iPhone enters supercycle, watch demand second to none

Barrons:

Morgan Stanley’s Katy Huberty and her team take a look at Apple today, writing that they raised their revenue and earnings per share estimates by 2% for 2018, and raised their price target $5, to $199.

Their bullishness comes from a couple of factors.

Interesting predictions on a supercycle and Watch demand. I bet they come true.



  • AAPL.To.Break.$160.Soon.>:-)

    As an Apple shareholder I can only hope for the best but truthfully, I don’t think Apple is going up much higher. I’m looking at how the FANG stocks are performing and they’re on fire. It appears as though Apple got sprayed with a fire-retardant because the stock is going nowhere even as the stock market is climbing. Both Amazon and Google got share price targets of $1350 (absolutely amazing). Netflix is nearly kissing $200 a share. Those stocks look like they’ll continue to perform. Meanwhile, Apple is still surrounded by huge amounts of negativity concerning iPhone sales. Some analysts claim supercycle and others claim no supercycle. It’s downright sickening when even Microsoft outperforms Apple in terms of share gains.

    I’m not betting against Apple because that only hurts my investment, but Tim Cook honestly doesn’t seem like a CEO that’s very anxious to grow Apple’s revenue. I was counting on corporate tax reforms to boost Apple share gains this year, but I see that’s not going to happen in 2017. Predictions don’t always come true and I always take Apple predictions with a grain of salt.

    • Mo

      That you’re using a Jim Cramer acronym tells me a lot about how seriously to take you.

      “Tim Cook honestly doesn’t seem like a CEO that’s very anxious to grow Apple’s revenue”

      I’m guessing you’re wrong about that. Let’s reconnoiter here a year from now and see how your assessments shook out.

  • James Hughes

    I wonder if a split is coming?

  • John Kordyback

    Damn. I actually thought they were building a SuperCycle.