From a note to clients by analyst Rod Hall that landed on my desktop Wednesday:
We believe Apple can deliver better than FactSet consensus revenue in the March quarter and guide inline for the June quarter based on a new country level model we are rolling out with this report. Our smartphone market checks indicate no further deterioration of demand in China though European consumer sentiment implies the possibility for worse demand there. As we look forward to the end of this year we see increasing potential for Apple to miss consensus expectations at the unit and potentially the ASP level. We are forecasting 61m iPhone shipments in Dec ‘19, up 3m from our previous estimate but still 6m below FactSet consensus. We also flag potential risk to FQ3 margins from the recent QUALCOMM settlement which took effect on April 1. We increase our 12-month price target ... to reflect less short term downside as well as a change in our valuation methodology.
Maintains Neutral rating and raises price target to $182 from (Street-low) $140.
My take: About time.
Goldman needs a new analyst covering Apple, Inc.
A spreadsheet of ALL historical analyst calls by each analyst about Apple should be created. That spreadsheet would permanently debunk LYING LOSERS like: Aaron Rakers,
Roderick Hall, Toni Sacconaghi, Tim Arcuri, Jeffrey Kvaal and most of the other known corrupt degenerates.
How many years of being completely and quantitatively proven wrong, does it take to permanently ruin someone’s reputation. A 5 year market call spreadsheet by analyst can easily be created. That is what we’d call real journalism.
If real questions were asked to Roderick about his historically horrific market calls, Roderick would slither back under the rock from whence he was born.
No other plausible answer can be arrived at.
We’ll likely hear from CNBC’s favorite muppet sounding puppet on a string Toni Sacconaghi, shortly before earnings come out next week. Toni is “Apple’s Top Analyst” (CNBC Chyron) even though he’s proclaimed annually that Apple’s best days are behind it. I’ve made millions on Apple during that time period. Hopefully Apple’s best days continue to be behind it.
And no, I’m not defending him. But if it does hit that low, he may consider he has bragging rights.