adyb
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Rumor: Video from China claims to show new 4" iPhone with 6-series design
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RBC cuts Apple price target to $140, cites concerns over supply chain data
scottw2 said:I think Tim Cook and Apple management shares the blame as they did nothing to counter the analysts' negativity. On August 24, Apple stock briefly dropped below $92 before Tim Cook sent an email to Crammer saying , essentially, "China is fine". Apple closed the day at $103. He could have done the same thing, saying something to the tune of "please don't look into our supply chain. The iPhone is doing fine". However, he elected not to do so and allow these analysts to control the narrative.But if he responds to every such report, won't the analysts control the narrative by making him (Apple) have to jump to every report they churn out? That seems to be a worse option to me.
Disclaimer - I hold no shares in AAPL so am ambivalent regards fluctuations in the share price!