“Apple will have a good 2016 because of low sentiment, better growth comparisons, and new products, according to one tech analyst,” Maria Boden reports for CNBC.
“Tim Long of BMO Capital Markets says Wall Street is too concerned about near-term unit sales and sees a buying opportunity at these current levels,” Boden reports. “‘We’re still pretty optimistic on the long-term and we think in the near-term the Street is just being too negative on some of the reads from the supply chain,’ Long said.”
“Also making Long bullish is the newly implemented phone upgrade plans which he says could drive further upside for future sales,” Boden reports. “‘We think these new models for selling these devices is going to create a good upgrade rate and keep people with the higher-end devices, so Apple will be able to maintain their history of having very stable, if not growing, average selling prices.'”
Read more in the full article here.
MacDailyNews Take: Gee, ya think?
[Thanks to MacDailyNews Reader “David E.” for the heads up.]