der Analyst hier schreibt:
the iPhone's innovation trajectory is flattening and being challenged by foreign rivals that are introducing lower-priced handset that have comparable (if not better) specifications and value propositions.
Furthermore, AAPL's iOS ecosystem has been diminishing, especially in China and India where smartphone growth is expected to be fastest, as competition from the local Android-based smartphone makers expand their market share via aggressive pricing and mainstream focus and put pressure on AAPL's content sales, a critical growth driver in my view. While North America continues to be AAPL's home-court, I expect such advantage to fade as carriers gradually introduce lower-priced high-end Android devices to offer consumers more handset choices and protect their margins amid a declining postpaid and prepaid ARPU environment. I note that the Chinese Big 4 (i.e. Lenovo, Huawei, Coolpad and ZTE) have a combined market share of 8% in North America at the end of 2013, a 3% expansion from two years ago.
Nach DCF ist Apple 102$ wert, die mauen Margin Perspektiven werden es Apple in Zukunft sehr schwer machen, dieses Niveau zu halten.
Ich würde sagen: Zu teuer, zu abgeschlossen (Ökosystem), zu wenig innovativ.
Klar, dass TC jetzt Panik bekommt und Burberry Verkäufer und NIKE Schuhmacher einstellen muß.