He has zero credibility. ZERO. 0. All of the "experts" were including the 5C in their estimates and were all low estimates because they had bought in to Misek's claim that there were "SEVERE" supply constraints and that the supply of 5S phones were "outrageously" low. Where are those "geniuses" now explaining their statements???
There too busy trying to get them back in to their old darling Blackberry. Double whammy. Told them to short or sell Apple and buy BBRY. AND they are PAYING these analysts for their "expertise"!
That headline should be on Yahoo. It's 100% correct, but they'd rather give press space to people like Misek who was off by 100% on his estimate.
Nine million sold in 3 days is a sales rate of 3 million per day. Do the math. I know it won't happen but it's pretty cool that Apple can say that. No other phone company can.
9 MILLION made and sold in THREE DAYS - 3 MILLION PER DAY! That's a rate of 1 BILLION PER YEAR. Yeah, I know that's not going to happen by it's clever. :-)
Everyone should sell until the Analysts can figure out a way to save face and turn their wrong opinions in to right opinions. Maybe they should just say they were all at a Samsung conference when they made their last predictions and were spellbound and couldn't think straight. Or they could say that their Android phones had too many bugs and they couldn't gather the data they need to make more accurate estimates.
You know it is going to happen. Android numbers are going to be coming down every month moving forward and Apple iphone numbers are going to go up every month. China Mobile has to be getting very anxious to get on board the Apple boat soon as they now that Chine Telecom and Unicom are taking away more of their high end profitable clients every day they don't offer the iphone. Expect China Mobile on board within 30 days.
You know that Cramer is going to have a 20 minute segment on Apple tonight and pump the s out of it. Will probably jump $5 on his pump and price target.
Exactly. That's why he and other analysts who underestimated this weekend are desperately trying to bring the price down to save their negative customers money and to try and get in cheaper ahead of a "record-breaking" July-Sept Quarter and an enormous Oct-Dec quarter.
Negative on Margins??? What? Since when? For the last TWO WEEKS everyone has been saying that their margins should improve but they were worried about supply constraints and total sales volumes! Now that sales volumes are there, time to go back to a "concern on margins". Whoever said that, you should never ever listen to what they say again. They have ZERO credibility.