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The Worst Is Over For Apple, Says Chowdhry

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The Worst Is Over For Apple, Says Chowdhry

The worst is over for Apple Inc. (NASDAQ: AAPL), at least according to Trip Chowdhry of Global Equities Research.

In a research note to clients following Apple's third-quarter earnings beat, Chowdhry offered four reasons to support Apple's bullish growth prospects.

  1. Geographical Expansion: Apple's business in India serves as the company's next growth catalyst.
  2. Demographic Expansion: A global trend of senior citizens switching from feature phones to iPhone devices is taking place.
  3. Enterprise Expansion: Around 90 percent of enterprises started to switch from Android devices to iPhone devices.
  4. iPhone Launch: The upcoming iPhone 7 launch will be "massively successful" and serve as an "anchor" to Apple TV, Watch, Mac and iPad — a feature no other company can boast.

Related Link: 4 New Things We Know About Apple Watch

Meta-Physical Powers?

Chowdhry added in his research note that Apple's CEO Tim Cook visited the Siddhivinayak Temple in Mumbai, India, when he traveled to the country earlier this year.

"The Meta-Physical powers of this temple is well known no-name individuals have become world personalities after paying Obeisance to Shri Ganesh at Siddhivinayak Temple in Mumbai, India - Including Mark Zuckerberg and Steve Jobs, who paid Obeisance at the temple early on in their careers," Chowdhry wrote. "Apple's CEO Tim Cook paid humble visit to Siddhivinayak Temple, he now has the blessings of Shri Ganesh and hence the worst for Apple is over."

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Latest Ratings for AAPL

DateFirmActionFromTo
Oct 2020Piper SandlerMaintainsOverweight
Oct 2020Credit SuisseMaintainsNeutral
Oct 2020Morgan StanleyMaintainsOverweight

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