Apple has finally managed to iPhone X production with demand, and while the device could soon become available for walk-in customers, analyst forecasts aren’t at all optimistic.
Nomura Instinet analyst Jeffrey Kvaal said in a note to investors that Apple’s stock might no longer grow beyond the existing point, despite the production struggles with iPhone X being resolved.
Kvaal has also downgraded Apple stock from buy to neutral, which as Bloomberg notes is the first time AAPL is being lowered since June.
“We argue that the stock’s gains for the iPhone X supercycle are in the late innings,” Kvaal explained. “We believe unit growth, if not quite Average Selling Price growth, is well anticipated by consensus and a historically full multiple.”
The analyst also explained that Apple’s Services unit, which has become a more important cash cow fo… (read more)
Source Link
Remember to like our Facebook and our twitter @macheatdotcom for a chance to win a free iPad every month!
Quick Links: How To Install Steam On Mac | Download Mac Apps | Read Mac Tutorials | OS X Server News | Mac Games | Download Rolex Watch Wallpapers | Download Mac Wallpapers
