Popular American investor Paul Mampilly has predicted the price fall for Apple stock. Paul Mampilly refers to Apple as a business which the good years are before it. People who are looking for investment opportunities in Apple should be aware that the company is no longer the one they knew from a few years back. Things have changed for the company, and it is no longer doing well. Since the death of its founder Steve Jobs, Apple has done very little to awe the market with great innovations like it used to do. Today it is facing competition from companies like Amazon and Google which are doing everything possible to top the electronics business in the United States and the world at large. Apple is one of the biggest electronics companies in the world currently, but it has a lackluster performance lately which have made it lag behind other companies in the industry.
Apple was known for producing innovative products like the iPod, iPhone and the iPad in the last decade. Ever since Steve Jobs died, there has been no changes in the company. Only the products that he had introduced in the market are still being sold. The company has never released a new product for the last seven years since the death.The lack of innovation is likely to start affecting the company’s products. There is no way people will stick with the same products for a very long time. It will get to a point where it will be almost impossible for the company to beat other giants such as Google and Amazon which are at the top of business bringing innovations into the market regularly. According to Paul Mampilly, the lack of business for Apple will result in poor performance of the company’s stocks. According to Paul Mampilly, 2018 is the year when the decline of the company will begin despite some billionaires like Warren Buffet investing $20 billion into the company.
About Paul Mampilly
Paul Mampilly is a stock investor in the United States who has knowledge about the stock business than many investors out here. He has been a hedge fund manager in the Wall Street and has won the award for the best trader in the world in 2009 called Templeton Foundation award.Paul Mampilly knowledge about stock markets is quite impressive, he has worked with the best financial institutions in the world and made profits with them. Right now he is a private investor who owns two trading platforms.