Toni Sacconaghi, Analyst, Sanford C. Bernstein
So here’s the fundamental problem with Apple analysts, and something that Toni Sack-O-Shit has demonstrated too many times before, starting to sound like Groundhog Day. And that is trying to compare Samsung with Apple, in any manner shape or form. It is not an apples to apples comparison, not even close.
Everything about the two companies are different, from the operating philosophy, the vision, brand awareness, to the product line philosophy, the quality of the products, the amount of money spent on R&D and Advertising, and HOW that money is spent…the list goes on and on.
So, to make the assertion that because Samsung isn’t selling their high-end phone is an indication that Apple may also have trouble selling their phones, is a complete and utter logical fallacy. This is not groundbreaking analysis on my part, it’s common sense, which most analysts, and particularly Toni S-O-S completely lacks.
Why Apple Experiencing Weakness
The reason why Apple stock is weak is because they have left investors hanging without any definitive idea of when to expect new product, and what that new product might be. So this uncertainty is something Wall Street can’t deal with. However it’s also something many retail investors can’t deal with either, so the Wall Street juggernauts recognize an opportunity to push price down and flush out a bunch of retailers and their stops, then scoop up Apple at favorable prices.
“Sacconaghi listed among the reasons for Apple recent weakness (down 6.8% in a week) the Street’s concerns about ‘Samsung’s high end product perhaps not fulfilling expectations about the high end of the smartphone market.’”
“According to Sacconaghi, the Street is thinking that if Samsung can’t sell as many high-end smartphones as expected, then neither can Apple”
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