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ACI Research's Edward Zabitsky, who has a Sell and $270 PT on Apple (AAPL), says he believes...

ACI Research's Edward Zabitsky, who has a Sell and $270 PT on Apple (AAPL), says he believes Samsung (SSNLF.PK), which reports in a week, sold over 40M smartphones in Q1, well above the 30M-33M iPhone shipments many expect. He also thinks Samsung's massive internal sourcing of components makes it the smartphone market's cost leader. But given the iPhone's huge margins, Android vendors have more to worry about this than Apple. (also)
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Comments (5)
  • mogando
    , contributor
    Comments (313) | Send Message
     
    just seeing the $270 PT this "analyst" has lost all creditbility.

     

    This idiot also forgets that Samsung can match Apple's BOM, but their ASP globally (across all smartphones, not just the flagship ones) is waaaaay lower than Apple's ~$650.

     

    A $270 price for AAPL implies P/E of 7.7x against ACTUAL trailing earnings. Good luck justifying that low valuation on a company that's not imploding like RIMM or NOK
    20 Apr 2012, 09:45 AM Reply Like
  • kevin1533
    , contributor
    Comments (18) | Send Message
     
    Someone must have hacked into his account. No other explanation for 270.
    20 Apr 2012, 10:58 AM Reply Like
  • rubicon59
    , contributor
    Comments (1438) | Send Message
     
    Did he train at the Guano School of stock price forecasting?
    20 Apr 2012, 11:28 AM Reply Like
  • Wall Street Smart
    , contributor
    Comments (474) | Send Message
     
    I think seekingalpha should not highlight this as a newline rather filter it as spam. 270 for a company that can atleats report 45 bucks in earnings this year with 100 bn in cash and counting
    20 Apr 2012, 12:52 PM Reply Like
  • phdinsuntanning
    , contributor
    Comments (1289) | Send Message
     
    android is approaching appl smartphonse market share,
    I know is not for anyone stomach but I am short the appl thing
    20 Apr 2012, 01:08 PM Reply Like
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