“Not everyone loves Apple,” Christina Medici Scolaro reports for CNBC. “Take Fort Pitt Capital’s Kim Caughey Forrest. The portfolio manager and equity analyst says it’s a fantastic phone company, but her accolades stop there.”
“Forrest gave three reasons for her lukewarm analysis of Apple. First, Apple’s record-high stock prices reflect a willingness to believe that the tech giant can reinvent an entire product category every few years,” Scolaro reports. “Second, Forrest said Apple will have a tough time shifting consumer tastes back to wrist-pieces when the Apple Watch launches in April. After all, it was Apple that helped shift consumers away from watches in the first place.”
MacDailyNews Take: There’s some twisted logic right there.
Scolaro reports, “Lastly, Forrest questions the growth prospects of the iPhone… Forrest is neutral on the stock and says she has to question the fact that people are buying the stock based on the notion that market share of iPhones is going to continue to grow… Forrest wants to see Apple create a clear path to lower pricing for its iPhone models.”
Read more in the full article here.
MacDailyNews Take: Kim who? From Fort Pitt where?
Anyone who suggests that Apple needs to “create a clear path to lower pricing for its iPhone models” simply doesn’t understand Apple at all.
[Thanks to MacDailyNews Reader “eldernorm” for the heads up.]