Seeking Alpha

More on Apple: Berenberg's Adnaan Ahmad has downgraded shares to Sell from Buy, while also...

More on Apple: Berenberg's Adnaan Ahmad has downgraded shares to Sell from Buy, while also cutting his rating on Samsung (SSNLF.PK). With smartphone growth now fueled by emerging markets, "Apple and Samsung margins are peaking and growth is going to be driven by the margin-dilutive mid-to-low-end segment," he argues. Also, Citi has cut its PT to $480, citing weaker iPhone 5 and regular iPad demand. Citi, which cut Apple to Neutral in December, now expects March and June quarter iPhone sales of 34M and 25M, below a consensus of 37M and 32M. AAPL -0.2%.
Comments (23)
  • KISS_investor
    , contributor
    Comments (334) | Send Message
     
    talk about showing up late to the hangover...

     

    remember all the silly pile on analysts reports when apple was a rocket ship?

     

    this is my buy signal...i'm in today with a leap or two...maybe reaching for a falling knife but only risking a flesh wound...
    6 Mar 2013, 09:45 AM Reply Like
  • Tommy_Finger
    , contributor
    Comments (320) | Send Message
     
    Buy high, sell low. Thanks, guys.
    6 Mar 2013, 09:46 AM Reply Like
  • asavi4
    , contributor
    Comments (15) | Send Message
     
    contrarian. this means C etc trading desk is now buying
    6 Mar 2013, 09:46 AM Reply Like
  • alexs135
    , contributor
    Comments (7) | Send Message
     
    Citi cut their PT to $480 not $400
    6 Mar 2013, 09:52 AM Reply Like
  • Artaqq
    , contributor
    Comments (108) | Send Message
     
    Yawn. Wake me when we're there.
    6 Mar 2013, 10:12 AM Reply Like
  • RaulReina
    , contributor
    Comments (35) | Send Message
     
    Who the hell is Berenberg??? First time I hear about them..
    On the other hand, it is the eight time within a year that Citi change its view about Apple... What a high quality coverage!! It is a shame!
    Time to buy..
    6 Mar 2013, 10:16 AM Reply Like
  • Artaqq
    , contributor
    Comments (108) | Send Message
     
    Ah...I get it now! Mr. Ahmad has Microsoft ties...shocker.

     

    "Scrap the company’s Meego OS and forge a Windows Phone 7 hardware alliance with Microsoft. Otherwise, prepare to be eclipsed once and for all by the upstart rivals that have already bested you in the smartphone space."
    That’s the gist of Berenberg Bank analyst Adnaan Ahmad’s open letter to Elop and former colleague Microsoft CEO Steve Ballmer.
    6 Mar 2013, 10:17 AM Reply Like
  • aardvark3
    , contributor
    Comments (426) | Send Message
     
    So many shocked faces!
    6 Mar 2013, 10:21 AM Reply Like
  • dorin tabacaru
    , contributor
    Comments (9) | Send Message
     
    i am tired to receive these kind of messages....very intuitive to sell at 425....instead of 700.....
    6 Mar 2013, 10:20 AM Reply Like
  • rperson
    , contributor
    Comments (367) | Send Message
     
    Citi analysts are a joke
    6 Mar 2013, 10:22 AM Reply Like
  • JUDOKA
    , contributor
    Comments (406) | Send Message
     
    All analysts are a joke;especially posters on this website who think they are analysts.
    6 Mar 2013, 01:05 PM Reply Like
  • bgold1955
    , contributor
    Comments (2031) | Send Message
     
    I think aapl longs (me) must be patient for rest of year.
    6 Mar 2013, 10:22 AM Reply Like
  • CautiousOne85
    , contributor
    Comments (44) | Send Message
     
    Analyst "sell" ratings are the best buy signals you can ask for.
    6 Mar 2013, 10:26 AM Reply Like
  • Glenway Fripp
    , contributor
    Comments (953) | Send Message
     
    This Post buy Seeking Alpha is full of Lies! Citi Maintained a neutral rating! They did not lower their rating from Buy to Sell! And, confirming a previous comment, They reduced their target to $480.
    SA! DO NOT POST BAD INFORMATION!!!!!!

