Stock watch

Mac Format - - APPLE WORLD -

Clem Cham­bers, CEO of ADVFN, the lead­ing stocks & shares web­site There’s a belief that Ap­ple will fall now. This could hap­pen for two rea­sons. The first is the global eq­uity mar­ket is very frag­ile. China has crashed and Greece, ‘Grexit’ or not, has made mar­kets swing around on the ba­sis of 10 mil­lion folks bounc­ing their col­lec­tive cheques. If 0.2% of the world’s pop­u­la­tion can swing the Dow 500 points then the mar­ket is not ro­bust and could easily take a heavy tum­ble. Ap­ple may as well be the NAS­DAQ, so if the mar­ket goes belly up so will Ap­ple.

The sec­ond rea­son is the Ap­ple Watch. It’s not go­ing to do the $18 bil­lion of sales in the first year the clown­ish an­a­lysts were scream­ing; it will be lucky to do $5 bil­lion. I pre­dict less than stel­lar suc­cess for one sim­ple rea­son: I want one, and that’s not a good sign!

Jok­ing aside, a quite nor­mal slow start to sales of the Ap­ple Watch could drag heav­ily on Ap­ple be­cause it will beg the ques­tion: “Where is the next Ap­ple smash hit go­ing to come from?” Time will tell.

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