Apple Share Prices: In a recent “Halftime Report” segment on CNBC, Josh Brown of Fusion Analytics Investment Partners discusses the fact that Apple Inc. (NASDAQ:AAPL) is up 9 percent over the past week.
While there is no denying the fact that this is a good thing for Apple Inc. (NASDAQ:AAPL) investors, as well as the company in general, many are wondering why this is the case. Many are wondering what has changed over the past week, causing the spike.
The host starts out by discussing how there is speculation about Apple boosting its dividend soon, “as well as reports that it will release a watch-like device.”
Here is what Brown had to say about the potential for a watch as the interview gets rolling:
“You know, I don’t know if it’s the key, but let’s not scoff at it so easily. I don’t think a watch is a game changer for a half a trillion dollar company, but look at some of the other things they have revolutionized, they were rather mundane. The computer, for example, the telephone, so you know a lot of people are speculating that maybe it would be a TV remote or whatever, but the watch thing is interesting and I have no idea how this will go but I will say that there probably not going to do this as an afterthought. If they do it, it will probably be a pretty big launch.”
After talking a bit about the watch, the host asks Brown “if shares have bottomed.” Here are his thoughts on where Apple Inc. (NASDAQ:AAPL) shares stand right now:
“I don’t know, we own a little bit of stock, we are really not trading it. It’s just not that exciting any more. And I couldn’t tell you if it revisits $400 or $500 first. I’m a lot more interested in the other names out there.”
As you can see, Brown does not have much to say about Apple Inc. (NASDAQ:AAPL) shares. Despite the recent 9 percent gain, he doesn’t appear to be overly excited.
Do you agree with what Brown has to say? Are you excited about the recent gains or in the same boat as Brown?
Check back here for more updates on Apple Share Prices.
DISCLOSURE: I have no positions in any stock mentioned.
For more Apple news, visit these pages:
Home Depot Says Hello to the Apple Inc. iPhone
Apple Inc. CEO Tim Cook vs. Steve Jobs, Samsung Lawsuit