Apple downgraded after analyst sees Apple Watch unable to meet hyped expectations

Apple downgraded after analyst sees Apple Watch unable to meet hyped expectations
Raymond James analyst Tavis McCourt downgraded Apple's shares this morning to market perform after he had rated the stock at Outperform since January 28th, 2014. The Apple Watch was the reason behind the downgrade with McCourt concerned that the hype for the smartwatch cannot be met by the actual device.

McCourt also mentioned that a survey of iPhone users taken last month showed only 5% would be buying an Apple Watch, down from the 10% that said that they would buy it in December. The smartwatch must be paired with an Apple iPhone 5 and higher. Despite all this, the analyst pulled out his trusty abacus and computed that iPhone sales remain strong in China. That, and continued share buybacks conducted by Apple, have led him to raise his estimate for fiscal Q2 earnings to $2.15 a share from his earlier estimate of $2.02. That tops the Wall Street consensus which is looking for Apple to report $2.13 a share for the three month period, up from $1.66 a year ago. Apple will release the report on April 27th.


Meanwhile, Apple has started taking pre-orders for the Apple Watch today. Those looking to purchase the device started reserving the latest Apple product from the online Apple Store starting his morning at 3:01am EDT. Shipping time for the device has now been pushed back four to eight weeks with some models not expected to arrive until August.

Apple's shares are currently trading at $127.06. That is up 50 cents from Thursday's closing price.

Thanks for the tip!

source: MarketWatch

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121 Comments

1. seven7dust unregistered

Still better than other smartwatches !! Digital crown is the new multoli-touch. Till android wear gets it , nothing will match the sales of the Apple watch.

3. darkkjedii

Posts: 31291; Member since: Feb 05, 2011

5% may say they'll buy it right now, but word of mouth will always be the decisive factor. If people talk positive about it, it'll blow up, if they talk negative, it won't. I know one thing, these idiotic loner fanboys on this site, won't make a difference with their comments, 99% of the people who'd buy an AppleWatch don't come to tech sites.

21. Kumar123 unregistered

"I know one thing, these idiotic loner fanboys on this site, won't make a difference with their comments, 99% of the people who'd buy an AppleWatch don't come to tech sites." +1 for this sensible comment. PA is only site I know which post news after news about that ridiculously overblown "bendgate" issues. PA knows this site is full of apple haters. So they do things that will generate more comments and traffic. But even after all the efforts apple haters put they didn't make a dent in Apple's ridiculous amount of iPhones sells. Even in South Korea iphone managed to outsell note 4 sells by a large number (10-to-1 if I remember correctly). LOL.

41. meanestgenius

Posts: 22220; Member since: May 28, 2014

If you really think that PA is not an "iPhone friendly" site as far as the authors go, then you're truly not paying attention.

123. drunkenjay

Posts: 1696; Member since: Feb 11, 2013

then why are you here? go to bgr and macworld. they are the complete opposite. bgr actually trash talks samsung in their article names whilst praising apple. go to macworld where they review the s6/edge and trashtalks and even apple fans got pissed at them. phonearena is actually non biased compared to those. just because they dont praise apple doesnt meant they hate apple. they posted samsung drop tests bend tests positive and negative). if they dont have the article you want them to show, then send them the link instead of whinging. i send articles for bgr about samsung and they neglect it if its possitive. post a negative for samsung and they will post it right away. even the guys who write the articles bash samsung in every way possible. they block my messages and allow messages when its from apple fanboys trash talking in every way possible. the apple fanboys here dont even compare to those in bgr. you want apple praise articles go to bgr.

23. Exempt1 unregistered

But, aren't you a fan boy who only wishes the best for Apple, for no apparent reason, Dennis? I mean, what matters if only 5% of iPhone users purchase the Apple Watch? It's an okay watch, with a dreadful price, Apple deserve to get a slap in the face and see what they are selling to their loyal customers, like yourself. We make fun of you all and call you iSheep, but it's legit confusion from us Android users who don't really stick with one brand, why you keep buying the same over priced things from Apple, and say that it is fair, when clearly it is not?

36. meanestgenius

Posts: 22220; Member since: May 28, 2014

Uh, since when is anyone on this site on a first name basis? What, did you Google Darkk's info? Do you know how eerily creepy that is? This is a tech site. How about we not get too personal here.

47. darkkjedii

Posts: 31291; Member since: Feb 05, 2011

Dude! I'm like is this guy (exempt1) that disturbed. He friggin takes this sh1t that serious, and he's that lonely, and bored, that he did a Google search on me. Dude, that is some creepy, loner, I don't have a life stuff rite there. When I realized what he did, I was like wowwwwww SMDH. You simply never know who's on the other side of that computer screen. Kinda a scary, but that's really me in the profile pic. If you (exempt1) come looking for me, come prepared. I'm actually taking your behavior kinda serious. I never know what else you googled. Sick people bruh.

50. meanestgenius

Posts: 22220; Member since: May 28, 2014

I know, right! That 'ish right there really creeps me out! It's like I'm watching an episode of "Stalker" or something! I don't blame you for taking his posts as a kind of threat. I would, also. And I'd definitely be prepared. There are just too many sick and deranged people in this world.

