My take: I usually ignore Trip Chowdhry’s hyperbolic missives, but this one—with its Street-low Apple price target—could cause some trouble. Are there still investors, I wonder, who take him seriously?
See also: How wrong-headed can one Apple analyst be? (From Fortune.com, July 8, 2013).
Chowdhry is proof that financial TV networks and publications will quote any analyst who seems serious, no matter how vapid their analysis is or how preposterously wrong their prior reports have been. Chowdhry has been banging the “Apple is doomed and can’t innovate without Steve Jobs” drum since before Jobs was even gone. He’s a veritable gold mine of claim chowder.