Apple (AAPL) Investors Love Cash More than Cook
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Should you be confident with Apple (Nasdaq: AAPL) following recent downside action in the stock?
Heading into Q2 results Tuesday, shares of Apple are up about 1.5 percent. The stock is down markedly since hitting an all-time high above $700 last September and many analysts and traders have begun to question whether Apple will be able to make a second run to $700.
On the Yahoo! Finance homepage today, the question was raised: Apple's stock has fallen more than 40% since hitting all-time highs in September. Do you still have faith in this company?
With about 38 percent of the total -- or 12,877 votes -- the most-popular answer was "Yes, because they have $137 billion in cash."
The 'no' answers were split with 26 percent apiece. Questions were: "No, product innovation is waning" and "No, it hasn't been the same without Steve Jobs."
Notably, garnering the lowest amount of votes with 5,145, or 10 percent, was the question: "Yes, I believe in Tim Cook's leadership." Coincidentally, speculation was recently raised that Apple's board might be considering a replacement for Cook.
Heading into Q2 results Tuesday, shares of Apple are up about 1.5 percent. The stock is down markedly since hitting an all-time high above $700 last September and many analysts and traders have begun to question whether Apple will be able to make a second run to $700.
On the Yahoo! Finance homepage today, the question was raised: Apple's stock has fallen more than 40% since hitting all-time highs in September. Do you still have faith in this company?
With about 38 percent of the total -- or 12,877 votes -- the most-popular answer was "Yes, because they have $137 billion in cash."
The 'no' answers were split with 26 percent apiece. Questions were: "No, product innovation is waning" and "No, it hasn't been the same without Steve Jobs."
Notably, garnering the lowest amount of votes with 5,145, or 10 percent, was the question: "Yes, I believe in Tim Cook's leadership." Coincidentally, speculation was recently raised that Apple's board might be considering a replacement for Cook.
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