“As Wall Street continues to grow pessimistic on Apple, Toni Sacconaghi of Sanford C. Bernstein remains optimistic,” Bree Kelly reports for CNBC.
“‘Fundamentally the iPhone business is healthy,’ Sacconaghi said on CNBC’s Halftime Report,” Kelly reports. “The top rated tech analyst said first-time smart phone users will drive iPhone sales.”
“‘[Globally] only 60% of cell phones are smart. There are still a couple billion that will become smart phones,’ he said,” Kelly reports. “Sacconaghi believes Apple can attract new customers. ‘Apple is still able to gain share from other platforms and attract people.'”
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MacDailyNews Take: It’s interesting to watch the replay of events from two years ago (recycled fomenting with a few voices of sanity peppered in here and there):
• Apple manipulated by Wall Street Journal before earnings? – January 22, 2013
• Japan’s Nikkei, The Wall Street Journal blow it, get iPhone demand story all wrong – January 16, 2013
• Did Apple reduce 4-inch Retina display orders due to improving yields? – January 15, 2013
• Analysts: iPhone 5 demand ‘robust;’ ignore the non-news noise – January 15, 2013
• Apple iPhone suppliers decline on report orders cut by 50% – January 15, 2013
• Apple swoon erases $17 billion from stock market – January 14, 2013
• Apple iPhone 5 production cut signaling a new product release? – January 14, 2013
• Apple drops to 11-month low on old reports of component cuts – January 14, 2013
• The strange math of Apple’s alleged massive iPhone 5 component cuts – January 14, 2013
• UBS analysts: Apple iPhone component order reduction ‘old news’ – January 14, 2013
• Apple pulls down U.S. futures – January 14, 2013
• Apple shares drop below $500 after reported cuts in iPhone 5 parts orders – January 14, 2013SEE ALSO:
Apple falls for third day as so-called ‘iPhone woes’ trim $40 billion in value – January 7, 2016
Apple stock price tumbles 3% in premarket, now trades well below $100 – January 7, 2016
Apple stock slumps near $100 amid ‘iPhone sales worries’ – January 6, 2016
Wall Street’s freak out over declining iPhone sales is overblown – January 6, 2016
Piper Jaffray: Apple’s iPhone production cut do not necessarily presage sales decline – January 6, 2016
Foxconn plans ‘rare’ holiday as iPhone output fears rattle investors – January 6, 2016
Apple to release Q116 earnings, webcast live conference call on January 26th – January 5, 2016
Yes it is….
But the charlatans want your shares…..
And ohhhh its So lucrative..so fun…. And so satisfying… Lol… arent they all just such a sweet bunch…
https://m.youtube.com/watch?v=gMShFx5rThI
fear mongering by wallstreet Charlatans.. With bogus sensationalized headlines always works… Fear is one of the most fundimental instincts humans/animals have developed throughout evolution. It is fundimental to survival. And in the wall street jungle the charlatans know it all too well.
Say “boo” and most will drop everything and run… Leaving behind what charlatans want to collect. we empower those bastards. A must watch if you want to see how this is openly admited by the insiders…. The 1st minute will tell all.. But watch the whole thing
can I say assholes!
Why are u trying to be nice ? 😉
you’re giving assholes a bad name.
Thanks for this post ! Must see. Fascinating to hear it said.
✌️👍
Everyone must watch..
Just take what he is saying as a small hedgfund owner …..Then amplify the urgancy and magnitude due to last year disaterouse bets on commodities ….And it somewhat showes how desperate these animals can get and to what extent !
Agree wholeheartedly. Even if you only understand half of what Cramer says in the clip, that’s enough to understand what’s happening to AAPL right now. As MDN says, back up the truck (I just wish I has a bigger truck).
👍👍👍
And don’t forget. Low income first time buyers are very likely to see a small format phone from Apple this year.
That cuts the battery, screen components almost in half compared to larger screens, so the price can be kept down.
The lowest of the low income may well just buy the 1-2 year old “trade in” iPhones. Nothing goes to waste in the 3rd world.
The older chips are definitely slower. But the phones themselves still work fine! You can buy a new battery for 5 or 10 bucks.
Anyone remember mp3 players? When the iPod first came out, there were a ton of mp3 players will really crappy software and poor controls. Apple’s iPod provided the first device that had great software, worked with your music library and addressed a lot of issues with inferior products. It took several years and generations but Apple came out with more models to fit every need. They started at the top and pushed the competition to the low end of the market. Eventually the shuffle stuck the knife in and killed off the competition.
The market has forgotten that but this is exactly what Apple are doing in the phone market.
BINGO !!!!!
not easy for the blind to see, but hey, thank goodness for us savvy investors……
96—-> 130 = 34 fast bucks
When it comes back up you just know that they will criticise its volatility as a good reason to give it a miss… at least once they have taken their profits.