Apple Stocks History: What’s Up with the Apple Downgrade? Info from Will Power of Robert W. Baird

“I think in an environment where estimates could continue to fall, that is going to make it tough for the stock to work, and I think it is going to remain under pressure here.”

The host then asked Power to talk more about the June quarter, more specifically, whether a product refresh at this time could help the Apple Inc. (NASDAQ:AAPL) stock find some “more stable legs.”

“Well, it is possible that we begin to get some refresh. I don’t think that is in most of the estimates, but that could be a potential upside if it were to occur. My better bet is that, you know, it falls into the latter part of the summer, depending on refreshes. And remember, we just went through a major refresh cycle just at the end of last year. So I think it is more likely that you see a refresh later on.”

What do you think about this interview with Will Power of Robert W. Baird? Do you agree with what he has to say about Apple?

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DISCLOSURE: I have no positions in any stock mentioned.

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