I doubt Apple can deliver those fantastic results in view of chips shortages.
Will Apple Stock Be Up 25% Next Year?
Apple stock has just made all-time highs, but one Wall Street bull thinks that shares can climb another 25% in the next year. Is this a reasonable expectation?Apple stock made new all-time highs in November. On Monday, I argued that Apple has become an expert at dominating and reshaping the consumer tech markets in which it operates. In part for this reason, AAPL shares look like a buy to me, even at a historical peak price of $160.Figure 1: Apple store in New York, NY.That said, Tigress Financi
I think it’s a pretty good sets of results despite the shortages.
Apple sales miss expectations, supply issues cost company $6 billion
Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs."We had a very strong performance despite larger than expected supply constraints, which we estimate to be around $6 billion," Cook said. "The supply constraints were driven by the industry wide chip shortages that have been talked about a lot, and COVID-related manufacturing disruptions in Southe