc. (NASDAQ:AAPL) the stock as two different entities. He mentioned that Apple had a low during mid-2013, and the ideas that they came up with at that time is fuelling the stock at the moment. He feels that company has to do some good work now to reap benefits with increasing share prices down the line. Fortt said iPhone 6 has done really well and that puts them into a tough cycle. He feels that every Apple Inc. (NASDAQ:AAPL) product might not be an instant hit. He said that they might put Apple Watch in the shelf with high prices and sell only few millions of units.
On the other hand, Issacson feels that Apple Watch is a good product and he might buy one of those which go very well with his iPhone 6 as well. He said that it always feels good to swipe your wrist at the shops and use Apple Pay for shopping. He feels that whole computing industry in the last 70 years thrives to make their products more intimate, personal, fashionable and beautiful. He thinks that Apple Inc. (NASDAQ:AAPL) satisfies all this requirement with all its products.
Dr. Najarian said that he is not going to invest in Apple Inc. (NASDAQ:AAPL). He feels that Apple Inc. (NASDAQ:AAPL) is a tremendous company, but he feels that Apple Watch might disappoint some investors, which might push for a downfall in share prices in 2015.
“I am not (investing in Apple). […] Not because I don’t think that Apple is a tremendous company. I do. If I have to buy one of these tech companies right here, Apple would be on my short list. The reason that I am a little interpretation is that the street will be unimpressed by the sales of the iWatch. I will be happy to be surprised,” Dr. Najarian said.
He added that he would put Apple Inc. (NASDAQ:AAPL) on the short list.
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