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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Moonray who wrote (190751)5/23/2016 6:00:08 PM
From: Doren  Respond to of 213182
 
I wonder how they come to these conclusions. Computer algorithms? Human guesses? I don't see how they can project that:

"BMO Capital believes that the percentage of iPhone owners with a device that is at least two years old
has reached a record of about 26%, up from 23% before the iPhone 6 was launched.

As a result, the firm expects the company to benefit from an improved replacement rate following its
launch of the iPhone 7.
"

will not get worse rather than better.

Having seen it all though, I think 120 is not too unrealistic. My investment style seems to be pure luck as I almost sold right before Buffett's people bought... hope to escape without a loss springs eternal.