Analyst declares Apple heading down Microsoft way
An analyst with Barclays has reportedly said that he just doesn't see growth in Apple's future and that the tech giant was going down the Microsoft way.
Analyst Ben Reitzes indicated that Apple's shares were 'alright' to have and to hold, but only if one is prepared for richer or poorer.
He said that there was no scope for growth for Apple, either through smartwatches or TVs, adding that he wasn't fully convinced that these products could move the needle like new categories did in the old days, Cnet reports.
Reitzes further compared the valuation analogy of Apple vs. Microsoft from 2000 to about 2010 and indicated that Apple was just like Microsoft, merely steps away from a flattened mediocrity.
(Posted on 23-02-2014)