“Wall Street analysts who track those who supply the parts for Apple’s phones and tablets are taking a hard look at those numbers, and they don’t like what they see,” Rachelle Dragani reports for MacNewsWorld. “All that fueled the latest round of negative news that included stock price drops [and] analyst downgrades.”
“Jefferies on Tuesday became the latest Wall Street firm to downgrade its Apple price target as it blamed a delay with an iPhone product launch and slower smartphone sales,” Dragani reports. “Misek said in a research note that the company had been planning to launch an “iPhone 5S” in June, but supplier troubles with casing colors were causing a delay in operations. Instead, he predicted Apple will launch a new smartphone in late summer or early fall — about a year after the iPhone 5’s debut.”
Dragani reports, “volatility and recent analyst downgrades aren’t indications that serious trouble is afoot in Cupertino, said Trip Chowdhry, senior analyst for Global Equities Research. ‘Apple is still a company that other companies look to and want to be,’ he told MacNewsWorld. ‘”But investors are uncertain about what the company is going to do next, and the market is getting really competitive. Apple hasn’t made any big moves lately and the supply chain and the stock is going to reflect that.'”
Read more in the full article here.
MacDailyNews Take: Analysts who are interested in actually analyzing companies vs. fomenting low-information investor sentiment against them, should buy themselves several boxes of Q-Tips, clean out their ears, and listen – for a change – to what Apple’s management tells them:
I know there has been lots of rumors about order cuts and so forth and so let me just take a moment to make a comment on these. I don’t want to comment on any particular rumor because I would spend my life doing that but I would suggest it’s good to question the accuracy of any kind of rumor about build plans and also stress that even if a particular data point were factual it would be impossible to accurately interpret the data point as to what it meant for our overall business because the supply chain is very complex and we obviously have multiple sources for things, yields might vary, supply performance can vary. The beginning inventory positions can vary, I mean there is just an inordinate long list of things that would make any single data point not a great proxy for what’s going on. – Apple CEO Tim Cook, Q113 conference call with analysts, January 23, 2013
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Malfunction. Need input… More input, Stephanie! – Number 5
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There seems to be a new tech analyst sport: piling on Apple. The only rules seem to be: blow every unsubstantiated negative news about Apple wildly out of proportion and turn any good news against Apple. I cannot think of any other company that is so blatantly discriminated against by the media. I think it represents latent hatred of Steve Jobs and his legacy: Apple.
Nothing new here- this is as it has always been, world without end.
Boohoo.
I wonder how Apple’s numbers will look after Thursday?
You mean after the new Samsung Galaxy IV releases? The device actually looks pretty underwhelming.
Another piece of Korean, plastic, oversized shit with a stolen UI.
Whoop-dee-fsckin-doo.
You’ve seen it? Wow! Even the folks on TV haven’t seen it yet. You must have an inside connection to Samsung?
My bet is up, GM. But you are so good at this that you should be the one telling rather than wondering.
Ah yes, GM, the Grand Master.
Well, unlike a fanboy I’m simply curious. I don’t approach things with a closed mind. I was brought up to be honest and objective. Unfortunately you and the King were not. Blind loyalty is for fools. Drinking the Kool-Aid and carrying on as though you are defending your sister is rather silly don’t you think? But I digress, I am of course speaking to fools.
I guess those analysts overlooked the fact that Apple’s two biggest suppliers/manufacturers just went on a hiring spree. Makes sense, huh? You hire more people when your biggest customer starts slashing orders. Right.
Tim cook has already said these asshole channels check is not workable . But nobody seems to care but still live in a dream .
In the last six months I’ve learned that three things no longer matter on Wall Street: Facts, Quality, and Profit. Now it’s Rumor, “Affordability,” and Market Share that dominate buyers’ decisions. To my chagrin, the road back for AAPL is and will be a very long one.
Totally true, but you forgot one thing. These people are Speculators NOT Investors. They are looking for reasons to force price down then let it spring back up so they can make a quick buck. Nothing more.
Speculators would be happy to kill the goose that lays golden eggs just to get a small egg now. Greed at its greatest.
Just a thought.
en
What about Wall Street ever implied that “quality” or “facts” were core values? These guys participate in a perverse form of gambling. That simple. It is sad that Apple is associated with this racket.
Starting to wonder if these hit pieces come out when Apple’s stock starts to climb again?
The problem with Apple stock is that Tim Cook has fulfilled his promise of cracking down on secrecy. The rumor mill has been spun down and Wall Street analysts have less to obsess about. This lead to lack of emotion and excitement for Apple and people calling for Tim Cook’s job. The good thing for Apple investors is that there is plenty of empirical evidence to show that Apple can innovate and that they can dominate the supply chain. Apple stock is cheap right now.
Look guys, These a$$holes need negative news and info to justify their short sells, plain and simple. If they can’t make money on a stock on it’s way up, they make money on the same stock on its way down. All they need is movement one way or another and thats why all these articles and analyst opinions get written, to create movement.
I have twelve and thirteen year old spies working in Samsung plants and they tell me that working conditions are a lot worse for the ten year olds then themselves. I checked with the AAPL plants in China but my spies couldn’t get hired without proof they were 18 or Chinese gymnasts.
We need to start a movement like Climate Reality, find Apple hostile site and rebute their falsehoods with truths. Those idiots need to be educated.