“Wall Street’s top tech analysts were beside themselves Tuesday evening after finding Apple’s earnings report to not be as bad as feared, according to CNBC’s Jim Cramer,” Berkeley Lovelace Jr. reports for CNBC. “‘The conference call was dysfunctional. They didn’t know what to do,’ said Cramer, whose charitable trust owns shares of Apple. ”Analysts had their tails between their legs. They cut and run.””
“On Jan. 2, after the closing bell, Apple lowered its first-quarter guidance, which sparked a nearly 10 percent sell-off in the stock the next day,” Lovelace reports. “Cramer, who has long warned against selling Apple shares, had said at the time that he was not convinced and that he was tired of seeing negative Wall Street coverage suffocate the company’s stock. ‘The news simply wasn’t horrible enough to sate the bears,’ the ‘Mad Money’ host said Tuesday night after Apple’s earnings release.”
Read more in the full article here.
MacDailyNews Take: Apple analysts wrong about Apple? Say it ain’t so.
Cramer also touted the Apple Watch, saying it “is going to be a worldwide phenomenon” that will change health care. “The watch is something to watch,” Cramer said. “You’re going to begin to see deals made all over the world for health.”
SEE ALSO:
Aetna rewards Apple Watch wearers for healthy activity – January 29, 2019
Apple in talks to bring subsidized Apple Watch to Medicare Advantage members – January 18, 2019
Apple’s next really big thing: Health – January 9, 2019
Study shows active Apple Watch users gain extra years of life – November 28, 2018
Apple’s watchOS 5.1.2 will enable electrocardiogram feature on Apple Watch Series 4 – November 28, 2018
John Hancock and Vitality prove Apple Watch incentives boost physical activity rates by more than 30 percent – November 28, 2018
Life insurance companies are luring Apple Watch users with deals – November 16, 2018
John Hancock offers Apple Watch Series 3 for only $25 to all Vitality life insurance customers – October 23, 2017
Apple and Aetna hold secret meetings to bring Apple Watch to the insurer’s 23 million members – August 14, 2017
In major win for Apple, Aetna becomes first insurance company to subsidize Apple Watch – September 27, 2016
New ‘SweatCoin’ iPhone app pays people to get fit – May 5, 2016
Why you’ll wear an Apple Watch to keep your job – March 14, 2016
Share your fitness data for an Apple Watch – or cash – March 2, 2016
Tim Cook hints Apple might build a health device – November 10, 2015
Apple should double down on Apple Watch’s health sensors, battery life, and waterproofing – October 2, 2015
Health insurer will charge more for lazy people, less for active people, based on Apple Watch sensors – September 18, 2015
Dalrymple reviews Apple Watch: ‘My most personal review ever’ – June 16, 2015
I think people love to attack Apple because they aspire to do good things. There is something about this that drives some people nuts. If you are kind of evil like Google, Amazon or FB people excuse bad behavior as it is expected. If you aspire to good people look for any possible flaw they can criticize.
@John
Correction, people love to attack Apple because Tim Cook is pissing on consumers and running the company right into the ground.
Let’s not pretend that another market correction is not coming that will most likely be worse than the last.
Keep in mind, AAPL may go up in the short term, but Apple’s long term problem is staring it right in the face… TIM COOK.
Until they handle their problem, Apple and AAPL will continue this insanity.
Correction: Zerobrain likes to piss on Tim Cook because he’s a frustrated homophobe.
Mr Zerobrain was wrong yesterday when he said Apple stock would drop after the earnings call. He’s also wrong about Tim Cook.
He’s just an angry troll and doesn’t even really merit a response at all.
Now go off and play in the traffic.
Allan Von Zero…
Different name, same brain.
Determined to take Stupidity to absolute new heights..`and also define new levels below idiot .
Bought Apple at all time high, without any due diligence and thought….expected overnight riches..
Played a game he is not qualified to play…. got hit and now he blames the universe and evertying in it but himself.
Read his posts for the entertainment/laughter/ stupidity factor… nothing else.
Ps… from Webster
Morons.—Those whose mental development is above that of an imbecile, but does not exceed that of a normal child of about twelve years.
Imbeciles.—Those whose development is higher than that of an idiot, but whose intelligence does not exceed that of a normal child of about seven years.
Idiots.—Those so defective that the mental development never exceeds that or a normal child of about two years.
And then : ALLAN VON ZERO
Noooooo. Apple bad. Products bad. Tim Cook bad man. Pout. Whinnnne. Bitch-bitch. Wa-wa-wa. Stomp foot.
An appetite for drama can overwhelm a more genuine need for real understanding. Drama sells. So those of certain mindset — perhaps in certain occupations — gain by magnifying the spectacle and perpetuating a sense of crisis. Emotionalism takes less effort than acquiring real knowledge, exercising good judgment, and interpreting the facts dispassionately.
Say “Apple’s in trouble!” and people clamor for the juicy bits, real or imagined.
Say “Apple is experiencing a setback” and, well, that may be fairly accurate, and it may even be useful to some people, but yawn.