Tech expert Duncan McLeod disagrees that technology company Apple stock price is doomed.
This after American investor Paul Mampilly declared that the Apple stock price is going to decline.
Mampilly raised questions about the lack of innovation in Apple products in recent years.
There have also been concerns over the low demand and sales of the latest iPhone 10.
While McLeod says Apple will continue to make profits, he says perhaps the smartphone has peaked across the industry.
To say that Apple is doomed is really overstating it.— Duncan McLeod, TechCentral Editor
It's one of the most profitable companies in the world. There's no sign that the profit engine is going into reverse anytime soon.— Duncan McLeod, TechCentral Editor
The pace of change has slowed and the model you buy this year is not that much improved from the model you bought last year.— Duncan McLeod, TechCentral Editor
Take a listen to his expert opinion:
This article first appeared on CapeTalk : 'I don't think Apple is doomed, but maybe the smartphone industry is changing'