Apple Inc. had its shareholders meeting today with many holding their breath all on news for the coming year. The outlook looks cautious but bright with many focusing on Apple’s goal of 10 million iPhones sold by year’s end. Steve Jobs is sure it will happen, while I personally seem a little uneasy about it. If Apple can bring the iPhone to international markets such as China and India then I believe the goal can be met. Steve Jobs need to move Apple Inc. into these international markets in order to keep the company afloat and keep shareholders optimism high.
Steve Jobs also made headlines today announcing that Apple is not going to have a share buyback program, or offer a dividend to shareholders. Some questioned the reasoning behind such a move with Apple’s $18.5 billion in cash and no exposure to the sub-prime mortgage fall out. I think Apple is creating a healthy ‘moat’ of cash just in case of any further economic slowdown. If Apple can continue to innovate, drive demand its products and widen their exposure to different countries then the stock price will be likely to rise.
Boring Market owns Apple Stock.
1 response so far ↓
1 Caleb // Mar 11, 2008 at 9:14 am
Not only can Apple do it,but they will reach their iphone goal…the product that I believe is even better is the new mac air.
Apple should offer a few divideneds though in order to hold the ‘masses’ at bay and further ensure confidence to its holders.
Leave a Comment