Collin Gillis from BGC shits on Apple hard today, comparing the fundamentals of their business to the dead PC business. He noted how iPad revenues were down for 9 consecutive quarters and how the iPhone has been one giant bore, not to mention the monumental squandering of cash by its inept CEO, Tim ‘Single and Looking” Cook.
The lengths of Gillis’ ire grows deep and with the vengeance of 10,000 boiling volcanos. He believes the next $100b of value in Apple is, inexorably, to the downside.
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I guess some big guy wants to buy AAPL on the cheap.
Sounds about right. How much better does your iPhone really need to be?
I have a great admiration for Apple products. But agree to an extent that growth in the near term will be limited. As og stated, I can’t imagine the need for me to upgrade from my 6s plus. This comes from one who, in the past, has upgraded every 18 months. I have to think that if I am in this mindset, many others will be too.
I upgrade every year and am not sure if I will be this year. Waterproofing and a better camera would be nice, but it seems Apple is saving the real changes for 2017.
Yes, thought about the lifeproof case for my iphone…..but too bulky. If apple made a waterproof iphone, would have to upgrade
Sell $AAPL. Buy $CSCO.
Gillis has a Buy rating on Blackberry. Take that any way you’d like to.
Very happy to not have an iphone anymore after 4 or 5. Switched to a Note and couldn’t be happier.