Does Apple Have The Highest Percentage Of Fanboys That Aren't Investing?
Apple Inc. (NASDAQ: AAPL) has an excessive number of fanboys, but are they taking advantage of the company they cherish so much?
"The fact that only a certain percentage of the population even invests in the first place, let alone individual stocks, would probably give them the 'Most Fanboys For Not Buying The Stock' title," Sean Udall, CIO of Quantum Trading Strategies and author of The TechStrat Report, told Benzinga.
Tech industry expert and analyst Jeff Kagan noted that while Apple has been around for a long time, most fans were in no rush to take their love to Wall Street.
"There were many opportunities to jump in early," Kagan told Benzinga. "[Most] didn't until it became successful."
By then, some of the best opportunities were already over -- particularly for those who wished they had purchased Apple when it was cheap.
Patrick Moorhead, president and principal analyst at Moor Insights & Strategy, doesn't think that Apple fanboys have been persuaded to invest.
"I see them buying stuff but not necessarily the stock," Moorhead told Benzinga.
Related Link: This Analyst Just Said Tesla, Apple And Google Could Put Porsche, BMW, GM And Ford Out Of Business
Super Fanboys
Udall was one of the first people to buy the original iPhone. One of his friends -- who had never purchased an Apple product before -- followed a week later.
"This guy became the most crazy Apple fan loyalist you have ever seen," said Udall. "Every year a new iPhone would come out. He'd sell his old phone, he'd buy new one. He was into that. I'd tell him all the time, 'If you just bought 50 shares of Apple stock, you could pay for as many of these devices as you want.' To this day, I don't think he owns any Apple stock."
That might be for the better. Udall said that being a fanboy doesn't do anything for investors.
"To do well, you have to be kind of an anti-fanboy," he said.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.
See more from Benzinga
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
