Apple Inc. (AAPL) iPad Is a Redundant Product: Henry Blodget

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Apple Inc. (NASDAQ:AAPL)’s product cycle has been the key factor in its market trends. Each new iPhone defines the trend in many quarters to come every year. In a program on CNBC, Henry Blodget, Business Insider editor-in-chief & CEO talked about Apple Inc. (NASDAQ:AAPL) product cycle. He said that after the launch of iPhone 4, Apple became the all-time favorite. Everyone knew that Apple will go up and up no matter what market trends have to throw at it. But suddenly, there was a sudden plummet  in Apple’s popularity graph and a bit of uncertainty came in the Apple Inc. (NASDAQ:AAPL) stock.

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Blodget said that when Steve Jobs died, Apple Inc. (NASDAQ:AAPL) started to lose its certainty. He thinks that iPhone 6 has turned the tables around and Apple is again back in business. This quarter and next will be massive for Apple Inc. (NASDAQ:AAPL). iPhone 6 has stuck record high sales and the company is counting on it for a major part of its revenue. Blodget said that Apple’s market cap is approaching 1 trillion and this is a great news for investors like him. But he thinks that after these two quarters, nothing can be said about Apple Inc. (NASDAQ:AAPL) with surety. Everyone is guessing around and all the future progress depends upon Apple Inc. (NASDAQ:AAPL)’s product cycle.

Blodget thinks that Apple Inc. (NASDAQ:AAPL) Watch can be a decisive factor in the Apple Inc. (NASDAQ:AAPL)’s stock position but he is skeptical about it. He said that the screen is too small in the watch. As for the upcoming two quarters, Apple will maintain its growth and after that, everything depends on this vital product cycle. He said that a lot was expected from iPad, but it was a huge disappointment. He thinks that Apple Inc. (NASDAQ:AAPL)’s iPad has become a “redundant” product.

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