Who Violated Apple’s Firewall System to Destroy iTunes?? WHO DID IT?

by,

Suzanne Coleman

While Apple (AAPL) stock has been trading down since the Apple Live Event on Monday, the 12 month expected price of the stock continues to creep up, seemingly unnoticed.  Over the last week or so it has increased several dollars and is now noted to be $137.80.  Current trading price of the stock is $123.76.

Per other news media outlets today (take your choice, pick one), many of Apple’s (AAPL) online services were not functioning this morning for several hours, and some outages reportedly continue at mid-day (Reuters).  There are several possible reasons for this, let’s take a look.

The most likely reason is that somebody really, REALLY wants to get their hands on Apple Watch’s undisclosed secrets and has penetrated the company’s security systems in search of their “gold,” leaving utter code destruction and dysfunction in their wake.

On the other hand, it’s possible that it could be someone from Anonymous who read yesterday’s article about how Apple has failed to respond to thousands of customers’ concerns for several MONTHS over a software issue that is driving people crazy and has decided that they need to “take the company down a peg.”  See the article here:  http://www.forbes.com/sites/gordonkelly/2015/03/10/apple-ios-8-2-problems/

Equally probable, it could be Iran who desperately wants to start up their own App store so that they can raise their “cool points.”  Taking what seemed to be the easy route, they busted into Apple’s systems to get a copy of the code that Apple uses to run their store.   They probably figured that since our government thought it was ok to just illegally access their computer systems, heck why not do the same thing they did?

Maybe it’s Martians (are there any still up there, or have they all relocated to the suburbs, wearing smart outfits?) having a bit of Wednesday fun.  You know how BORING the suburbs can be.

Maybe there were so many people trying to download the new Apple Watch App that they overloaded the system, you know, fried it.

Maybe Apple finally realized that the search software in iTunes is the worst I have ever seen, likely causing them to lose millions in potential sales.  So this morning, before they had their coffee, they decided to revamp the whole project, again, but forgot to tell all of us that they were going to do it today.  Oh, well.

Maybe Tim was just so tired after Monday’s event that he threw his hands up in the air and wanted to “just take a break from it all.”

Whatever the reason, I think shares should be back up at at least 129 asap.  I agree with other analysts that $160 is a very likely 12 month price target.

🙂

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*NOTE:  I own shares of Apple stock, but I still try to keep my sense of humor.  Oh, and in case you could’t tell, most of the above is an attempt to make you laugh, or at least think.