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How time flies! Nine years ago Steve Jobs shared one of the most memorable commencement address’s of all time at Stanford University (here speech) In that speech, Steve discussed connecting life’s dots, by looking backwards.
As most of us are well aware, Apple will introduce the iphone 6 today. Speaking of new products introductions and connecting the dots looking backwards, does it seem odd that Apple’s stock is almost the exact same price today as it was when they introduced the iphone 5?
Tim Cook introduced the iphone 5 in 2012, as Apples stock was hitting a 5 & 30-year resistance lines (see post here). It then proceed to lose a third of its value after hitting these resistance lines.
Odds are high the results will be different this time!