Apple's 'Scary Fast' Event Underwhelms Analysts, Leads To Question Of Timing Ahead Of Q4 Earnings
Portfolio Pulse from Chris Katje
Apple Inc's 'Scary Fast' event, which showcased new products and company announcements, has received mixed reactions from analysts. Goldman Sachs analyst Michael Ng maintains a Buy rating and a price target of $213, citing the attractive price points of the new products and potential for growth in the PC industry. However, Oppenheimer’s Martin Yang found the event underwhelming and was disappointed by the lack of information on Apple's plans for mainstream gaming. Needham analyst Laura Martin expressed concern about the timing of the event, just three days before earnings, suggesting weak laptop and iMac sales in Q3.
October 31, 2023 | 5:12 pm
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Apple's 'Scary Fast' event has led to mixed reactions from analysts, with some maintaining a positive outlook while others express concerns. The timing of the event, just before Q4 earnings, has raised questions.
The mixed reactions from analysts following Apple's 'Scary Fast' event could lead to uncertainty among investors, potentially impacting the stock's performance. The timing of the event, just before Q4 earnings, may also raise concerns about the company's performance.
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IMPORTANCE 80
RELEVANCE 100