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Not as spooky as feared, but ghosts remain: Heres what Wall Street is saying about Facebooks decelerating growth

'Not as spooky as feared, but ghosts remain': Here's what Wall Street is saying about Facebook's decelerating growth

Wedbush — A 'Houdini-like metrics move'

Jeff Zelevansky/Reuters

Price target:0

Rating:Outperform

"Last night Apple delivered FY4Q (Sept.) results which beat the Street from a headline number but slightly missed iPhone unit shipments which was the focus of investors," the Wedbush analyst Daniel Ives wrote.

"However the quarter itself took a back seat to the modestly softer December guidance that Cook & Co. gave on the heels of its much anticipated XS/XR iPhone product cycle which remains the linchpin of the Apple story for FY19. That said, the 'jaw dropper' last night was when Apple announced it will stop providing units/ASPs for iPhones, Macs and its other product lines. The Street will find this a tough pill to swallow this morning as the transparency of the Cupertino story takes a major dent given that tracking iPhone units has become habitual to any investor that has closely followed the Apple story for the last decade+ and is critical to the thesis."

He added: "While last night's 'Houdini-like metrics move' was a stunner, our core bullish thesis on Apple remains unchanged despite the noise this morning.






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Not as spooky as feared, but ghosts remain: Heres what Wall Street is saying about Facebooks decelerating growth
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Date: 18.12.2018, 17:43 / Views: 52363