Lone Apple Bear Resolute, Says Bloomberg

Perhaps this should be filed under Whimsy Department: Bloomberg’s Peter Burrows today has a brief, interesting item on Edward Zabitsky, the only one among 56 analysts on Apple (AAPL) to have a Sell rating.

Burrows writes that Zabitsky, who runs ACI Research in Toronto, has made the argument for over a year now that competition from Samsung Electronics (SSNLF) and others will hurt profit margins, for instance, suggesting that iPhone profit margin might be cut in half to 25%. Zabitsky has a $270 price target on Apple shares.

Then again, Zabitsky has Sell ratings on most of the stocks he covers, data show, including Cisco Systems (CSCO), Marvell Technology Group (MRVL), and Juniper Networks (JNPR). He has a Hold rating on shares of Brocade Communications (BRCD), and a Strong Buy rating on shares of Emcore (EMKR.)

Shares of Apple today are down $7.58, or 1.5%, at $501.88.

Fin.

Peter Burrows