Misek Cuts $AAPL Price Target To Below Its Current Trading Level

12 March 2013

Peter Misek, via Apple Insider:

The analyst has cut his iPhone estimate for the current quarter from 37.5 million to 35 million. He sees the company reporting revenues of $41 billion, but gives 25 percent “probability” that Apple will miss its guidance due to sales slowing even further in the second half of March.

His ‘channel checks’ also predicted an Apple TV event this month. Today, he reported — through the same reliable sources — that the Apple TV won’t be released this year at all.

The stupid thing is that Misek can’t be wrong this time. Having a 25% probability of something happening means he will always be ‘right’.