Nomura Analyst Says Historical Patterns Show Aapl Stock Is About To Fall
Mosts analysts believe the launch of the iPhone X has pushed Apple into a super-cycle, where more customers than usual decide to upgrade. That should drive AAPL stock up for some time, but Japan’s Nomura thinks otherwise … Business Insider saw the investment note which argues that any super-cycle effect has already been seen, and that historical patterns suggest that the stock is due to fall. The supporting graph, below, doesn’t seem particularly good evidence for the claim, showing the stock continuing to climb for a considerable time after the launch of the iPhone 6, and with the iPhone 7 bucking the trend....