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Home / Technology / Wedbush bullish on Apple despite "draconian sell-off" – Apple Inc. (NASDAQ: AAPL)

Wedbush bullish on Apple despite "draconian sell-off" – Apple Inc. (NASDAQ: AAPL)



Wedbush says that it remains bullish on Apple (NASDAQ: AAPL) despite the recent "brutal and painful" outlook due to valuation, 750M + active potential revenue potential base and $ 50B + Services revenue stream.

Ives says that while iPhone growth in growth is expected to soften in 2019, it is "far from the dynamics of doom currently priced for stocks."

The analyst outlines a "Top 10 Holiday Wish List for Apple Investors" starting with 200M + iPhone broadcasts in FY19, which Ives sees as the "line in the sand for the bulls / bears". Other features include more transparency and service calculations, acquiring an important content player for the upcoming streaming service, and announcing an accelerated buy-back program after "draconian sale".

Sources: Bloomberg First Word / 9to5Mac.

Apple shares are down 1

.6% premarket at $ 148.34.


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