Apple Inc. (NASDAQ:AAPL) the world’s most valuable company with a market cap of $683 billion might not have enough fuel to land itself on the trillion dollar mark. On CNBC, Henry Blodget, who is the editor in chief & CEO of Business Insider expressed some of these concerns during a discussion involving the tech giant.
” […] We are in the middle of a huge product cycle. I am a shareholder, I am rooting for it to go to a trillion as far as I am concerned, but this quarter and next quarter will be massive because of the iPhone 6. After that, we are all guessing. Optimism about the watch is getting extreme. I have to say I am very sceptical of the optimistic estimates there. I want bigger screen, not a little screen […],” said Blodget.
Apple Inc. (NASDAQ:AAPL)’s watch is not the only product that is the subject of what Blodget called ‘extreme optimism’. The company has also released its new payment method for the mobile platform, which is also seen as a prospective driver towards the one trillion mark, but the product is largely at its fancy stage, and it’s not exactly a clear field. Competition is brewing up.
A lot of hope or speculation, whichever word you prefer, has been attached with Apple Inc. (NASDAQ:AAPL) on account of its innovation team. However, Blodget pointed out that they do not have the solution to every problem. One particular case is that of iPad. The release of iPhone 6 has further complicated things for the product which is already struggling.
” […] And iPad, the whole gang got together and said, what could we do to save the iPad? And came with their best ideas. None of them is interesting. The iPad has basically become the redundant product, now that we have the big iPhone […],” remarked Blodget.
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