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buoy

Apple will coast then decelerate... just like all the others before it.

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But wait, there has to be some kind of disclaimer to say that 3/4 of those HTC One X users thought they had actually bought an iPhone. Right guys? Right? :lol:

 

O/t: Can't believe the Note 2 rated just over 8... The phone is f**king great...

Edited by pyro

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Those results are quite odd.

Anything with a gap that big cant be trusted.

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That gap's not really that large. Bare in mind that they're all within a single unit, which i'm presuming is out of 10 anyway :)

Edited by pyro

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Nah mate. It has "research" in the title. It's legit by default :lol:

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There would have to be other factors at play to cause such inconsistent and spaced results.

My guess would be that the ones who rated their smartphone highest were first timers who know nothing better.

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DEGRADATION!

 

The bear is at the gates of AAPL... and it is gnawing at its stock.

1336596555203.jpg

 

Peter Misek, Jefferies & Co.: Reiterates a Hold rating on the shares, and a $420 price target. “iPhone channel inventory increased by 1M to 11.6M

and iPad by 1.4M to 4.8M (almost all iPad mini). We estimate the channel fill helped revenues by ~$1B and EPS by ~$0.35. iPhone sell-through decelerated from 26% in CQ4 to 12% in CQ1. China growth decelerated from 67% in CQ4 to 8% in CQ1 (+18% on sell-through). We think China will continue to be weak until a TD-SCDMA iPhone 5S launches at China Mobile [...] Mgmt comments about Fall and 2014 product launches implies no or limited launches beforehand. We cut our CQ3 estimates based on later launches for the iPhone 5S, low-cost iPhone, iPad 5, and iPad mini 2 and we expect GM pressure to continue [...] the new product category implies iWatch or iTV or both. 2) Screen commentary suggests Apple has smartly reversed course on 5? screens. We think the single biggest determinant for the stock over the next 6-12 months will be the timing of the iPhone 6. We see a June 2014 launch as most likely though Apple is trying to bring it forward.” Misek cut his fiscal ’13 estimates to $170.8 billion in revenue and $38.58 per share in net profit, down from $173.6 billion and $38.86.

 

Stuart Jeffrey, Nomura Equity Research: Reiterates a Neutral rating on the shares, and cuts his price target to $420 from $490. “Falling ASPs, gross margins and market share might be a product-cycle issue, but it seems unlikely to us. Rising demand for iPhone 4 and lower storage versions all point to saturation of high end – at least for 4” screens – and point to further ASP and gross margin weakness. An evolutionary iPhone 5S will likely struggle to change this dynamic, while a mid-range iPhone could further pressure gross margins and ASPs. Further, low point in 2013 EPS is 17% below the 2012 trough, further suggesting that falling EPS is more than just a mid-cycle product issue.” Jeffrey cut his fiscal ’13 estimates to $171.7 billion and $39.51 per share from a prior $182.8 billion and $45.02 per share.

 

Glen Yeung, Citigroup: Reiterates a Neutral rating, and cuts his price target to $430 from $480. “While bulls will laud Apple’s substantial buyback increase, we note that its impact to EPS is more than nullified by Apple’s below-consensus guidance. With capital allocation no longer a future catalyst, investor attention will likely revert back to fundamentals. Here we remain concerned about Apple share, noting that loss is clearly evident in F3Q13(Jun) guidance. Meanwhile, with iPhone mix already negatively impacting GM, our concerns about Apple’s longer-term gross margin sustainability are supported. When then factoring in a relatively weak result from China (another area of

concern for us), and the likelihood that iPhone5S is delayed, and we think the bear case outweighs the bull case. Although it is fair to say much has been built into the shares, in our view, we found little from Apple’s results to warrant buying the shares.” Yeung cut his fiscal ’13 outlook to $165.5 billion in revenue and $37.48 per share in profit from a prior $171.6 billion and $41.49 per share.

 

Will Power, R.W. Baird: Reiterates a Neutral rating, and cuts his price target to $438 from $465. “We applaud the long-awaited buyback and dividend increase, but remain concerned with increasing competitive pressures and the lack of a near-term product catalyst. In addition, company comments suggested that its next products might not launch until this fall, which could also create a challenging September quarter.” Power cut his fiscal ’13 view to $167.8 billion in revenue and $37.84 per share in profit from a prior $170.3 billion and $40.37.

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Yeah, with record sales and profits Apples stocks are going down? These Wallstreet types live in a fantasy land....

 

I think if Apple does buy back their stock then it would be the best thing for them.... Wallstreet is the only thing that is dragging them down.

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