“Very few Wall Street analysts are willing to bet against Apple Inc. — as evidenced by the dearth of sell or even neutral ratings on the high-flying stock,” Dan Gallagher reports for MarketWatch.
“Ed Zabitsky of Toronto-based ACI Research issued a note to clients Wednesday afternoon, maintaining a ‘sell short’ rating and $270 price target on the shares,” Gallagher reports. “He said the early October launch of the iPhone 4S ‘skewed’ the results for the quarter, though noted that iPad sales of 15.4 million units for the period were ‘exceptional.'”
Gallagher reports, “The reason for his bearish view of the company is that Zabitsky believes the competing Android mobile operating system from Google ‘will change the playing field entirely’ with its latest 4.0 update, also known as Ice Cream Sandwich. He says the experience on the updated platform is on par with Apple’s iOS.”
Read more in the full article here.
MacDailyNews Take: Eddie, you’ve been iCal’ed!
On Friday, January 25, 2013, we’ll check back to see how Ed’s $270 AAPL price target compares with reality.
In the meantime, kids, pay attention: This is your analyst’s brain. This is your analyst’s brain on…
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Here’s his bio page with email if anybody wants to send him ridicule:
http://aciresearch.com/index.php?pr=Bios
Canadian-English translation error: He was actually predicting enterprise worth of RIMM
ring piece
Ice cream sandwich is overblown hype.
What the analyst is missing is how incredibly pissed off so many android handset owners are going to be when they find out they can’t upgrade to Android 4.0. They will have to decide to buy a new handset to get it and some will by iPhones instead. Bring on the Sandwich – it is going to be a total PR fiasco.
Let’s also be clear that Android any version is FREE for ANYONE to use.
With that fact in hand, attempt to SELL Android and justify it MAKING MONEY. It doesn’t sell. It doesn’t make money.
YEAH, that’s a brilliant bet! Bet it all on Android!
TechTardiness abounds.
My suspicions were right. I’m certain that Wall Street is trying to keep Apple’s market cap below ExxonMobil’s market cap. There’s just too much of a coincidence that Apple continues to fall back. Investors are pouring money into Netflix and Intuitive Surgical and shunning Apple which is kind strange. Intuitive Surgical keeps blowing past Apple no matter what Apple analyst projections are.
From the ACI web site: “…At ACI Research,.. we perform thorough macro product cycle analysis to … separate the winners from the losers.” And then they hire the losers.
Ok, so I Googled the name of the company and got some interesting information:
First, I know the street. The “company” is on 476 Spadina Rd in Toronto. Very nice street, Big beautiful houses. Nope, not office area. So, 476 Spadina Rd is a house. There is no suite 300 either.
So, this is some guy working out of his basement tossing statements without any kind of analysis. Fully ignored.
LOL!!
This is so funny. Baghdad Bob has found a new home as an analyst.
Hum.. Level the playing field… That’s actually true…
Yes… After Apple Carpet bomb the heck out of Androids runway’s with their announcement’s this week.
He’s got the job to draw attention to the WSJ.
If it drops to $270 call your broker- I’ll be buying all I can get my hands on. Just not at today’s prices.
When it comes to Apple the credibility of Financial Analysts is less than that of used car salesmen. And ED is less accurate than an stopped clock. Ed, you’re losing credibility even among other analysts. Stop drinking the electric kool-aid and sticking various body parts into light sockets. Perhaps in time you’ll start to see the light and become as accurate as a stopped clock, if the brain damage you are suffering from ins’t too extensive. 🙂
Apparently, these analysts have no accountability whatsoever. All they have to deal with is ridicule on the Internet for being so far-off and clueless but I guess their jobs are safe since they continue with their dribble over and over again.
It’s not so much that someone like Ed Zabitsky is pathetic (which he surely is), but the “research firm” that employs an idiot like him who’s in total denial. All one can do is laugh at EZ but I guess he’s so thick-skinned and has a dumb employer so he’s laughing his way to the bank as well.
Ed Zabitsky is a moron! ♪♫
Ed Zabitsky of Toronto-based ACI Research
I want the return of the pillory where dickheads like this are made a public spectacle and flogged by every disdaining passer by.
Ed is an idiot! Enough said.