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KeyBanc claims Apple’s next-gen OLED iPhone will be hurt by lack of Touch ID

“If it’s Friday, which it is, it must be time for another report on the state of the fingerprint identification feature of Apple’s next iPhone,” Tiernan Ray reports for Barron’s. “”

“KeyBanc Capital Markets analyst Andy Hargreaves this morning writes that ‘supplier’ checks indicate the forthcoming device, variously called ‘iPhone 8’ or ‘iPhone X,’ won’t have the ‘Touch ID’ function that allows for one’s fingerprint to be read, and he thinks this will be have a “negative impact” on appeal of the device,” Ray reports. “‘In regards to Apple, we believe this will ultimately lead to disappointment for more-bullish investors, but see positive risk/reward near term,’ writes Hargreaves, who has a Sector Weight rating on Apple shares.”

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MacDailyNews Take: Purely idiotic fomenting.

Anyone who makes a stock move based on this load of bullshit deserves to be parted with their money.

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