Actionable news
0
All posts from Actionable news
Actionable news in AAPL: Apple Inc.,

Why Apple Earnings May Be Underestimated

Apple Inc. (NASDAQ: AAPL) is scheduled to report its fiscal fourth-quarter financial results on October 27. Despite it underwhelming over the past quarter due to macro concerns from China or a perpetual fear of declining iPhone shipments, one key analyst believes that Apple’s earnings potential may be undervalued.

Success in the past may present a tough year-over-year comparison for this quarter, but Oppenheimer believes this to be shortsighted. Instead, the firm believes that Apple’s unique advantages in ecosystem and user experience protect it from a slower smartphone market and macro concerns. Oppenheimer expects Apple to continue to grow iPhone shipments in fiscal 2016 and beyond.

Oppenheimer sees the stock as unfairly undervalued on exaggerated fears over long-term iPhone shipment trends and lack of...


More