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A downbeat note from Macquarie's Daniel Chang could be contributing to today's Apple (AAPL...

A downbeat note from Macquarie's Daniel Chang could be contributing to today's Apple (AAPL -2.1%) selloff. Chang, who covers Taiwanese names and is downgrading Foxconn (HNHAF.PK) to Neutral, has lowered his FQ1 (Dec. quarter) iPhone sales forecast to 44M from 48M, and his FQ2 forecast to 26M from 28M. Gene Munster, however, is his usual upbeat self: he notes Piper's latest survey of potential U.S. smartphone buyers found 53.3% thinking of getting an iPhone 5; an October survey reported 54.9%.
Comments (18)
  • Jan 24 will end all this bs.
    13 Dec 2012, 02:10 PM Reply Like
  • So true. So true!

     

    We had all this nonsense last year. Apple is a winner through and through!
    13 Dec 2012, 02:35 PM Reply Like
  • AMEN.
    13 Dec 2012, 03:21 PM Reply Like
  • Get ready for a long ordeal after Jan. 24.
    13 Dec 2012, 02:19 PM Reply Like
  • Can you see the end of the ordeal ( that you are mentioning ) and why do not you elaborate on that!
    13 Dec 2012, 03:20 PM Reply Like
  • And in the meantime every other "analyst" is giving AAPL a BUY and touting the amazing profits and projections.
    13 Dec 2012, 02:19 PM Reply Like
  • As long as the price goes down, we can buy some more for Christmas....!
    13 Dec 2012, 02:28 PM Reply Like
  • Do yourself a favor.This may seem fundamental but --- Every time you get an analyst comment on this or any other site,sort them and save them.After awhile you get a sense of who is on top of the situation and who is not.I have done this with the Apple commentary on CNBC(as much as I try not to watch).Maria Bartaromo is the best reverse indicator on Apple.She declared it DOA at 300 two years ago.Between Munster and this other guy I will bet on being right in the middle of their estimates.I am not an analyst;I am an investment advisor.Apple got overhyped,and now it is a pariah.Are they still going to sell a lot of product?You bet.Will their dividend grow?You bet.Have fun with the stock,but stock up on Dramamine.Good luck investing. Judoka
    13 Dec 2012, 02:44 PM Reply Like
  • I get all news from AAPLE every day as bad because the company is in a dry 12 month period ( there is no new product coming out ) and I still see many other companies are getting in ( Msft, RIMM, Nokia) with the iphone and then this other company (AMZN) all they have to do is they are still getting into another business and no body ask them any question about the gross margin. All this analysts know that 1st quarter of 2013 will be block buster, but they go on hair splitting every thing about AAPL because AAPL is big and they do not know how to evaluate this kind of business. I have seen iphone for the 1st quarter of 2013 to be as high as 60 million and and as low as 48 million.
    13 Dec 2012, 03:33 PM Reply Like
  • Review mine on here
    14 Dec 2012, 05:13 PM Reply Like
  • This is the annual wringing of the hands ritual, when some lose confidence in this great company. Last year, we had Ticonderoga's "Channel Checks" as the spark for a big sell-off. How did that work out? Oops, wrong number! It is now fashionable to dump on Apple, but the naysayers will be back on the bandwagon on 24 Jan.
    13 Dec 2012, 02:46 PM Reply Like
  • Honestly, if this quarter dissapoints, which is not unlikely given the expectations, it could present the buying opportunity of the decade.

     

    Look beyond products. The people at Apple can absorb all the negative press, they can hear their millions of fans clamoring for them to succeed. And like it or not. The debate over technological creativity in the consumer space centers around Apple.

     

    All of these forces, create a feedback loop unlikely any the tech world has ever seen that will force Apple to perform at a very high level.
    13 Dec 2012, 02:52 PM Reply Like
  • They can say what they want, there is still a massive market for their products and a run on the IPad mini for Christmas, can't wait for the figures in Jan. Roll on the next new product, they've done we'll hiding it from the copycat killers so far......!
    13 Dec 2012, 03:22 PM Reply Like
  • My article is vindicated. $420 coming soon?
    13 Dec 2012, 04:48 PM Reply Like
  • "A downbeat note from Macquarie's Daniel Chang could be contributing to today's Apple (AAPL -2.1%) selloff."

     

    How about this...the decline from over $700 is the contributing factor to today's decline. Today's decline is the proverbial skid mark in comparison to the 172 decline since the September 19th peak. At this point, Chang is pointing out the obvious more than anything else, making the Apple bulls more astute than the analysts.

     

    Regards.
    13 Dec 2012, 04:48 PM Reply Like
  • More Asian supply chain "bad news" -- Danger manipulators at work
    13 Dec 2012, 09:44 PM Reply Like
  • What gets me about all the naysayers is "How do they know what's going to happen." I sticking with Apple. It has performed in the past and will continue to do so.
    14 Dec 2012, 03:34 AM Reply Like
  • Yeah if they miss earnings could get ugly in short term but mobile space is growing and growing, 75 million new mobile subscribers in China and India alone every quarter, smartphones are only 15% of the global mobile market now, plenty of room for all of them to continue growing
    14 Dec 2012, 05:46 AM Reply Like
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