Apple faces a lot more headline risks than anything else, said Angelo Zino, senior industry analyst at U.S.-based firm CFRA Research, who reiterates his bullish outlook on the stock.
“Apple is the biggest U.S. name out there, and we think it is a lot more headline risks than anything else,” Angelo Zino, senior industry analyst at CFRA Research, told CNBC’s “Squawk Box Asia” on Wednesday.
A headline risk is the risk that a company’s share price will decline from negative news coverage.
For the last two months, Apple has already been grappling with production shortages. In November, iPhone 14 production was hit by Covid-19 restrictions and labor protests at its primary iPhone 14 Pro and iPhone 14 Pro Max assembly plant in Zhengzhou, China…
“Ultimately, Apple is going to do everything they possibly can to defend their business as long as they can across different geographical regions,” said Zino. He further added that the actual impact to the top line is going to be less than 1% in the U.S. and Europe.
MacDailyNews Take: Throughout this annus horribilis, with 40-year-high U.S. inflation, currency headwinds, and rising interest rates, safe harbor Apple has held up remarkably well versus other blue chip tech stocks.
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Now that the end of year has been reached, Apple‘s share price shall rise again to new records in 2023.
It has to be one of the most absurd headlines I’ve ever read from a fin-analyst. Sure, we are seeing a WW econ slow-down, which includes great uncertainty with AAPL’s primary manufacturer and customer and the majority of all analysts forecast a recession in ’23 and the person calls it a “headline risk.”
Linking the statement to a “senior industry analyst,” challenges expected understanding of language.
If you don’t want to watch the movie anymore, there’s no shame in turning it off or leaving the room until it’s over