Watch CNBC put their “top” Apple analyst through the wringer. Again.
Cue the video:
My take: Seven minutes is forever on television when you are defending a weak position.
Cue the video:
My take: Seven minutes is forever on television when you are defending a weak position.
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Nothing like spreading the blame.
CNBC analysts (and especially Scott Wapner) more and more are holding Toni accountable for missing out on Apple to where Toni’s entire interviews are spent defending actions by him and his team that obviously are failing them and the good shareholders they represent. It is beginning to look pathetic, and I believe that CNBC analysts have begun to realize that the “stink” of it all is ascending over them, if they don’t hold Toni’s feet more to the fire on just why is he getting Apple stock price so very wrong.
Each interview lately Toni ends up literally apologizing for being errant.
I haven’t missed out.
But Cook spells out a different rationale: Apple’s silicon provides tighter integration between hardware, software and services. And Apple has built itself entirely on that formula: tight integration = unbeatable user experiences. Federighi demonstrated new smoothness as a tiny example of what the future holds. We won’t fully appreciate for some time until several iterations of the new Macs have rolled out.
In that context, impact on profit margins as a function of cost savings is utterly irrelevant. Sacconaghi’s focus on that is indicative of his larger problem: he can’t see where Apple is going beyond profit margins when every investor sees the future.
I would be sympathetic to an analysis that said, we are in the middle of a pandemic, so no one can predict long term. That said, if there was no pandemic our target would be more like $390+. But he didn’t say that.
Nonetheless Sacconaghi serves a useful function: as Apple’s top analyst critic, the poor quality of his analysis reassures me that Apple will do just fine.
Kavass might have been “entertaining” for being so freaking wrong. This is just stupid, like watching last week’s lottery numbers.
Now the shame has to be recognized for not giving up and clearing the air for someone else to speak.
Take your salary/retirement package and head for the hills!
“Why the top Apple analyst raised his price target to $370 a share”
I don’t get it. Apple went over $370 yesterday. Isn’t this like betting on a horse after the race was run?