Kulbinder Garcha, Managing Director, Credit Suisse
While Kulbinder joins the growing list of Apple analysts that thing the all things iMaker will show some weakness in this past quarter earnings, giving a low target estimate of $600, he does believe that Apple is better positioned on all fronts to weather any new gadget Samsung may produce, including the Galaxy S4, and provides the sensible advice to stay the course with Apple. Two years ago Kulbinder initiated a very aggressive price target for Apple, leading the pack, these days his enthusiasm seems a bit tempered.
See! I don’t slam every analysts, just the ones that act like bozos. Although, every picture I sourced for this gentleman made him look constipated. Hey, I’m just the messenger, I see something worth noting, I note it.
Credit Suisse’s Kulbinder Garcha this morning reiterates an Outperform rating on the shares, and a $600 price target, while writing that Apple will face a slowdown this quarter in iPhone sales, perhaps selling just 31 million units, ahead of a refresh over the summer, which will cause some buyers to hold off. But while Apple greater competition from Samsung Electronics‘s (005930KS) Galaxy S4 over the summer, he thinks investors should stay the course with Apple, writing “Apple remains well positioned with a privileged advantage in the compute market and will be able to maintain momentum across key product lines driven by continued innovation in hardware, software and services.”
So, what do you think?