Personal Finance Insider's video: The End of the iPhone X Cycle Could Send Apple s Stock Tumbling

Business Insider CEO Henry Blodget discusses Apple, whose stock is up more than 90% over the past five years. He references a research report from Nomura Instinet analyst Jeffrey Kvaal, who lowered his rating on the company to neutral. Kvaal argues that Apple's shares have historically contracted after a product supercycle, and that the iPhone X cycle is nearing an end. He notes that the company's 15x valuation matches past supercycle highs, after which it's dropped to 8x-9x. Blodget mentions rumors around another iPhone X that will supposedly be even bigger than the current model, and says that could lead to another product cycle. -------------------------------------------------- Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow BI on Facebook: http://bit.ly/1W9Lk0n Read more: http://www.businessinsider.com/ -------------------------------------------------- Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.