Analyst Trip Chowdhry slams Apple’s ‘zero innovation’
Does anyone else remember Trip Chowdhry?
It was eight years ago he said Apple needed to come up with something or disappear.
As history shows, Apple came up with plenty and didn’t disappear and now is possibly the world’s most valuable company.
But don’t let the facts get in the way of a good story line, because Trip Chowdhry is back once again, and he’s making pretty much the same prediction.
Which to my mind means at Apple…
The future’s so bright you gotta wear shades.
So, what’s the Global Equities Research analyst saying in this unusual historical reprise:
- He reckons Apple sales in Russia and Ukraine have been dented.
- He’s concerned at the COVID lockdowns in China and the impact on sales.
- He reckons Apple is losing ground in education (but ignores those enterprise gains).
Here’s Trip…
- He says – and this is the repeat – that the innovation process is depleted, and Apple has zero breakthrough products or services. (Srsly??).
- He doesn’t think Apple will win the metaverse.
- He’s unimpressed with Apple’s work in ML.
[Also read: No, we don’t want to go back to the office – Future Forum]
- The Apple developer ecosystem is weakening.
- He thinks investors are too excited about Apple’s fast-growing services income.
- And he doesn’t think Apple stock buybacks will work in the high interest environment we’re not actually in quite yet.
The result? He’s cited Apple as a stock to sell and given a $95/share target.
I think he’s going to be proved wrong again.
In fact, I think Apple’s results will slightly exceed expectations, suspect it will win the metaverse, and imagine the analyst will need to eat his words next time he asks Siri to drive him between TV appearances.
What do you think?
Let me know in the poll below.
[CP_POLLS id=”55″]
Please follow me on Twitter, or join me in the AppleHolic’s bar & grill and Apple Discussions groups on MeWe.
