“Cihra cut his fiscal 2019 earnings estimate to $12.97 a share from $13.41 — the FactSet consensus is $13.41 — and his revenue estimate to $273 billion from $281 billion,” Kilgore reports. “‘Over the past 10 years, Apple’s iPhone ASP has increased a dramatic +$220, or 40%, reflecting its growing value to both consumer and business markets, but nearly half of all that just came in [fiscal year 2018] alone, making a period of digestion now likely,’ Cihra wrote in a note to clients.”
Read more in the full article here.
MacDailyNews Take: Like lemmings the so-called analysts dart in unison inside their echo chamber.
Can we talk this under $190, please? The truck is backed up and ready to load!