he is a miserable analyst. Not just becuase he downgraded Apple(everybody is doing that). He is bad becuase he had a 900 price target in August which made him near the top and now he is next to the lowest at 420. He will be miserably wrong on both ends(although he might hit his low target for a day). His low target will mark the absolute bottom. His analysis is horribly inept. It assumes the following:
1.) Apple will still have "moderate" growth in the Iphone but that isn't enough to increase the share price??????
2.)Apple has no other source for growth. Not Ipad or Itunes or IMac or any new products or services to offer whatsoever
3.) TC can't even make his first ever "real" forecast of revenues and margins in fiscal Q2.
The street is ignoring this guy because he should be. In fact he is thief for accepting a paycheck.