More than 14%. Is what the titles fall Apple since their highs in January. The correction in which those of Cupertino are immersed makes us wonder: Is there a buying opportunity or will we be biting a bad apple if we enter now?
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“A Golden Buying Opportunity”. It is what the popular analyst sees And Ives, of Wedbush, at Apple. Not without first including their titles among your list of ‘best ideas’ to invest.
The iPhone worries. Once the main source of its income, Apple seeks to depend less and less on its manufacture and sale, orienting its business model more towards services (this is how platforms such as Apple Arcade or Apple TV + are explained). The very idea that those of Cupertino lower the sales forecast of their still star product is scary.
Let’s look at FactSet. The expert consensus now predicts that Apple will ‘only’ sell 224 million iPhones in its fiscal year. Ives stands out by anticipating 240 million thanks to the presumably strong demand in Asia, among other reasons. The best-selling models continue to be the iPhone 12 Pro and iPhone 12 Pro Max, the company’s most powerful, which is “significantly rescaling its production of the mini model due to lower demand.”
“The super cycle party” is still going on. According to the thesis defended by Ives, investors should view Apple with optimism for the next few months, and especially before it launches the expected iPhone 13, presumably next fall, as is usual.
“WE CAN SEE THE RETURN OF THE SHOPPING”
From a technical point of view, the analyst of Bolsamanía, Cesar Nuez, pointed out this Monday that we must be attentive to Apple because it is close to the average of 200 sessions, “prices where the most normal thing is that we can end up seeing the return of purchases.”
“The key resistance is at $ 128.72,” he continues. “A close above this price level would be the signal that would make us think about an extension of the increases to the level of 145 dollars, historical highs,” concludes Nuez.
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