Source: Finance Association
Author: Qiu Siyu
The founder of the hedge fund Satori Fund said that part of the reason for shorting Apple's stock was due to Huawei's breakthrough on the Mate 60 Pro, and Apple may face more severe competition; Wedbush believes that as prices of new products rise, Apple will enter a “mini supercycle.”
According to foreign media reports such as Markets Insider, Dan Niles, founder of the US hedge fund Satori Fund, publicly called out Apple. He said,Apple shares should be shorted before and after Apple's iPhone 15 fall product launch.
Why are you bearish on Apple? Niles said that part of the reason isHuawei has made a breakthrough in the new smartphone Mate 60 Pro, and Apple may face more severe competition;On the other hand, student loan repayments have been restarted, which will affect the spending power of some US users.
Niles also published an article on its website on August 20 saying,For long-term investors, Apple's valuation is relatively high, but growth is slow; in the short term, Apple's stock price has an average return of more than 3% in the month before its product is released, but it usually falls on the day the product is released.
Recently, Apple's stock price has generally shown a downward trend.The cumulative decline last week reached 5.16%.
Satori Fund isn't the only organization that is bearish on Apple. J.P. Morgan also released a report last week saying that the upcoming iPhone 15 has not been substantially upgraded, so it will not attract a large number of users to update. As a result, J.P. Morgan lowered Apple's target share price from $235 to $230.
Martin Yang, an analyst at investment company Oppenheimer, said more bluntly that due to the introduction of new Huawei phones, Apple's iPhone shipments in 2024 may drop by 10 million units.
Looking at the supply chain level, a previous report by the Taiwan Electronic Times quoted relevant sources as pointing out that since the global smartphone market may show a weak trend in the second half of 2023, the number of iPhones 15 ordered by Apple will be lower than the iPhone 14.
However, there are also quite a few organizations that are adamantly optimistic about Apple. For example, Morgan Stanley analysts don't think the sales volume of the iPhone 15 series is “sluggish.”He also pointed out that sales will be very strong this year, and the iPhone 16 series will sell even better next year.
Investment bank Wedbush analyst Dan Ives saidThe new iPhone 15 will bring a 20% increase in Apple's stock price.Maintain Apple's shareholding rating. According to Ives, as the prices of Apple's new products rise, Apple will enter a “mini supercycle.” Apple consumers are unlikely to forego buying new products due to price increases, as US carriers may offer numerous discounts and promotions.
Regarding the Chinese market, Ives said, “We think Apple's share of the Chinese smartphone market has increased dramatically despite the noise. We estimate that over the past 18 months, Apple's market share in the Chinese market has increased by about 300 basis points, and the iPhone 15 will continue to add growth impetus to Apple.”
Editor/Somer