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.
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Erin Kennedy owns shares of Apple. Evan Niu, CFA owns shares of Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.