Of credit sweets forecast trim and it worked but stocks slipped again. But then this morning we get a different kind of note. A Research Note from Goldman Sachs entitled the shift to apple as a service. This piece was a totally refreshing and, yes, intellectually pleasing way to look at apple as a company transforming from a hardware play, a simple maturing cell phone company, into more of a Service Provider with the fabulous install base that will have recurring revenues including the upcoming tv service and other Attachment Services like the apple watch. This piece makes so much sense. Why should apple forever be pegged as just a cell phone story when it has so much else going for it . By the way, we have reports of another apple supplier from china saying the phone business is quite strong, totally disputing the asian team channel checks from credit suisse. This whole thing reminds me of the summer when tim cook told me china sales were strong even as every channel check by the asia
Slumber and regained their gusto as part of a broader move higher. S p up 1. 6 , nasdaq 1. 9 . Lets start with apple. After reporting a terrific quarter back in october where the company delivered on every single metric, apple stock had started percolating like the old days rallying from the low teens to 122. But when it got there, Credit Suisse came out with a brutal forecast of reduction based on weak supplychain orders discovered by, and i quote, our teams in asia. At the time i said here we go again, yet another Research Firm has used its team in asia to discern weakness in apples Product Sales by measuring components. Something thats been done dozens of times since the 2009 when the stock was at 11. How many times has this channel check asian team kept people out of making big bucks with apple . For every new product, every cell phone chain, ive heard about supply chain weakness from asian teams, brokerage firms. This note was particularly destructive because it came from a bull w
S p up 1. 6 , nasdaq 1. 9 . Lets start with apple. After reporting a terrific quarter back in october where the company delivered on every single metric, apple stock had started percolating like the old days rallying from the low teens to 122. But when it got there, Credit Suisse came out with a brutal forecast of reduction based on weak supplychain orders discovered by, and i quote, our teams in asia. At the time i said here we go again, yet another Research Firm has used its team in asia to discern weakness in apples Product Sales by measuring something thats been done dozens of times since the stocks historic run from the generational lows of march of 2009 when the stock was at 11. How many times has this channel check asian team kept people out of making big bucks with apple . For every new product, every cell phone chain, ive heard about supply chain weakness from asian teams, brokerage firms. This note was particularly destructive because it came from a bull with an aptly titled