Originally Posted by TheMacMan
D!ck head misk is at it again. I just wish he gets fired
"Shares of Apple (AAPL) are up $1.61 at $492.25, after Jefferies & Co.‘s Peter Misek issued a skeptical view of the company’s reported 9 million in first-weekend sales of the iPhone 5S and 5C. Based on reviews of the supply chain, Misek estimates the company sold 4 million of the 5S and 2.5 million of the 5C, with the rest being sold into the channel, meaning non-Apple stores. Misek opines “While 6.5 million sell-through is still solid, it is not a huge amount of upside.” He reiterates a Hold rating on Apple shares and a $425 price target."
Wow. So, a 25% increase in first-weekend sales over the previous "record-breaking best-selling" launch of the iPhone 5 (and its record-breaking 5 million unit first-weekend) still only rates as "not a huge amount of upside"?
Some people are never satisfied. Who else can, will or could sell six and a half MILLION of anything in two days, other than MAYBE McDonalds hamburgers (globally)?
Billions of dollars of direct sales "upside" in a single weekend and this putz sees no upside. I guess his head is permanently tilted downward or something...