Apple Unlikely to Beat Original iPhone Success




TheStreet TV show

Summary: Apple reported earnings after the close yesterday and the stock tumbled as investors are starting to think Apple can't repeat the success of the original iPhone. Belpointe Chief Strategist David Nelson tells TheStreet's Debra borchardt he doesn't believe Apple stock will have the same incredible run it has had in the past and believes Apple is sitting on obscene amounts of cash that should be put to use.