Citi downgrade or not, it's relief rally time for many (though not all) Apple suppliers: the...

Citi downgrade or not, it's relief rally time for many (though not all) Apple suppliers: the group was clobbered on Thursday and Friday as negative supply chain/order data came in. CRUS +4.3%. BRCM +1.4%. QCOM +2.4%. AVGO +1.5%. SWKS +3%.
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Comments (6)
  • lorvic1
    , contributor
    Comments (94) | Send Message
    Let me get this straight. Apple increased orders for the current quarter from suppliers 45-50%. From that high number they cut orders for the post-christmas quarter 20%. That leaves a gain of some 30%. That is supposed to be bad news? I will take a 30% revenue growth any day.
    17 Dec 2012, 10:32 AM Reply Like
  • SAedwards
    , contributor
    Comments (7) | Send Message
    QCOM is Switzerland. It doesn't matter which phones win, it will have QCOM chips in it.
    17 Dec 2012, 11:04 AM Reply Like
  • deercreekvols
    , contributor
    Comments (9849) | Send Message
    Citi has no credibility, in my opinion.


    They based their downgrade on how long the lines were at the Apple Stores in China and believed that there was only one person buying the iPhone. "Bad news from China, let's be the first to downgrade Apple." Whoops.


    When Citi initiated coverage in November (what took so long to cover Apple) they rated Apple a strong "buy." Are they analyzing Apple or playing rock, scissors, paper to determine the rating?


    2M iPhones sold over the weekend says all you need to know about Citi's downgrade.
    17 Dec 2012, 06:13 PM Reply Like
  • samooha
    , contributor
    Comments (13) | Send Message
    Completely agre. Citi's antics have been laughable, at best. They are an embarassment to an already embarassing analyst establishment. Initiating a buy then changing that to a neutral a mere few weeks later...
    18 Dec 2012, 02:41 AM Reply Like
  • johnanexta
    , contributor
    Comments (68) | Send Message
    Amazed with the flip flop on their view in such a short time, they should be politicians. Is there anywhere one can go to see the track record of analysts and how accurate or inaccurate analyst calls have been in the past?
    18 Dec 2012, 03:24 AM Reply Like
  • mitrado
    , contributor
    Comments (2033) | Send Message
    That's why you should SELL AAPL when analysts rate it as BUY and increase their price targets, you should BUY NOK when they rate it as SELL... and buy back AAPL when they Downgrade it after the drop.


    Staying on the boat and following their advice will only make you lose money and kick your own head in the end...
    18 Dec 2012, 06:02 AM Reply Like
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