Navigation
Search
|
Gene Munster: There’s a disconnect between the fundamentals of Apple and the headlines
Friday January 4, 2019. 08:44 PM , from Mac Daily News
“As Apple slowly recovers from the melee over its China revenue miss, one analyst is calling for more optimism about the tech giant given its strong fundamentals,” Aarthi Swaminathan writes for Yahoo Finance. “Gene Munster, longtime tech analyst and Loup Ventures managing partner, is still bullish on Apple stock for ‘the simple reason is that the fundamentals [and] the competitive landscape really hasn’t changed here.'”
“Munster’s belief is that there’s a ‘disconnect between the fundamentals of Apple and the headlines,’ because the company is on track to report its best earnings quarter in the history of the company — despite the miss,” Swaminathan writes. MacDailyNews Note: Apple’s best revenue quarter ever was holiday 2017 (fiscal Q118) with $88.29 billion. In the now infamous “Letter from Tim Cook to Apple investors,” Cook wrote that Apple expects “revenue of approximately $84 billion” in Q119 (holiday 2018) and “to report a new all-time record for Apple’s earnings per share.” “Wednesday may have been arguably one of the ‘darkest days in Apple’s history,’ but Munster believes that fears over a China slowdown are likely to subside soon under Cook’s leadership,” Swaminathan writes. “‘That cash [from the projected earnings] is something that Tim Cook has control of and he can use that to incentivize the stock,’ Munster said. ‘People don’t really wanna hear it today, but the business is actually doing really well.'” Read more in the full article here. MacDailyNews Take: “There’s a disconnect between the fundamentals of Apple and the headlines.” What else is new? As we wrote on Wednesday, “The good news: This too shall pass.” SEE ALSO: Is the cult of Apple over? Tim Cook faces a struggle to revive the spark – January 4, 2019 Tim Cook’s defining moment as Apple CEO – January 4, 2019 2019 is make or break for Apple as CEO Tim Cook tries to save his legacy – January 4, 2019 $452 billion goes poof: Apple’s market value decline since peak easily exceeds the value of nearly any U.S. company – January 4, 2019 Wall Street analysts slash Apple target prices – January 3, 2019 Advisor to President Trump: Apple’s sales should pick up when U.S.-China strike trade deal – January 3, 2019 Two things Tim Cook just did that make Apple look guilty today – January 3, 2019 CEO Cook issues memo to employees after Apple slashes revenue outlook for the first time in almost two decades – January 3, 2019 Apple’s earnings warning means CEO Tim Cook now has a major credibility problem – January 3, 2019 Loup Ventures: We continue to expect AAPL to outperform the rest of FAANG in 2019 – January 3, 2019 Open thread: Does Apple need new leadership? – January 2, 2019 CEO Tim Cook on why Apple lowered first-quarter revenue forecasts – January 2, 2019 Apple CEO Tim Cook issues public letter to investors, lowers guidance – January 2, 2019
macdailynews.com/2019/01/04/gene-munster-theres-a-disconnect-between-the-fundamentals-of-apple-and-t...
|
46 sources
Current Date
Nov, Fri 1 - 02:32 CET
|