“So far, 2016 hasn’t been a good year for Apple,” Kat McKerrow writes for TheStreet. “Since the markets opened on January 4, the company’s stock has been sagging, dropping from a high last year of $134 to $92.39 on January 28. This week, the stock finally pushed back above $100 again.”
“The headwinds should soon pass and Apple’s inherent strengths will come to the fore,” McKerrow writes. “The company is predicting $50-53 billion in sales for the first quarter ending in March. That would be a 14% year-over-year decrease and would mark the company’s first year-over-year unit and revenue decline. In addition, slowing markets in China, where Apple realizes nearly 25% of all sales, plus an unfavorable currency exchange rate, are pushing down the stock.”
“Analysts are expecting that the bad news is over,” McKerrow writes. “The hurdles that the company has faced are now priced into the stock, they say. The company’s stock is ready to rise again.”
Read more in the full article here.
MacDailyNews Take: Back above $100 feels better than below, but not quite a good as $134.54 did.
“The headwinds should soon pass” Snake oil.
…And so is L.Ron Hubbard, Elvis, Tupac, Ted Cruz, bell-bottom pants, and Pet Rocks!
As long as that incompetent gay activist is ruining Apple, I will stop buying Apple ANYTHING!
“I will stop buying Apple ANYTHING!”
Good. And since you won’t be buying anything Apply, that will mean, I trust, that you will no longer be visiting this site.
👍👍👍👍👍🌟🌟🌟🌟🌟
I honestly don’t see why these articles are being written except to short the stock. Apple has absolutely nothing on the horizon except some variation of an iPhone. It’s been stated constantly that there’s nearly no growth left for iPhone in China and the U.S., and Apple can’t compete with Android sales in nations like India or Brazil.
Saying Apple’s share price will rise is certainly misleading and giving false hope where there is none. Tim Cook foolishly bet everything on iPhone growth and it’s backfiring on Apple shareholders. If the iPhone has no growth left then shareholders can’t depend on anything else. Although no outsiders can tell if Apple has anything in the pipeline it’s obvious Wall Street certainly doesn’t believe Apple has anything coming. Bad news for Apple can crop up at a moment’s notice and Apple’s balloon will quickly deflate.
The way Apple is being run is pretty much leaving shareholders dangling in the wind. No potential investors will be courting Apple if iPhone growth has stagnated. Does anyone know of any projects Apple is working on except some vague talk about an elusive Apple vehicle which no one has ever seen? Probably not.
Tim Cook has no persuasive qualities whatsoever. Elon Musk of Tesla is able to coax big investors despite the company burning through cash and having downright crappy fundamentals. Apple is profitable, giving dividends and sitting on a mountain of cash and the stock goes nowhere. Over the last five years Tesla has absolutely pulverized Apple in terms of share gains. You’d think Tesla and Apple’s cash-flow was mistakenly reversed.
The death of Steve jobs seems to have marked the end of value for Apple. There doesn’t seem to be any hope left of an Apple value revival under Tim Cook’s leadership. The company is doing quite well, but there’s something definitely missing as far as investors are concerned.
You wouldn’t care because you are simply a troll. Go away.
Don’t worry too much MDN, I’m confident that we’ll be joyfully reading “new high for Apple stock” sometime this year.
Kiss of death!
I’d be keen to see some new computers – MacBooks with some power (or updated MacBook Airs) and MacBook minis that can drive a 4K monitor at 60Hz.
Apple stock ain’t going anywhere until the Supreme Court reaches its verdict on Apple’s defiance of warrant.
The only exceptions might be if Cook is fired (which would happen if Apple is defeated in court, since that would immediately make iCloud and all cloud services immediately undesirable and less popular). Or Apple could amaze the world with the next big thing, or a whole series of must-have hardware. Like that’s ever going to happen again. Slow Cook doesn’t do that.