Jeff Gundlach: Apple Is Broken

Jan 24, 2013

Apple (AAPL, Financial) is a broken company says Jeff Gundlach, CEO of DoubleLine. He thinks that stocks will decline further and stabilize around what he thinks is the fair valuation of Apple, which is around $425 per share.

-- Apple is a broken company and over owned.

-- Thinks best innovation is behind them.

-- Competition is getting intense and Samsung is taking market share.

-- Will be difficult to thrive without the innovative genius of Steve Jobs.

Credit and source: www.cnbc.com, CNBC

Here is the video:

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