This spring, with the iPhone 6 selling like hotcakes and the stock trading above $124, Ahmad raised his target (to $85) but not his rating. “We sense,” he wrote, “that the company is over-earning, over-loved and, in our view, the stock should be ‘over-and-out’ soon.”

I truly hate seeing people lose their job, but I am glad to see that there are consequences for analysts that don’t seem to know what they’re talking about.