“With the stock down more than 15 percent over the past month alone, Apple Inc. could be seen as being in a ‘period of undervaluation,’ ARK Investment Management CEO Cathie Wood told Bloomberg TV,” Jayson Derrick reports for Benzinga.
“Wall Street analysts are wrongly focusing their attention on how many iPhones Apple is able to sell and their corresponding average selling prices, Wood said during an interview on ‘Bloomberg Technology,'” Derrick reports. “The Street’s simplistic approach to Apple’s stock overlooks the company’s Services businesses — which continue to expand beyond the App Store and into new ventures like health care and augmented reality, she said.”
Derrick reports, “As a services-focused company, Apple’s stock warrants a higher multiple compared to where the Street is pricing Cupertino as a hardware company, Wood said.”
Read more in the full article here.
MacDailyNews Take: All hail this brief break of sanity!
We now return you to the ongoing stampede of uninformed lemmings.
(Beloved interns, roll out the barrel! Cheers, everyone!)
SEE ALSO:
Apple estimates cut again amid fears of sluggish iPhone demand – November 29, 2018
Poor news curation at Bloomberg, CNBC, Reuters created misleading iPhone supply chain panic – November 19, 2018
WSJ: Apple slashes production orders for all three new iPhone models – November 19, 2018
Misreading Apple’s supply chain and iPhone XR demand – November 15, 2018
Apple: Ignore the noise – November 14, 2018
Dialog Semi says not seeing hit to demand from Apple – November 14, 2018
Don’t panic about iPhone sales just yet – November 14, 2018
Apple stock: This is not a repeat of 2015-16 – November 14, 2018
iPhone XR production cuts not due to soft demand – analyst – November 10, 2018
Apple’s Asian suppliers fall on report of canceled iPhone XR production boost – November 6, 2018
Nikkei claims iPhone XR production cuts, Apple stock drops over 3% – November 5, 2018
This investment “pro” has some AAPPL shares he needs to sell.
Keep on pumping till you’re dumping!!!
Apple shares would be worth the same as Google if it wasn’t for Pipeline!
Pipeline needs to pipe down and pipe off with the Pied Piper into retirement.
Pipeline = CANCER
FARQ PIPELINE!
PIPELINE = GAY BUTT CANCER
Babble Von Tinkle — Cancer? Wow, what insight! What a brilliant point. Your intellect is amazing.
But, anyway — Several people have been trying to help you out. I don’t understand your difficulty. You can get a broker or use one of numerous websites and buy DIFFERENT stocks. Y’see… there’s a place called “the stock exchange”. It’s like a big store where you can buy many, many different stocks. Then you can be relaxed and happy… and the quality of all our lives will also improve.
Gotta be a botvinnik alias. Same language – ‘CAPITALS ‘, same rabid homophobia, the same exhibition of threatened masculinity and the same refusal to engage when common sense advice is given.
= Troll!
Not one mention of Hillary, Kenya, or Cheeto praise. I doubt it. Botty would not be able to hold his breath that long.
Ishkaramble Von Wank = deranged homophobe
Ishkabibble = truly beyond pitiful / pitiable
Microsoft has overtaken Apple as the world’s most valuable company.
Only an r sole would care
Oh, NOW it doesn’t matter. I seem to recall it being a very big deal around here when it was the other way around.
Fans of anything, too often, check their objectivity at the door.
It isn’t a big deal objectively, but the bragging rights sure are/were fun. I think it’s telling the Microsoft, which could easily have been long buried, has found new ways to move forward. I’m an Apple guy for almost 30 years, but good for them for figuring it out. Just like IBM did. Either of them would have been in the dustbin of tech history if they didn’t reinvent themselves.
If I had the money, I’d put it into Apple, as I think that even if they don’t get some of the important stuff — like the Mac Pro — right, they still have lots of great things going on. And I think they’ll be back in the #1 spot soon enough, whether in matters or not!