Global Equities Research analyst Trip Chowdhry sent an investor note out on Wednesday warning that a weak back-to-school season caused last weekend’s Mac sales to slump between 35% and 40% from the weekend of July 23rd. It was “probably one of the slowest weekends for Mac sales,” Chowdhry said.
It’s ridiculous for an analyst to check with four university book stores and then come to a conclusion like this.
Soon to be former analyst? 🙂
Is there anything any analyst or pundit can say that will EVER make people stop taking them seriously? Websites need content that gets hits to make the ads pay off. That’s all they care about.
Not only stupid, but irresponsible. The Apple Edu sales and marketing teams have done a stellar job of getting the products in front of new and returning students across ALL their channels: campus bookstores, Apple online education store, authorized resellers and disties and Apple retail. The only thing worse than that “analysis” are any investors willing to listen to such drivel.
And he did it in *August*. Not a lot of students buying a lot of Macs at university bookstores in *August*….
Unfortunately, no. These guys never get fired for saying stupid stuff. Makes me wish I had the low morals to get a job as an analyst. 🙂
I have said it before and will no doubt say it again. Isn’t it ironic that the word “Analyst” incorporates the word “anal?”
Grounds for an investigation of stock manipulation? 😛
Ironic in that the traits one would ascribe to an “anal” person is attention to detail, which analysts simply don’t think is important.
Did you guys notice the dates? He says that sales have dropped since July 23rd, and he’s probably correct, since Apple released a new Mac mini, a new MacBook Air, and a new OS on July 20th, just three days prior to that date. All of those are aimed at college students, so it stands to reason that Apple saw a significant up-tick in sales at university book stores. The way he’s presented the facts is downright misleading, since it ignores the context of what was going on at the time with which he’s making a comparison.
Long story short, Apple had a major sales boost thanks to a series of major releases, but they’re back down to usual sales levels a few weeks later. Nothing to see here. Also, this guy is an idiot. He’s the one that said Ballmer would be on the stage at WWDC last year to announce Visual Studio support for iOS development.
Did you guys notice the dates? He says that sales have dropped since July 23rd, and he’s probably correct, since Apple released a new Mac mini, a new MacBook Air, and a new OS on July 20th, just three days prior to that date. All of those are aimed at college students, so it stands to reason that Apple saw a significant up-tick in sales at university book stores. The way he’s presented the facts is downright misleading, since it ignores the context of what was going on at the time with which he’s making a comparison.
Long story short, Apple had a major sales boost thanks to a series of major releases, but they’re back down to usual sales levels a few weeks later. Nothing to see here. Also, this guy is an idiot. He’s the one that said Ballmer would be on the stage at WWDC last year to announce Visual Studio support for iOS development.
It’s all going to come back to bite them in the end.
Yeah, but the end just. won’t. come.
I was actually making a reference to the orifice itself, rather than the attitude.
Maybe this guy’s ex is behind all the fake apple stores in China. She wants to zap Apple’s business while making this analyst look idiotic! Or not.
More stupid is the reporters description of the analyst. Hardly subjective and not particularly mature. But yes a sample of only 4 stores hardly constitutes a thorough analysis.