“Jefferies on Wednesday raised its price target on Apple Inc. shares to $130 from $124 and said it expects iPhone demand in China to drive a 10% per-share earnings beat in the second fiscal quarter,” Ciara Linnane reports for MarketWatch.
“The brokerage is expecting Apple to use its cash flow to raise dividends by 5% to 10% and to enact share buybacks that will reduce sharecount by 5%,” Linnane reports. “However, Jefferies is expecting iPhone sales growth to decelerate starting in the third fiscal quarter, mostly due to increased competition from Samsung’s Galaxy Note 4/Edge and S6/Edge.”
Read more in the full article here.
MacDailyNews Take: Jeffries neglects to factor in Apple Watch and Apple Pay – with both of which Samsung’s iPhone knockoffs are wholly incompatible.
This stuff all works together, guys and gals. It’s not that difficult: Multiple things sell multiple other things. Synergy. The sum is greater than the parts.
The analyses of analysts who can’t see the forest for the trees are very likely to fail the test of time.
Back to the “Apple is doomed by competition from Samsung” meme? Honestly? Have these analysts learned nothing over the last year?
typical analyst, probably can’t read an EGG graph +- BUN to save his life, let alone track JAM, BACN, and P/E impact trajectories for new products.
“Jefferies on Wednesday raised its price target on Apple Inc. shares to $130 from $124″
I love it when these experts raise their target price after the current Apple share price exceeds the present target price.
I wondered why Apple was down today. It was that darn analyst upgrade.
/s
It’s really amazing how the analysts think that every time some Android manufacturer offers a smartphone with some upgraded specs and tons of features, everyone is going to run in their direction. Most consumers are not looking for high-end smartphones. They mostly prefer reasonably priced mid-range spec Android smartphones. They’re not looking for all the bells and whistles that Android flagship smartphones offer. It appears to me that a larger display to a certain degree are what Android users are looking for. The people that I know who have Android smartphones are not using them to the fullest capabilities. They’re using them for the basic things. Phone calls, emails, browsing, simple games, listening to music, occasional video watching, etc. Any mid-range Android smartphone can do those things.
The new Galaxy S models will find limited demand from the average consumer. Only the tech-heads are going to grabbing those flagship models and there’s only so many tech-heads to go around. Without a microSD card slot in those new Galaxy S models, I think a lot of tech-heads are going to be very unhappy.
I’m upping my price target from $126.17 to $126.81
😃😃😃😃😃😃😃😃😃😃😃😃😃😃😃😃😃😃
I’ll see your $126.81 and raise you to $127.12
Ha! Ha! Ha! Ha! Well played eMo… well played!! 😃😃😃😃😃