Apple just might find itself shopping around for a new finance partner for its retail stores after Barclays analyst Ben Reitzes likened the company’s future potential to that of Microsoft.
Downgrading AAPL from a buy to a hold, Reitzes said that while he was excited by the iWatch and Apple television ideas as a consumer, he didn’t see either driving double-digit growth. Quoted by Business Insider, he said:
We look at a valuation analogy vs. Microsoft from 2000 to about 2010 and see no precedent that large-size tech companies simply start to broadly outperform again after a tough year or two if the law of large numbers is catching up to them and margins have peaked.
Ouch! Still, it appears his pessimism is not universally shared.
Filed under: AAPL Company Tagged: AAPL growth, APPL, Apple, Apple financials, Apple growth, Apple shares, Apple stock, Barclays, Ben Reitzes, Business Insider, Law of large numbers, Microsoft, Reitzes
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