It used to be that
Apple (
AAPL) would
intentionally low-ball its quarterly guidance so it could crush expectations with better-than-expected earnings. But now that
Apple has started issuing more realistic guidance, it’s running the risk of
missing expectations by a considerable margin. And according to a new estimate from Jefferies & Company analyst Peter Misek, there’s a significant chance that Apple’s earnings might be even worse than its own projections this quarter.
Per StreetInsider, Misek released a new research note on Tuesday that not only slashed the company’s price target from $500 to $420, but also projected a 25% chance that Apple would miss its own guidance for the fiscal second quarter.
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