Apple Earnings Call: Ever since Apple Inc. (NASDAQ:AAPL)’s disappointing earnings call for the first quarter, investors and analysts have been piling on. There are a lot of opinions out there on where the company is headed and what the future holds.
Ben Reitzes of Barclays is hoping that people will look at some of the positives that came from the earnings call, instead of focusing solely on the negatives.
According to AppleInsider, Reitzes issued a note to investors saying that the earnings call “deserves another look.”
At this time, Barclays has a price target of $575 on Apple Inc. (NASDAQ:AAPL) stock.
Here is a brief excerpt from the article:
“Reitzes noted that while investors have shown concern about competition and execution, he believes there were “major positives” during the earnings call. In particular, he noted Apple’s strong cash flow, and a conservative margin outlook that he believes could “grow on investors now that the damage is done.”
What is the reason for the optimism? Well, Reitzes feels that the company could debut new Macs and iPad models sometime during the second quarter. Along with this, he believes that Apple Inc. (NASDAQ:AAPL) will begin to ship new iPhones this summer.
The article added the following regarding the company’s growth in China:
“Reitzes also said that investors may not fully appreciate the opportunity for growth that Apple has in China. He noted that sales for the iPhone doubled in greater China during the December quarter, even though the iPhone 5 was only available for a portion of the quarter.”
And what about Apple TV? This is something that could really help the company in the year to come. While there are a lot of rumors about what is gong to happen next wit this technology, here is what Reitzes added: