This is MacOS.C.C.C.C.C.C.C.C.N. A bearish take on Apple. Positive notes on iPhone and services services and reviews are out for this

week's Macbook Pro. It is Thursday the 23rd of June 2022. I'm Ken Ray and

this is news from Macawes Ken brought to you by yours truly and sponsored by

notion one workspace for your whole team learn more and get started for free at notion.

dot com slash mecko-o-Sken.

This show is also supported by people like you.

Patrons through Patreon.

Find out more and add your support at Patreon.

dot com slash Macoess can.

Earlier this week,

Wed Bush analyst Daniel Ives

made the case that tech stocks are oversold and that a mild recession is

already baked into Apple shares at their current levels. No it isn't, indicates a

piece from the Wall Street Journal citing the thinking of Bernstein

research analyst Tony Sakanagi. The journals Dan Gallagher sounds bearish on the

market in general making him particularly so on Apple. The way he sees it, the current price of

Apple shares reflects a steadfast belief that gadget buyers won't be hanging up on

the iPhone, still Apple's most dominant product or the company's other devices

in the event of a sharp global economic downturn that a growing number of experts and

chief executives are projecting.

The company has indeed managed through recessions in the past.

The piece continues, though the past two happened to coincide with product launches that ultimately

...