Market Analysis: AAPL 4/10/2014

Pricing Scare Makes Investors Nervous

Recently, KGI Securities analyst and in-the-know Apple (NASDAQ: AAPL) source Ming Chi Kuo sent Apple fans into hysteria with the announcement of the long-awaited smartwatch. Analysts? Well, not so much. Specifically, the announcement was regarded with skepticism – an all too familiar reaction for analysts covering the iPhone 5c. Many analysts were scratching their heads wondering how Apple plans to sell smartwatches at $1,000. In short, many fear Apple is pricing itself out of a lucrative and undefined market.

While Ming has been very accurate before, it's important to keep in mind that prices can change before the release of a product. Only time will tell!