55. darkkjedii

Posts: 31291; Member since: Feb 05, 2011

Bro, I'm really taking that serious. I reported it to PA, I can't help but be on alert to something like that. This is a tech site, but in reality I have lives to protect. This guy is really looked me up, on the most powerful complete search engine at that. I take it serious, I view it as a threat, I don't know who he is, or where he lives, but know I'm watching my back, and my imaginary family's as Maherk puts it. exempt1, my strong advice for you is to back off, and keep it about tech. I've have nothing to say to you, and won't respond to you either.

58. meanestgenius

Posts: 22220; Member since: May 28, 2014

Totally agree with you, Darkk. Something like that makes me want to "disconnect" from the Internet altogether.

60. darkkjedii

Posts: 31291; Member since: Feb 05, 2011

I'm still tripping off the fact someone does this man. I couldn't care less about this fanboy crap, to take it to that extreme. Google reaches really? Is that nut case that enamored with me, or that (can't think it the word) obsessed (there it is) with me?

64. meanestgenius

Posts: 22220; Member since: May 28, 2014

He just may be. I'd definitely be on the look out for any strangers attempting to get too close to me and mine.

70. darkkjedii

Posts: 31291; Member since: Feb 05, 2011

Read post 65

72. meanestgenius

Posts: 22220; Member since: May 28, 2014

Seems like he's backpeddaling now.

78. darkkjedii

Posts: 31291; Member since: Feb 05, 2011

He's actually on another article using my whole name. Now back peddling on this article. I'm speechless, I emailed PA about it, but just wowwww lol.

83. meanestgenius

Posts: 22220; Member since: May 28, 2014

I better add firewalls to my firewalls firewall. And immediately remove myself from any social networking site. That is beyond creepy.

90. darkkjedii

Posts: 31291; Member since: Feb 05, 2011

I honestly just changed every account passcode I could think of. He knows my last name as well, which confirms his searches on me.

95. meanestgenius

Posts: 22220; Member since: May 28, 2014

I'm doing the same. One can never be too safe.

65. Exempt1 unregistered

DUN DUN DUUUUUUUUUUUNNNNNNNNNNNNNNNN. Firstly, I'm not a creep. I agree, that would be insanley creepy, and I don't love you enough to do that Darky. ( I'm sorry ). Second, if you did wanna hide yourself and your identity, probably being on the World Wide Web is the worst place to be. AND FINALLY. The reason for Dennis? Dennis the Mennis guyyysssss. I wanted someone to ask ages ago, but no one was. I thought this out cuz Darky always stirs the pot in the comments, then turns into Mr Innocent. But I now must know, is your name actually Dennis? Cuz that is hilarious. Also, sorry for scaring you Dark, I know I'm an awesome troll comment destroyer, but I didn't mean to get creepy :P I apologise deeply

71. meanestgenius

Posts: 22220; Member since: May 28, 2014

Seems suspect to me.

75. Exempt1 unregistered

I even just tested it out, to see if it was possible to find out his name from his username, and it is not. How could I have possibly found out his actual name, from no information at all?

77. meanestgenius

Posts: 22220; Member since: May 28, 2014

The fact that you actually "tested it out" disturbs me.

62. Exempt1 unregistered

DUN DUN DUUUUUUUUUUUNNNNNNNNNNNNNNNN. Firstly, I'm not a creep. I agree, that would be insanley creepy, and I don't love you enough to do that Darky. ( I'm sorry

66. meanestgenius

Posts: 22220; Member since: May 28, 2014

If you didn't do that, then who's Dennis? If that's Darkk, how do you know his real name?

68. Exempt1 unregistered

Read my other comment :P I really am genuinely sorry if this is Darks actual name

74. darkkjedii

Posts: 31291; Member since: Feb 05, 2011

Dude I'm not even gonna respond to that guy. That's just plain strange man, him doing Google searches, and on another article he's doing the same thing with my last name bro. He really did a search on me. Then you have Maherk doing a posts catalog on me. Wow dude, do I bother them that much. Now he's calling me "Darky". Racism is so whack, I'm cool with people's character, not people's skin color/nationality.

80. Exempt1 unregistered

YOUR FRIGIN NAME IS DARKKJEDII!!!! How and when did I say your last name?!? And Dark is too boring, Darky is more fun to say in my head. But the fun has been sucked out of all of phonearena comments if you can't just fool around anymore. If only I knew you were all gunna be so sensitive. Tech only comments from now on. Woo. This Apple watch will sure have some competition, folks. I'm just not sure ya know.

86. Sakeem

Posts: 862; Member since: Sep 05, 2012

That's the way it should've been from the beginning. Tech comments only. You don't google someone just to "test it out" and then call them "sensitive" when they don't like it. It's gone too far. I'm interested to see what P.A. does about this.

94. meanestgenius

Posts: 22220; Member since: May 28, 2014

Agreed. I'm also interested. What he did was over the top.

* Some comments have been hidden, because they don't meet the discussions rules.

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