Bearish to Bullish Notes on Apple - MOSK: 04.12.2024

Mac OS Ken

Ken Ray

Technology

4.7 • 996 Ratings

🗓️ 12 April 2024

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

- Barclays Keeps "Sell" Rating and $158 AAPL Target - JPMorgan Cuts Apple Target to $210 - BofA Says Wall Street Keeps Missing Apple Strength in Gross Margins - Apple to Let Repairers Use Used, Paired Parts - Apple TV+ Announces Second Season of "Monarch," Plus Planned Spin-Offs - Spy Comedy "Argylle" Streaming Now on Apple TV+ - Historical Drama Series "Franklin" Starts on Apple TV+ - Sponsored by Manscaped: Get 20% off and free shipping with the code MACOSKEN at manscaped.com - Check Out the Latest Checklist by SecureMac - online at checklist.libsyn.com - Catch Ken on Mastodon - @macosken@mastodon.social - Chat with us in Patreon for as little as $1 a month. Support the show at Patreon.com/macosken - Send me an email: info@macosken.com or call (716)780-4080!

Transcript

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0:00.0	This is Mac OSKIN.
0:05.0	Notes running from bearish to bullish.
0:08.0	Apple makes notable self-repair change, and Monster News for Apple TV Plus.
0:18.8	It is Friday, the 12th of April, 2024.
0:22.1	I'm Kanray Ray and this is news from Maco-S Ken
0:28.0	brought to you by yours truly and sponsored by Manscaped.
0:33.0	Get 20% off plus pre-shipping with code MacoS Ken
0:38.0	at manscaped.com.
0:41.0	This show is also supported by people like you, patrons through Patreon.
0:49.0	Find out more and that in your support at Patreon.com slash Maco-S-Can.
0:58.8	With a target of $158, a headline from Apple 3.0 has Barclay's analyst Tim Long still telling clients to sell
1:08.9	Apple. Working from excerpts of a business insider report, the piece says the analyst has
1:14.9	Apple turning in a performance that is equal to or lower than quarters past.
1:20.0	While App Store revenue grew 12% last quarter in his estimation, that's basically the same growth seen the quarter before, meaning growth has plateaued again in his estimation.
1:34.4	He also thinks people are expecting too much in terms of growth for the June quarter.
1:39.8	The best E.C. for iPhone is meeting sales expectations, though he thinks weakness in China may knock
1:46.0	iPhone sales back.
1:48.3	The DOJ's case against Google could end up costing Apple a lot of money related to payments for Google's default search engine position in safari
1:57.9	The report revisits headwinds from China because why not?
2:06.7	The analyst is not expecting much from iPhone 16 neither in terms of design innovation nor differentiated AI applications.
2:13.0	Add all of that together with macroeconomic pressures and elongated replacement cycles,
2:19.0	and the analyst thinks it is time to get out of Apple, leading to the aforementioned cell rating
	...

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