“Meanwhile, JPMorgan analyst Narci Chang noted in a report Monday that November sales in the iPhone component supply chain ‘signal signs of early weakness of Phone 6S cycle,'” Seitz reports. “‘Current Street expectations (for Q2) of flat to up quarter-over-quarter seasonality are too optimistic,’ Chang said.”
“Other analysts are more optimistic,” Seitz reports. “On Thursday, BMO Capital Markets analyst Tim Long said that he thinks Apple can increase iPhone unit shipments for at least the next four years. He said that Wall Street is “too negative” on iPhone sales prospects.”
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MacDailyNews Take: Investors never forget that the sole qualification for becoming a Wall Street analyst is getting hired as a Wall Street analyst.
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