On the eve of Samsung's launch of iPhone 5's competing offering in NYC, AAPL is upgraded by one of its early bears, BTIG. Interesting to note that he thinks AAPL may miss its own guidance this current quarter and the next. Also this:
$174 billion revenue expected for 2013. Yet the stock is trading at multiples last seen in 2009, when the company was doing only $42 billion in revenue. For a nice summary and skeptical view, see this article.
Most important thing to remember is that most of the huge installed customer base of Apple products are happy with their experience. This interview with Apple's marketing chief is interesting.
Could this be the start of an upgrading cycle among the analysts?
(3/15/2013. One day later, after the Samsung Galaxy S4 launch, Morgan Stanley came out with a note predicting numbers bottoming.)
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ReplyDeleteAapl is breaking out.
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