With Apple deciding to move to a 3-year upgrade cycle, what long term influence can it have on the stock price?
I'd suggest it to go down, maybe even find a new low, since this doesn't look like investor-appealing move.
I'm not so sure Apple is moving to 3-year iPhone cycle: Analyst RBC Capital Markets analyst Amit Daryanani on Tuesday cast some doubt on a report that says Apple will take longer to roll out substantial iPhone updates. On Tuesday, Nikkei Asian Review reported the tech giant plans to release full-model upgrades once every three years, extending the current two-year cycle. Apple did not immediately respond to CNBC's request for comment. That report points to a number of items that have been validated by numerous sources, Daryanani said. Those include that the coming iPhone 7 will have the same form factor as the previous model, and any updates will be largely incremental.
It only makes sense. You can improve the screen only so much before it makes no difference. The battery is one thing which can be improved upon, but other than that, getting thinner or lighter is out. Form factor remains the same now for some time to come.
Goldman lowering thier target on AAPL Goldman Sachs slashes price target on Apple The investment bank lowers its price target on shares of the tech giant to $124, while keeping its buy rating. Investment bank Goldman Sachs cut its price target on Apple Thursday to reflect lower growth expectations for the smartphone industry. This follows a recent reduction of the bank's global smartphone unit growth forecast for 2016 to 5 percent from 6 percent, and to 4 percent from 7 percent for next year. The bank has trimmed its price target to $124 from $136, maintaining a "buy" rating. The technology giant's stock finished at $98.46 on Thursday evening. Goldman also trimmed predicted iPhone unit sales to 211 million from 212 million for the whole of 2016.
Apple reporting outages for many of its services Many of Apple (AAPL)'s core services, including the App store and some functions of iCloud, were hit by outages Thursday, the company said. Read full article here: http://www.msn.com/en-us/money/companies/apple-reporting-outages-for-many-of-its-services/ar-BBtNETk
Hornman Sux shorting AAPL all week front running their downgrade, why doesn't the SEC revoke their trading license,and so easy to spot
Guess it's not that obvious for them. Or perhaps we don't see the whole picture. Or it's more complicated than that ;-)
$NFLX earned 29c per share TTM on $16.72 revenue/share. $AAPL had $9.00 EPS on $41.54 revs/sh. Absurd lunacy that both shares trade at $98
FOMC fun day today, more often than not market goes down/sideways prior and down shortly after and then back up.
Buffet's Group doesn't put a BILLION Dollars into this company because he thinks it will keep going down. Duh! He's a BILLIONAIRE.
