After a decade of bullishness, Barclays analyst Ben Reitzes has downgraded Apple (NASDAQ: AAPL ) stock from "overweight" to "equalweight," tantamount to downgrading from buy to hold, though his price target remained fixed at $570. Reitzes sees the company as being all about the iPhone, with new product categories such as a smart watch or smart TV being unlikely to catalyze shares upwards. He also makes the unsettling comparison between Apple and Microsoft (NASDAQ: MSFT ) , which saw its share price remain largely flat for the decade following 2000.
In this video from Friday's Tech Teardown, Motley Fool tech and telecom bureau chief Evan Niu takes a look at Reitzes take on Apple today, and whether or not he sees Apple investors as being in for a slow decade ahead.
What Microsoft is afraid of
There are few things that Bill Gates fears. Cloud computing is one of them. It's a radical shift in technology that has early investors getting filthy rich, and we want you to join them. That's why we are highlighting three companies that could make investors like you rich. You've likely only heard of one of them, so be sure to click here to watch this shocking video presentation!