Goldman Sachs: “Nothing super-cycle for the iPhone X”
The analyst, Rod Hall, Goldman Sachs believes that sales of the iPhone X will not be so “super” as expected, especially in the second fiscal quarter of 2018.
Precisely because of these sales may slow for the iPhone X, Hall believes that Apple shares will be constant and will not increase in value in the coming months. Investors had launched the term “super-cycle” in 2017, relative to the sales record that Apple would have registered also and above all thanks to the iPhone X. The financial results published by the company showed that the device has sold well, especially counting the fact that this year's quarter was one week less than the 2016, but Hall says things are destined to worsen in the first three months of 2018.
Goldman, however, has positive expectation in the long-term growth of revenues with regard to the iPhone, especially thanks to the three new models expected in the fall. In addition, the iPhone X could have a surge further in the second quarter of 2018, after the boom of the christmas that has hampered many purchases in the early months of the year.
Link to the original article: Goldman Sachs: “Nothing super-cycle for the iPhone X”