Views on Apple's 'Biggest Miss in Years'
- January 4, 2019
As of 01/04/2018
Apple gave a sudden warning to investors and lowered its first-quarter revenue guidance
Apple’s warning resulted in the stock falling 9% since the Wednesday, January 2nd close at $157.92 per share.
Oppenheimer analysts were quoted on CNBC as saying that Apple's announcement “raises more questions than answers,” such as;
- What is wrong in China?
- Where does the iPhone go from here?
- Is it clear yet that Apple has a gross margin problem?
Our Analysts added that “the calming effect and what drives earnings growth in our model is capital returns. We remain solidly on the sideline as we continue to believe investors are not pricing in longer-term risks.”
For more perspective on Apple and what this could mean for your investment outlook, contact an Oppenheimer Financial Advisor.