“Mizuho Securities’s Abhey Lamba this morning raises his rating on the stock to Buy from Neutral, opining that people may be ‘missing the forest for the trees,’ in that ‘current short-term focus on supply chain data points and weakness in China have likely created an attractive risk-reward,'” Tiernan Ray reports for Barron’s. “However, Lamba cuts his price target to $120 from $125.”
It is the job of an analyst, especially one with an investment horizon longer than one quarter, to look beyond what ‘everyone already knows’ and to consider the implications of the near-term knowns and the longer-term potentials. We did that last year with Apple and made a non-consensus call […] At the current time, sentiment has turned completely negative. We recognize the recent flurry of bad news from the iPhone supply chain, lackluster iPhone sell through, and fully understand the concerns presented by slowdown in China. However, as is usually the case with various technology companies, we think extrapolating current data points to eternity is neither fair to the company nor an appropriate way to value Apple as an investment. — Abhey Lamba, Mizuho Securities
Read more in the full article here.
MacDailyNews Take: “At the current time, sentiment has turned completely negative.”
Gee, ya think?
[Thanks to MacDailyNews Reader “David E.” for the heads up.]
When you look at the total iOS, watch OS and TV OS picture, as well as Apples bold 2015 move into the cloud and living room, Apple Music, iTunes revenue, etc. and the fact that 30% of new iPhone buyers are former Android owners, the Apple ecosystem is set to break records in 2016.
Apple TV 4 is really good… and getting better with each update. it is quite an entertainment device for the price, doing things the other streaming boxes only wish they could do .
Apple TV 4 is only good if you can’t compared it directly to the completion. For my money, Roku 4 blows it out of the water.