“Weaker-than-expected iPhone sales through the 6s cycle and an expectation for continued softness through the 7 cycle has driven negative investor sentiment around Apple,” Pacific Crest Securities analysts Andy Hargreaves and Evan Wingren write via Barron’s.
“Apple stock now trades at 4.8 times enterprise value (EV)/earnings before interest, taxes, depreciation and amortization (Ebitda), which is at the low end of its historical range and at the bottom of the range for mega-cap tech stocks,” Hargreaves and Wingren write.
MacDailyNews Take: Not to mention, ridiculous.
“In contrast to the negative sentiment, we expect fiscal-third-quarter (ended June) results and fiscal-fourth-quarter (ending September) guidance to be largely in line with current consensus expectations, with the potential for modest upside in guidance,” Hargreaves and Wingren write. “This would likely serve as a relief to investors who are concerned about continued deterioration in the pace of iPhone sales through the iPhone 7 cycle and serve as a positive catalyst for the stock.”
Read more in the full article here.
MacDailyNews Take: Those are expecting “continued softness through the 7 cycle” are in for quite a surprise.
This “negative sentiment” is imported and alien, engineered and manufactured by those that cannot and by those that can only hate, not do.
It is NOT worth anything and certainly not shared or cared about by any Apple core users and investors.
So who gives a fuck? Apple will surprise and continue to climb and innovate and grow and change the wolrd and eveything in it that it choses to, despite the alien orphan “negative sentiment that gives home and peasure only to dimented desusionary haters.
Thank you for the wonderful Apple Zephyr
So cool and refreshing.
Girding us for the next battle with all comers.