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To: Ms. Baby Boomer who wrote (1661)12/19/2017 8:05:43 AM
From: Ms. Baby Boomer  Read Replies (1) of 1746
An analyst downgraded Apple stock
because of 'historical patterns'...

Jeffrey Kvaal, an analyst at Nomura's Instinet brokerage agency, sent out a note this morning warning about Apple's supposed slowdown, and moved the company's stock rating from a "Buy" down to "Neutral." "We argue that the stock's gains for the iPhone X supercycle are in the late innings," the note reads. "We believe unit growth, if not quite ASP growth, is well anticipated by consensus and a historically full multiple."

And that's not all; Kvaal also noted that Apple's services arm, albeit being a growing business, still only accounts for about 15% of the company's overall operations. And, most of all, it's dependent on hardware sales....

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