Credit Agricole's Avi Silver "downgrades" Apple (AAPL) to Outperform from Buy, while lowering...

Credit Agricole's Avi Silver "downgrades" Apple (AAPL) to Outperform from Buy, while lowering his PT to $505 from $575. Silver expects iPhone sales to be weak in the June quarter thanks to growing competition ahead of a 5S launch (presumably the Galaxy S IV takes center stage here). He also doesn't expect an iPhone with a larger screen, which (like others) he considers "much needed," to arrive this year. Shares -0.8%. (Berenberg)

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Comments (21)
  • bmwr1200c
    , contributor
    Comments (426) | Send Message
    really another downgrade. I guess people up upgrade or downgrade never really walk out of their office and look around.
    Peter lynch suggested Malls are the best place to see which products people like and whats the shopping trends. to figure this out you don't need super computers and financial tools.


    I still see lot of people holding iPhones compared to Samsung. I saw few people holding a big screen phones man they look uncomfortable in the hand, I am sure they are not comfortable in the pants either.


    A request to other analysts, please please downgrade apple as much as you can. So that the price falls below 400 and I can buy more of apple shares.
    11 Mar 2013, 09:51 AM Reply Like
  • brianngaibh
    , contributor
    Comments (126) | Send Message
    pls make sure what phones they were holding, 4s or 5? in hong kong i see people holding mainly 4s or earlier not much 5. looks like 5 is not selling.
    11 Mar 2013, 11:17 AM Reply Like
  • Ohrama
    , contributor
    Comments (569) | Send Message
    Malls and you want folks to keep going to the malls in 2013 and learn from there! But for all the Fed. intervention during the last 5 years, they would be the ghost towns of USA.
    11 Mar 2013, 11:36 AM Reply Like
  • XRTrader
    , contributor
    Comments (734) | Send Message
    bmwr1200 - this is expected. Whenever a stock drops in price you can expect the "downgrade police" to come out and adjust their estimates down. Analysts don't like being "wrong" - so if the stock is going up the price targets are adjusted up and if the stock is going down the targets are adjusted down.
    11 Mar 2013, 01:16 PM Reply Like
  • pagreen1966
    , contributor
    Comments (661) | Send Message
    True what they say about analysts. They are just looking in the rear view mirror and seeing the price action in the recent past. These same muppets will be upgrading the stock to the heavens in a few months time when it surges again!
    11 Mar 2013, 09:58 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10717) | Send Message
    Analysts were invented to make weathermen look good !!
    11 Mar 2013, 10:21 AM Reply Like
  • aardvark3
    , contributor
    Comments (690) | Send Message
    A sure sign that AAPLis bottoming.
    11 Mar 2013, 09:59 AM Reply Like
  • Ben Bernankes friend
    , contributor
    Comments (475) | Send Message
    Like it was at 6 and 5 hundred? or is this different now that its closer to 400?
    11 Mar 2013, 01:17 PM Reply Like
  • jimgutner
    , contributor
    Comments (72) | Send Message
    It is truly amazing that anyone would listen to analysts/commentators like this. Is he making money or losing it for his clients? Let me guess. Yet it is interesting how much attention the media gives these guys. Maybe if they fired guys who have records such as his and kept the ones making good calls, the industry would cull out the bad and keep only the better one. Then again, over time they might fire all the analysts.


    The bigger question is why do we pay or listen to people who are just trying to call the flip of a coin?
    11 Mar 2013, 10:38 AM Reply Like
  • deercreekvols
    , contributor
    Comments (9848) | Send Message
    The title for the market changed from: Another Apple Downgrade to the current: A Curious Apple Downgrade


    I propose: Another Curious Apple Downgrade


    Sadly, all that analysts need to do to draw attention to themselves is to comment on Apple.


    Why analysts are paid for "calls" like this is even more curious to me.
    11 Mar 2013, 10:43 AM Reply Like
  • Peter Moore
    , contributor
    Comments (6) | Send Message
    A cynical investor might suggest that these analysts downgrades to what is a screaming buy are designed to scare out the retail investor so their employers - the merchant banks can pick up the stock cheaply. I would suggest no such thing as I find the rating changes a very useful guide.....I just do the opposite
    11 Mar 2013, 11:50 AM Reply Like
  • pman6
    , contributor
    Comments (270) | Send Message
    the apple hype is beyond dead. it is sad.


    i hope one day the hype returns.
    11 Mar 2013, 11:53 AM Reply Like
  • pocohonta
    , contributor
    Comments (662) | Send Message
    Avi Silver the "Johnny come lately". If he is really good at predicting, then he should've downgraded the stock half a year ago before the 300 point fall.


    Samsung S4 is going to take away market share from BB Z10 and iPhone in the short term... The dual-SIM feature is something we haven't seen here in the USA, although it is popular in HK/China border, where people must otherwise switch SIM chips when they cross the border to get to work.
    11 Mar 2013, 12:03 PM Reply Like
  • blueice
    , contributor
    Comments (4179) | Send Message
    " Avi Silver, should be a metal broker....
    11 Mar 2013, 12:27 PM Reply Like
  • brianngaibh
    , contributor
    Comments (126) | Send Message
    dual sim is not really needed if you go for china mobile hk. cmhk offers 1 card 2 numbers, like me, i have 1 sim but a hk and a china number. therefore service provider can overcome the hardware provision.
    11 Mar 2013, 12:56 PM Reply Like
  • Remyngton
    , contributor
    Comments (343) | Send Message
    AAPL falls from $710/share to $430/share ..... and he downgrades it now ?!?!?!?!?


    Thanks for the timely help


    CLSA was much , much better when Goldman and Posner ran US Equities


    11 Mar 2013, 12:15 PM Reply Like
  • davioud
    , contributor
    Comments (32) | Send Message
    do not understand why apple management is against bigger screen when tons of users are asking for it. it is not beyond their technological means
    11 Mar 2013, 12:29 PM Reply Like
  • John1138
    , contributor
    Comments (161) | Send Message
    They already provided a bigger screen: the LTE iPad mini.
    11 Mar 2013, 06:20 PM Reply Like
  • blueice
    , contributor
    Comments (4179) | Send Message
    Avi Silver, writes hear at SA, with his beat being the silver future markets and Apple...


    He is an Elliot Wave rider...

    11 Mar 2013, 12:40 PM Reply Like
  • Remyngton
    , contributor
    Comments (343) | Send Message
    Avi Silver ... not Avi Gilburt
    11 Mar 2013, 01:58 PM Reply Like
  • blueice
    , contributor
    Comments (4179) | Send Message
    Thank you for the correct, Remyngton, I am, however, disappointed with that...
    11 Mar 2013, 03:06 PM Reply Like
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