Apple’s ‘darkest day’

MI5 · ‎03-01-2019

My heart is bleeding

Shares of Apple Inc. tanked Thursday, after the technology giant’s revenue warning triggered an avalanche of price target cuts by Wall Street analysts.

Half of the 41 analysts surveyed by FactSet cut their targets, some by as much as $100.

That knocked the average target down by about 13% to $187.03, from $215.91 on Monday, marking the lowest average target since it ended October 2017 at $179.32. The average rating remained at the equivalent of buy, as the new target was about 32% above current prices.

https://www.marketwatch.com/story/apple-stock-sinks-as-wall-street-cuts-target-to-14-month-low-after...

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Cleoriff · ‎03-01-2019

This has been on all news channels today.

They interviewed one mobile phone specialist on the BBC and he said he thought Apple fans were probably getting tired of paying £1000 for a device which failed to improve much year on year....

Veritas Numquam Perit

jonsie · ‎03-01-2019

Made me smile this morning.

A lot of people are cottoning on that there are superior products at half the price. Not that iPhone is a bad phone but I've never understood people buying into the Apple brand without ever looking what else is on offer.

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MI5 · ‎03-01-2019

The over £1000 price tag has finished it for many..... Will they learn though ?

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viridis · ‎03-01-2019

Hahahahahahahahaha!!!!!

that'll teach em.

sheep the lot o... oh wait

MI5 · ‎03-01-2019

lol

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Cleoriff · ‎03-01-2019

@viridis wrote:
Hahahahahahahahaha!!!!!

that'll teach em.
sheep the lot o... oh wait

Yeah yeah yeah...so says the guy who has just reviewed ~~the~~ Ipad Pro ....

Veritas Numquam Perit

Anonymous · ‎03-01-2019

Where’s the violin when you need it 😂

MI5 · ‎03-01-2019

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Anonymous · ‎03-01-2019

I'm not sure dropping a few quid is their darkest day. The day Microsoft bailed them out was much darker.

I don't think this will change their pricing policy as they're blaming China.. which is a shame because Apple & China both deserving bending over & ..