Apple Inc. (AAPL): Time To Take Profits: Fast Money Crew

Apple Inc. (NASDAQ:AAPL) turned out to be the biggest winner of this year’s holiday shopping season on the consumer electronic space in terms of device activations. Despite enjoying a wave of positive news as well as an upgrade from a number of research firms, Apple has continued to trade on a downward trend. CNBC’s Jon Najarian maintains it is high time for investors to recoup part of their investments in the stock heading into 2015.

New data from analytics firm Flurry indicates that Apple Inc. (NASDAQ:AAPL) was the undoubted smartphone winner of the year at the back of the launch of iPhone 6 that continues to command strong demand. The research firm reports that 51% of devices activated during this holiday season came from Apple Inc. (NASDAQ:AAPL) with Samsung following suit at 17.7% and Nokia coming in third at 5.8%.

“They’ve got deals going on in the U.K with banks over there for Apple Pay. They’ve got a deal with Chevron; they’ve got Stiffler upgrading and saying their target is $130, stock still goes down. I like Apple just fine I just think a lot of people are putting off sales that they could and perhaps should have been making here to do them next year,” said Mr. Najarian

Demand for iPhone 6 remains strong heading into 2015 which the Fast Money crew on CNBC believes should give the stock the much-needed energy to surge in 2015. Wall Street continues to remain skeptical about iWatch that was expected to be another product that should give Apple Inc. (NASDAQ:AAPL) the momentum to surge in the market.

Taking profits at the current highs remains a good play according to Steve Grosso especially on the ongoing concern of how iWatch will perform when it gets launched in 2015.

“I will take profits absolutely. I think Apple’s challenge in 2015 we already know we have the iPhone 6 refresh, and it is stronger than what people expected, but what else is out there. The iWatch potentially but the reviews on that are even darker, they said it wasn’t that great,” said Mr. Grosso

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