“At first glance, Wall Street may seem to have it in for Apple these days,” Dan Gallagher reports for The Wall Street Journal. “But looks can be deceiving.”
“Apple’s low valuation has also kept most analysts in the bull camp, despite [analysts’] reductions,” Gallagher reports. “About 87% of covering analysts currently rate the stock as a ‘buy,’ according to FactSet.”
Gallagher reports, “That compares with 71% a year ago, when Apple’s shares were near their peak and worry was already creeping in about a slowing iPhone cycle.”
Read more in the full article here.
MacDailyNews Take: We’re still of the mind that, absent any cataclysmic external events, Apple’s second half of 2016 will be better than the first.
You are an idiot
Trump for Apple!
Give it a break loser boy.
Stupid story. And, MDN’s take is wishful thinking. I hope they are right but there is one thing and only one thing that keeps Wall Street away from any support whatsoever for AAPL. That one thing is Tim Cook. It has always been so and always will. There is no longer anything he could do to change things. The Street has never seen him as an innovative leader and he has confirmed the expectations. In spades. Capitalism has little interest in social issues and agendas from CEO’s who have anything other than the best interest of shareholders as their driving force. Tim doesn’t give a damn about the company’s investors. Just ask him and watch him lie. If he did, he would do something to change the culture of tweaks and minor updates to the company’s products and services. He won’t. He has created a phone company with a limited future while leaving the world’s demand for superior, serious computing unanswered.
Wall Street could give a rats ass about Tim Cook – Steve cared much less than Tim does about investors – Steve ignored Wall Street and they hated him for that – If Wall Street was smart they would back Tim and Apple as he is an Operations guy and there is no other company that runs as well as Apple. Wall Street just hates Apple because they don’t play by Wall Street rules which really need to be changed. I will sit back and keep collecting my dividend as Apple keeps raking in money by the truckloads by those people who still need trucks.
@Jay Morrison: Who do you think would be better running Apple?. Do you have anyone in mind?. Please name his name out LOUD, REAL LOUD.
You’re breaking your promise, Jay — AGAIN. You promised to stop regurgitating the same old crap, and here you are, with more.
Soooooooo — go away and buy some of the many vastly superior products out there. It’s just that easy.
Yeah, sure, do something about being a leader and come back and see us in a few decades…