We have forecast 9 months earlier and we persist that if base on current Apple portfolio, Apple stock price may have hit its peak. After Steve period, Apple is not as its use to be that can create a different product that lead the market.
Whereas Samsung that create what the market needs are continue to expand its market share. You see the different? Creating market and feeding the market. Both are good strategy but Apple is at the stage that unable to create something that stun the market anymore.
Until possible things change in Apple, we continue believe Apple share price will deep below USD 400 and we are happy our position is in the money now.