“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