Apple is short of analysts again: 5g super cycle will not appear

category:Finance
 Apple is short of analysts again: 5g super cycle will not appear


Apples recent rebound has to do with the upcoming 5g phone, but Wolfe research said: we think the iPhone 12 orders in Apples supply chain are basically the same as last years iPhone 11 orders. IPhone sales slowed sharply during the 2008 recession, a trend that suggests a similar weakness in the current economic environment.

Apple has rebounded more than 70% from its march low. But Wolfe research believes that Apples fundamentals over the past few months cant support such a rebound..

Goldman Sachs also warned investors this week to avoid Apple shares, predicting that earnings per share in fiscal 2021 will be 16% lower than market expectations due to slower sales, average selling prices and unit growth. Due to uncertainty over the popularity of the new crown and the possible delay in the release of 5giphone, Goldman Sachs does not believe Apple will provide guidance for the next quarter. Goldman Sachs maintained Apples sell rating, but raised its target price to $299 from $263. Earlier this month, Deutsche Bank admitted that it was surprised by the speed and magnitude of the rebound in Apples share price and said the move made us nervous.. It is worth noting that although companies such as Wolfe research and Goldman Sachs are bearish on apple, there are still a number of investment banks giving apple an overweight rating. Source: interface news editor: Yang Zeyu_ NF6036

Goldman Sachs also warned investors this week to avoid Apple shares, predicting that earnings per share in fiscal 2021 will be 16% lower than market expectations due to slower sales, average selling prices and unit growth. Due to uncertainty over the popularity of the new crown and the possible delay in the release of 5giphone, Goldman Sachs does not believe Apple will provide guidance for the next quarter. Goldman Sachs maintained Apples sell rating, but raised its target price to $299 from $263.

Earlier this month, Deutsche Bank admitted that it was surprised by the speed and magnitude of the rebound in Apples share price and said the move made us nervous.. It is worth noting that although companies such as Wolfe research and Goldman Sachs are bearish on apple, there are still a number of investment banks giving apple an overweight rating.