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Posted January 27, 2016 by FTM Staff Analyst in NEWS
 
 

Apple Beats But Guidance is Weak

Apple Inc. (AAPL) fell after forecasting decline in sales for the first time in more than a decade, adding to more evidence that the market for smartphones is becoming saturated.

AAPL results were better than what analyst feared however, the stock might sell off because of weak revenue guidance. Apple pointed out that both the US and Japan trended weaker than expected in FQ1. This, combined with ongoing weakness in other countries, is driving the lower revenue expectation.

We are seeing analysts that cover AAPL mostly continue to recommend the stock albeit some analyst are slightly reducing their price target.

Please check AAPL page here

 

FTM Staff Analyst

 


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