“Per Lindberg of Oslo, Norway-based investment bank ABGSC Sundal Collier yesterday published a rare thing: an initiation of coverage of Apple (AAPL) with a Sell rating and a $400 price target,” Tiernan Ray reports for Barron’s.
“Writes Lindberg in his lengthy report (102 pages), Apple’s products ‘are no longer unique,’ phone companies are looking for alternatives, and customers are ‘suffering from ‘fashion fatigue,”” Ray reports. “‘For all its commercial success, marketing prowess and brand image, Apple is bound to enter a phase of much stiffer competition, far tougher comparisons, and, materially less generous operator subsidies,’ writes Lindberg.”
Ray reports, “Amidst a raft of problems — including ‘Microsoft getting its act back together with Windows 8’ — Lindberg sees substantially lower revenue and earnings per share in coming years versus consensus.”
Read more in the full article here.
MacDailyNews Take: Dude oughta analyze his own mental state — or at least a Windows 8 review.
[Thanks to MacDailyNews Readers “Nick P.” and “Rainy Day” for the heads up.]
Related articles:
Earnings surprise: Why Apple will beat the Street – December 2, 2012
Microsoft’s nightmare scenario coming true: The beleaguerment and collapse of Microsoft – November 30, 2012
Windows 8 face-plant: U.S. notebook and desktop sales down 21% in Windows 8′s first month – November 29, 2012
ZDNet’s Kingsley-Hughes: Microsoft’s Windows 8 is an awful, horrible, painful design disaster – June 8, 2012
Analyst meets with big computer maker, finds ‘general lack of enthusiasm’ for Windows 8 – June 8, 2012
Dvorak: Windows 8 an unmitigated disaster; unusable and annoying; it makes your teeth itch – June 3, 2012
The Guardian: Microsoft’s Windows 8 is confusing as hell; an appalling user experience – March 5, 2012
More good news for Apple: Microsoft previews Windows 8 (with video) – June 1, 2011