iPhone 5 Maps and Apple’s Share Price
A muting of Apple Inc. (NASDAQ: AAPL) iPhone 5 sales because of trouble with the company’s map software is not built into the stock price. The map technology is so bad that CEO Tim Cook has even publicly apologized. There…
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The forecast for iPhone 5 sales still runs toward 20 million last month and as many as 47 million before the end of 2012. But consumers are used to perfection from Apple’s new products, and press coverage of the Apple map problem has been universal. It would take only a very small drop in expectations to press Apple’s shares down sharply. Those shares trade at $665, down from a recently reached 52-week high of just above $705, but still up almost 90% over the past year.
The air up there may have become harder to breathe.
Douglas A. McIntyre
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Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.
Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.
Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.
Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.
