Boston, MA 07/22/2014 (wallstreetpr) – A premier in the domain of mobile communication and media devices, Apple Inc. (NASDAQ:AAPL) is struggling to persuade the large cap fund managers to invest in the company’s stock. The company is banking on its “product lines” of 2014 to make company’s stocks desirable among the funding community.
Reviving Stock Position
APPL is working relentlessly towards regaining its stock desirability in the market. As per Goldman Sachs report, despite a rise of nearly 17% of its shares for 2014, APPL’s stocks are largely underweighted among portfolio managers. The major reason behind the failure of the popularity of its stocks can be attributed to the absence of new product launch since 2010. Thus, with the quarterly result scheduled to be announced on July 22, 2014, APPL is all set to provide a promising outlook coupled with strong results to rebound to its real position.
One of the consistent owner of APPL’s stock for 12 years, Skip Aylesworth, a co-manager of the Hennesy Technology fund highlighted APPL’s “new-product” slump as a chief reason for the crisis. Despite having a value growth, Apple Inc. (NASDAQ:AAPL) is struggling to promise a sustainable high growth rates in the present competitive market. Chris Carter, a portfolio manager of APPL also recently remarked that the slowed growth of APPL and its dividend are not enough to attract value managers.
However, clearing the smoke, the Chief Executive Officer of APPL, Tim cook has promised a range of new “product categories” for 2014. Senior VP of the company, Eddy Cue highlighted the to-be-launch as the best product pipeline in last 25 years. The company is expected to launch revolutionary wearable devices and different version of smart phones among other products soon. Thus, Apple Inc. (NASDAQ:AAPL) still holds a significant chance to attract back majority of large cap fund managers to have stake in company’s stocks.
