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   Why Apple shares took a nosedive
Why Apple shares took a nosedive
Apple shares suffered their sharpest fall in eight years Monday morning on the word of two analysts — including one whose record predicting the company’s performance is mixed at best. By 10:30 a.m ET the stock had dropped 16%, wiping out more than $18 billion in the company’s market ...
Apple shares tumble on downgrades from investment banks
appleinsider.com — Shares of Apple bled more than 17 percent of their value in Monday morning trading on the Nasdaq stock market after analysts for investment banks Morgan Stanley and RBC Capital both downgraded their outlook on the company, citing a worsening consumer ... (more) Apple shares tumble on downgrades from investment banks
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Economy likely to steer Apple towards lower priced MacBooks
9 to 5 Mac - Apple Intelligence — ... , the lowest price it has seen in over a year and its biggest percentage drop in over 8 years.   Some people think this might be a good time to buy, others think it has further to drop.  If it means anything the analysts in question have an extremely poor record on Apple forcasts..so says Philip Elmer DeWitt of Apple 2.0. ...

Morgan Stanley analyst Kathryn Huberty’s record at predicting Apple (AAPL) performance not so strong
MacDailyNews — ... Elmer-Dewitt reports. "But even that paled next to the nosedive Apple (AAPL) took after Morgan Stanley’s Kathryn Huberty, citing slowing global consumer demand, cut her price target to $115 from $178 and her recommendation on Apple from 'overweight' to 'equal-weight,'" Elmer-Dewitt reports. Elmer-Dewitt reports, "In a survey of eight leading Apple analysts last September, Huberty was rated the 'worst' based on her ability to estimate the company’s quarterly sales." Full article here . MacDailyNews Take: So-called "analysts" ought to be able to take a little analysis of ...

Apple down more than market on mainly economic fears
BloggingStocks — ... on Apple Monday was that two analysts downgraded Apple due to worries that consumers -- now possibly going broke -- would not want to buy more Apple stuff. But Fortune's Philip Elmer DeWitt pointed out that one of the analysts (the one from Morgan Stanley) was one of the farthest off in predicting second quarter results. ...

Recession or not, Apple will forge ahead
MacBytes.com — After yesterday’s Wall Street carnage, AAPL stood at $89.16, down over 9 percent for the day and 55 percent for the year. It’s been an ugly month. Of course, to a large degree Apple is caught up in the whirlwind of panic selling gripping financial markets the world over. But other information, particularly the downgrade of the stock by two analysts last week, hasn’t helped either. Both Kathryn Huberty of Morgan Stanley and Mike Abramsky of RBC Capital downgraded Apple last Monday (Sept. 29), which contributed to that day’s 17 percent drop in the stock’s value. Both analysts ...

What the recession means for the Mac
MacBytes.com — ... posted Friday. “However, Mac unit sales grew nearly 40% for 2008, and its share in the premium segment almost doubled. Mac sales have been growing roughly 3x the market.” Huberty, whose Mac and iPhone estimates are among the worst in the industry, has become a favorite target for Apple enthusiasts. (See Why Apple shares took a nosedive .) But Muller may be the first to put his finger on precisely what she’s doing wrong.“I understand why consumers aren’t paying-up for Windows PCs,” he writes. “How are HP, Dell, Acer, Toshiba, etc different from each other if they all use ...

Apple Q1 2009 earnings preview
AppleInsider — ... below outlines earnings estimates from several prominent Wall Street analysts along with a few rather accurate, but unaffiliated analysts. While it was difficult to secure full estimates from Kathryn Huberty, her revenue expectations are likely quite low given the fact that she is once again modeling for apocalyptic iPod sales. This wouldn’t be the first time Huberty has modeled for the complete destruction of Apple’s financials, and it certainly won’t be the first time she is shown to be wrong either. Also interesting is how all three unaffiliated analysts arrived at ...

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