One of the things that has made
Apple (
AAPL) such a success over the years — that is, its quiet focus and its general refusal
to overreact to investor noise — has recently got the company into trouble. Why? Because
some Wall Street analysts want Apple to respond more quickly to the challenges being presented by the rise of
Samsung (
005930) as a legitimate force in the smartphone market. But
Barron’s points us to a new research note from UBS analyst Steve Milunovich, who says that investors will need to be patient and not expect the sort of explosive growth that the company exhibited last decade because it is facing more “significant and competent competition” in the consumer electronics realm than it has ever faced before.
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