United States

Analyst Research Report Snapshot


Apple - Company Profile - Crisis, iPhone is another Razr




Indigo Equity Research


30 Jan 2013





Companies referenced:


Available for Immediate Download

Crisis, iPhone is becoming another Razr Investment thesis - The end of out performance, revenue growth & margin risk Prior to Sept 2012, we were fervent advocates of Apple with bullish recommendations. In Oct 2012, our opinion turned negative, expecting the end of Apple's outperformance. A problem is that Apple's products are no longer cutting edge, in design or technology, The competition has caught up and product fatigue is setting in (eg. the iPhone 5 launch). ....... Weakening 2013 Q1 Results - rapidly slowing growth and falling margins. Q1 Revenues slowed dramatically in all divisions, products & regions; and margins fell. Guidance, albeit notoriously conservative, is for revenue growth to fall to c. 7% next Q. This guidance is well below the consensus forecasts for c. 20% revenue growth in 2013. On the Q results call with analysts, gone were descriptions of demand as "record levels", "phenomenal" and "out-strips supply" that were evident in the previous Q. .... - Total Q1 Revenue rose $8.4 bn (+18%), to $54.7 bn. etc.......... Independent, buy-side, fundamental, financial analysis. This 41 page report includes: SWOT analysis, investment thesis, fundamental & DCF valuation, significant recent events, operations analysis, ten year financial analysis, business model, strategy, industry overview, analysis of latest Q results, …. www.indigo-equity-research.com

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.