     

    Quote fro Value Walk: Apparently A more reliable news source than SA:

     

    "Apple Inc. (NASDAQ:AAPL)’s iPhones and iPads don’t appear to be selling as well as expected, according to Citi analysts. In a report issued to investors this morning, they lowered their price target for the stock from $500 per share to $480 per share and maintained their Neutral rating on Apple Inc. (NASDAQ:AAPL) stock. They also reduced their sales estimates for both the iPhone and the iPad. The analysts’ concerns about weak iPhone demand are a continuation of worries from earlier in the current quarter."
    6 Mar 2013, 10:27 AM Reply Like
  • Stephen J Melnykevich
    , contributor
    Comments (1245) | Send Message
     
    Glen you are right

     

    Barclay's Ben Reitzes lowered his Apple price target to $530 from $575 after meeting with two senior VPs -- Phil Schiller and Peter Oppenheimer -- although he insists that his 8% reduction had nothing to do with what they said. He actually came out of the meeting convinced that, as he put it, "Apple's ecosystem is solid – and has room to grow in both existing and new devices."
    6 Mar 2013, 01:09 PM Reply Like
  • RaulReina
    , contributor
    Comments (35) | Send Message
     
    "Apple Inc. (NASDAQ:AAPL)’s iPhones and iPads don’t appear to be selling as well as expected, according to Citi analysts"

     

    Wow what a hard facts!
    6 Mar 2013, 03:16 PM Reply Like
  • cshoxie
    , contributor
    Comments (278) | Send Message
     
    I'd be happy to see 480 at this point.
    6 Mar 2013, 10:31 AM Reply Like
  • kleemc
    , contributor
    Comments (107) | Send Message
     
    Everyday, I'm bombarded by these Buy-Sell-Buy-Sell recommendations on AAPL. It started off as entertainment to me but now it has become a nuisance. Only 10% of them give good insights. The rest are just junk - people joining the queue to give useless opinion. I thought the community in SeekingAlpha has higher quality.
    6 Mar 2013, 10:35 AM Reply Like
  • bmwr1200c
    , contributor
    Comments (176) | Send Message
     
    I guess when its not your money on the line then buy high sell low and take commission / salary strategy works just fine.

     

    When you are managing your own money and do not get salary , bonus and commission then we have to stick to conventional wisdom of buy low sell high.
    6 Mar 2013, 10:38 AM Reply Like
  • trektime01
    , contributor
    Comments (4) | Send Message
     
    Where were these geniuses when the stock hit the 700 button and the fundamentals broke down?? The sell button should have been hit some time ago. This call to sell at the bottom is typical. I doubt that it's over for AAPL.
    6 Mar 2013, 11:02 AM Reply Like
  • XRTrader
    , contributor
    Comments (609) | Send Message
     
    Trektime - GOOG was at $840, and people screaming Buybuybuy! Analysts just upgraded it to $1000. SA article says $1200. And, yet, when it was $550 (not too long ago), analysts were pretty quiet and I read many articles talking about what a bad CEO Brin was and how the company could not make the transition to mobile.

     

    Take Home Point: The market is like a heard of sheep. And, it will overshoot in both directions on a whole-market and individual stock basis.
    6 Mar 2013, 03:26 PM Reply Like
  • TVincent
    , contributor
    Comments (16) | Send Message
     
    If Apple had a dime for every word every written about it. . . . .

     

    There are many headwinds and an unknown upside in Apple. The smartphone market has peaked, China's real estate bubble will burst soon causing mass chaos, especially for companies like Apple. They won't go out of business, but it's going to be difficult to rally consumers or stock buyers to buy their shares. I don't think a gee whiz watch or an expensive TV is going to make a difference for them. Buy it now if you like the dividend (I think it's still too low), buy at $350-375 if you like a bargain or a good value stock or sell puts if you think it can't go much lower. Otherwise, doesn't seem to be a reason to initiate or increase positions as the upside is unclear. When it becomes clear, reevaluate and consider going long. (Disclosure: I don't hold any positions in Apple at this time.)
    6 Mar 2013, 01:18 PM Reply Like
  • trektime01
    , contributor
    Comments (4) | Send Message
     
    XRTrader: You are so right about Google. Analyst beat the stock up pretty bad. You need a strong constitution and large Guevos in this market. Glad to see you hung in there for big profits!
    8 Mar 2013, 03:37 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|