Apple stocks market reach peak level among performance doubts - doubts about the sales of the next iPhone and the flight of investors like Warren Buffet or Bill Gates spread doubts among analysts.

Apple has not raised its head in the markets since the beginning of the year.

The apple company's shares are flat on the stock market as a result of several factors that are deterring investors and that cause some analysis firms to consider that it may still have more downward travel.

A final note distributed to its institutional clients of New Street Research and collected by the CNBC foresees this. In his view, Apple could see a significant drop in sales of its flagship iPhone, and investors should exit before stocks drop significantly on Wall Street.

New Street reduced its target price for Apple to $ 90 per share, which is almost 30% below the company's current Wall Street quote.

Apple stocks market reach peak level among performance doubts

The tech giant reported nearly $ 48 billion in iPhone sales in its second fiscal quarter, which helped the company beat analysts ' forecasts for profits and revenues. In fact, several experts have pointed out, since the iPhone 12 would be a fundamental part of the development of a new supercycle for Apple.

However, New Street analyst Pierre Ferragu downgraded the Cupertino-based firm's titles to sell from neutral, saying the strong sales of the iPhone 12 seem unsustainable.

” Most wealthy consumers did not see their income level greatly affected by the pandemic, but they saw their spending opportunities reduced and, as a result, high-end consumer electronics benefited, " Ferragu says.

"The iPhone is the best illustration of this, approaching record shipments in fiscal year 2021, implying that the iPhone 12 is the second best received mobile device in history," the analyst states in the note.

On the contrary, the expert notes that the confluence of events that made iPhone 12 a success translates into that demand has advanced, creating a risk that 2022 will be a completely disappointing year for Apple's interests. "We see substantial downside risk: shipments in the range of 180-200 million versus the consensus of 234 million, and downgrading the stock to sell," Ferragu says.

Apple stocks market reach peak level among performance doubts

Apple, like several other large-cap technology stocks, has performed below the market average so far this year. The value of the consumer hardware giant has fallen more than 5% since the end of December.

For the time being, Apple continues to grow at a value of $ 2.11 trillion in the New York parquet.

The company is now heavily focused on virtual reality and augmented reality. Its virtual reality glasses could be marketed in 2022 with a price close to $ 3,000– 10 times more expensive than Facebook's Oculus-and Apple augmented reality glasses are expected to come out in 2025.

There are also rumors of the launch of the Apple Car, which would be the company's full entry into the automotive business. They are all noises and nothing concrete, for now, that can generate expectations for the group that, at the end, end up staying in borage water.

There are clouds that Apple has not cleared and that can play a trick on it.

Apple stocks market reach peak level among performance doubts

According to the influencer and technology analyst of TMFCouchInvestor, Neil Rozenbaum, an example would be the demand of Epic Games to Apple for the way in which it manages the App Store, by ensuring that the store is a monopoly and charges high commissions for games such as Fortnite.

"Apple makes Epic (and most App Store users) pay a 30% commission on in-app payments, so Apple's domain has already led to an antitrust investigation by the U.S. Department of Justice into the App Store's commissions and policies,” Rozenbaum recalls.

” It may take weeks, if not months, for the judge to rule, but even if Epic does not win, this could set a precedent for how future cases are decided, " the expert adds.

Apple stocks market reach peak level among performance doubts: It is not the only obstacle, because we must add to all this the recent partial or total leakage of several of Apple's large investors.

A few days ago, Apple Maven reported on the sale of Apple titles by Berkshire Hathaway in the first quarter of 2021. The Warren Buffett conglomerate owned up to 1 billion shares of the company by the end of the second quarter of 2020, but the position has shrunk to less than 900 million today.

Meanwhile, recently Cathie Wood's ARK Invest completely disintegrated its position in Apple stocks, having previously reduced its portfolio exposure. The famous asset management company used to have Apple in its fintech innovation fund, but since the past 25 is no longer an official investor of the company.

Finally, the divorce that grabbed the holders of Melinda and Bill Gates meant that their Foundation (Bill and Melinda Gates) sold its million shares of Apple in the first quarter of 2021.

# Apple stocks market reach peak level among performance doubts #