There was a six-year period between the release of the iPod and the iPhone, a three-year span between the iPhone and the iPad, and only two years between the launch of the iPad and the iPad mini. While it's true that Apple doesn't release a game-changing product annually, the rate of its innovation cycle has actually increased, said Brian White, an analyst at Topeka Capital. ( Read more: Apple iPhone 5S production to begin this month: Analyst) We are all waiting, and we are all anxious." It just does not come out with a product like the iPhone or iPad every year. "It's not slipping behind, or behind in having brilliant, world-class designers. "It's the place you want to go as a young designer or a young engineer," he said. Gene Munster of Piper Jaffray told CNBC recently that employee morale and the stock are linked, adding that Apple product launches may help boost both employee morale and the share price.īut Tognazzini, who founded the Human Interface Group during his 14-year tenure at Apple, disagreed that the company has lost its luster when it comes to recruiting and retaining talent. It has changed from being an innovative company to a company returning cash to the shareholders and that has completely backfired."Ĭhowdhry, who has an overweight rating on the stock with a $650 price target, said that if the price doesn't increase in the next several months, key employees will begin to abandon Apple to work for companies such as Google. "Today, Apple is a very different company.
"The likelihood of Apple's being able to come up with an innovative product or smartphone that would create new demand is very slim, given that the stock is 40 percent below its high," Chowdhry said. Trip Chowdhry, managing director of Global Equities Research, recently released a note in which he slammed Apple for its failure to produce items other than a smaller or larger iPhone. ( Read more: Apple needs to treat employees 'like gods': Analyst) Wall Street, though, seems to feel differently.Īpple's stock has been in a steady decline since its all-time intraday high of $705, which it hit last September.
They will come out with another product that will change everything. "And I have no doubt about that whatsoever. It seems like everything is coming to a halt, but it's not coming to a halt," Tognazzini said. "Apple will every so often come out with a breakthrough product and then everybody copies it, and that's where we are today. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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