“Potentially weak iPhone 7 sales are clouding the market’s judgment on Apple shares, Cowen analysts say,” Fred Imbert reports for CNBC.
“In a late Monday note, Cowen analysts said, ‘while iPhone 7 still looks about flat [with] iPhone 6S and macro risk is clear, our new installed base analysis suggests a ‘powder keg’ is forming,'” Imbert reports. “The note recommended that investors buy the stock.”
Imbert reports, “Cowan points out that more people will be walking around with iPhones that are at least two years old, and they are the group most likely to foot the bill for an iPhone 7.”
Read more in the full article here.
MacDailyNews Take: Hey, let’s keep expectations low, shall we? There’s no need to get all hopped up right now!
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]