Jeff Gundlach: Apple Is A ‘Broken Company’

Jeff Gundlach: Apple Is A ‘Broken Company’

CEO of investment firm DoubleLine Jeff Gundlach made a provocative statement on CNBC’s Fast Money, calling Apple a ‘broken company’, and also added that it was an ‘over-owned stock’. His point of view was also shown to be that the best innovation was behind them, and that Steve Jobs was the product innovation genius.

Apple has always been attacked by the financial press in general, and while the stock has fallen quite significantly over the past few months, it only yesterday announced its best quarter ever, bringing in $13.1 billion. Don’t count your chickens before they’re hatched: Everyone criticizing Apple’s stock now like Gundlach could regret it in the future.

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