- Analyst Ming-Chi Kuo has become famous among Apple observers for publishing accurate rumours about upcoming Apple products.
- Now he’s left his bank, KGI Securities, according to a Chinese-language report.
If you’ve heard a rumour about an unreleased Apple product in the past five years, there’s a good chance it came from Ming-Chi Kuo, an equities analyst at financial firm KGI Securities.
His “Apple Insight” and “Mobile Insight” notes were closely followed by tech executives and armchair analysts alike. His research had an excellent track record of accurately describing Apple products – months before they officially launched.
His research was widely cited by both Apple blogs and major business publications. It moved markets, particularly in the Asian hardware makers that sell parts to Apple. He may be the most cited sell-side analyst in the world, given his ability to break news about Apple products.
Now he’s moving on to greener pastures, after six years at KGI Securities, according to a Chinese-language report in the China Times. According to the Google translation of the site, Kuo’s last day was Friday, April 27. He’s leaving for another firm and will focus on larger markets and more emerging industries.
His departure from KGI Securities may slow the flow of Apple rumours, several Apple observers said. Business Insider saw Kuo-penned research as recently as April 18, detailing Apple’s forthcoming low-cost LCD iPhone, which has not been officially announced.
KGI Securities could not be reached for comment. Kuo did not respond to a request for comment sent to his KGI email, nor his Gmail. A colleague of Kuo’s at KGI Securities declined to say whether the firm will continue to publish “Apple Insight” notes.
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