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The leading analyst Craig Moffett is unrealistic of the US iPhone Assembly to transfer to India.
Moffett, which is more than one analytical by institutional investor, sent a memorandum on the Financial Times on Friday Apple He aimed at directing production to India by the end of next year.
Doubting how an action can reduce the costs of the tariffs, because iPhone components will still be done in China.
“You have a big menu of a problem generated by tariffs and moving to India. Now it does not solve all the problems.Fast money“Friday.” I would ask a question about how it works. “
Moffett, diversifying to India is not so easy – to say that customers will still be anchored in China and probably resist.
“The bottom line is a global commercial war, two front battles, affects costs and sales.
Moffett cut the Apple Price Target to $ 141 to $ 141 billion on Monday. Friday means 33% falling closely. According to fact, the price target is also the street.
“I don’t think like the greatest apple bear.” “I think there are a lot of apples. My concern about Apple has been more evaluated than the company.”
Moffett has held a “sales” rating in Apple since January 7. Since then, the company’s shares decreased by about 14%.
“Apple is a bad company because it’s none of it. It still has a large balance sheet (and) a large consumer franchise,” Apple said. “When you are a product company, there are no good answers and your products will be significantly tariff and go to a market that is likely to have at least one tape in consumer requirement for the macro economy.”
Moffett Notes Apple also does not help the carriers for tariff blows cushion.
“There is also a potential demand for higher prices. Remember, live AT & T, Verizon and T. MOBILE We say that all this is going out and the tariff (turn on) adds that we will not go with an added value of attachments, “he said. Added. “The consumer will have to pay for it. Thus, you will be destroyed in a period of time that will appear in the long-lasting periods and more slow updates – all, perhaps the consensus of the next year.”
According to Moffett, the recruitment of the US tariffs will also improve the sales of iPhone against Apple.
“It’s a very real problem,” said Moffett. “Volumes are really going to local opponents in China, not Huaweis and Vivos and Vivos and Apple.”
Apple Fund goes out to a week win – more than 6%. This is due to the quarterly profit report of the iPhone manufacturer on the next Thursday after the closure of the market.
To get more individual investment strategies, Join us For the next “fast money”, June 5 Thursday, Nasda in Times Square, live in NASDAQ.
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