% | $
Quotes you view appear here for quick access.

Intel Corporation Message Board

  • paul.ottelini paul.ottelini Jul 24, 2013 12:35 AM Flag

    So what will Goldman say about Apple ipad sales?

    Here's what they said about Intel's results recently.
    Maintains a Sell rating and a $16 price target. “Intel lowered its full-year forecast, and this is the fourth time in the last five quarters that Intel has guided out- quarter sales below the Street. We believe Intel has had to guide down so frequently because its full-year outlooks have been too high. We attribute this to management struggling to accept how cannibalistic tablets and handsets are to PCs.

    While Intel's PC client group sales dropped by about 7% year over year even with average prices being very stable, Apple's iPad sales dropped 14% year over year with their prices dropping as well.
    How can Goldman Sachs look straight in the eye of its investors and claimed that tablets are clearly cannibalizing PC sales? Comparing apples to apples, Apple's own Mac sales dropped far less in percentage terms year over year than did their tablet sales. So tablets cannibalizing PC sales makes no sense with iPad's recent sales results.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
28.42+0.70(+2.53%)Aug 28 4:00 PMEDT