View Full Version : (Un)Official AAPL discussion
Only in that it's more expensive than it should be. Unlike the Cube, the market is there for this thing. It needs to come down in price several hundred $$, but if it gets to a sweet price-point, like $1500 or so, it'll dominate. The Cube could never get there for a number of reasons.
My impression of the cube was that it was *almost* the consumer mid-tower that a lot of people want, except it cost too much and wasn't actually a mid-tower. The CPU and video card were upgradable, but I don't think it had any PCI slots. Two out of three, especially when it's overpriced, just doesn't cut it.
torifile
2008-01-15, 14:32
My impression of the cube was that it was *almost* the consumer mid-tower that a lot of people want, except it cost too much and wasn't actually a mid-tower. The CPU and video card were upgradable, but I don't think it had any PCI slots. Two out of three, especially when it's overpriced, just doesn't cut it.
But the Air is everything this segment wants, except it's expensive. Even that is acceptable by power mobile people. The Cube never really fit - which, BTW, is the reason we still haven't seen a "real" headless Mac.
But the Air is everything this segment wants, except it's expensive. I can count the number of sub-3lbs laptops below $1800 on one hand. In fact, I'll probably only need a few fingers. (not counting ultramobiles, etc.) This segment is used to $2000+ laptops.
The Air is so inconsequential... Why are we talking about that rather than the fact that Apple managed to pull in every major studio for HD rentals when we thought it was only going to be FOX and Disney?
The reason Apple got slammed today is two-fold:
1. Large Cap Tech got slammed
2. Apple did not deliver a "surprise"
Personally I think the fact they did not deliver a 3G iPhone since the market is starting to value that business with a high multiple.
Also, as I discussed in the past in this thread, a 50 P/E stock has very little room to make any perceived "mistakes".
I'm sure I'll catch some flack for my opinion, but I personally believe the MacBook Air is Apple's next Cube.
I don't know if it's quite that bad. The thought that popped in my mind was:
Mac mini is to headless Mac as
MacBook Air is to (ultraportable) notebook
I think they made a few too many compromises by constraining themselves to such a small form factor.
If they can find a way later this year to get the price down to $1999 with a 64GB SSD, they might have something on their hands.
The Air is so inconsequential... Why are we talking about that rather than the fact that Apple managed to pull in every major studio for HD rentals when we thought it was only going to be FOX and Disney?
Sure, let's talk about it:
http://arstechnica.com/journals/apple.ars/2008/01/15/macworld-ars-itunes-hd-movies-only-for-rent-on-apple-tv
Seems like a silly restriction. They can get away with it for now, since I don't think there's been enough sales of HD-DVD/Blu-Ray players.
As expected after a keynote, Apple stock is down. But surprisingly, it down big time...almost $12!
Perhaps the lack of anything groundbreaking has spooked investors' confidence.
Couple of things I think, in no particular order:
1) Bad economic/corporate earnings data continuing to dribble out
2) P/E multiple compression that jcoley's been mentioning. I usually look on a forward P/E basis - 26 forward P/E with an estimated 22% long term growth rate isn't too bad, but in this market the P/E of these types of stocks will get compressed quickly.
3) Typical selloffs after Macworld/earnings I mentioned in earlier post. This is particularly concerning, as it couldn't even make any sustained rally into MacWorld.
4) The broader markets are acting terrible as well.
Intel's earnings miss this afternoon certainly won't help tomorrow.
Apple closed below $160 today which represents a 20%+ drop of its peak. If this was a stock index, it would be officially a bear market. The 200-day moving average is about $145, so the stock should find support there. If it were to get through there, it would be very ugly as many of the quant funds would sell it.
morningstarrising
2008-01-16, 20:21
I think it doesn't help either that december shopping sales came in low.
Now we will be looking towards when things will turn around when Apple announces it's next Q and January shopping sales... and whne they say they sold alot more AppleTVs and this Airbook.
10:12 AM from my iPhone:
136.78 Down 18.86
This is brutal.
This is a buying opportunity! :D
$130 now...
On a related note, I really like Clearstation (http://clearstation.etrade.com/cgi-bin/details?Symbol=AAPL&csize=14), but as you can see, they still show AAPL at $155...
Yahoo Finance (http://finance.yahoo.com/q/bc?t=1y&s=AAPL) is current, but their site isn't so nice...
Other suggestions?
$130 now...
On a related note, I really like Clearstation (http://clearstation.etrade.com/cgi-bin/details?Symbol=AAPL&csize=14), but as you can see, they still show AAPL at $155...
Yahoo Finance (http://finance.yahoo.com/q/bc?t=1y&s=AAPL) is current, but their site isn't so nice...
Other suggestions?
I use Ameritrade, no complaints
bassplayinMacFiend
2008-01-23, 12:29
This is a buying opportunity! :D
Or a crying opportunity if you've been steadily accumulating shares over the last year like my stock club has. :eek:
torifile
2008-01-23, 12:31
Or a crying opportunity if you've been steadily accumulating shares over the last year like my stock club has. :eek:
It's quite ridiculous.
FWIW, I took it as a buying opportunity. I don't see it going any further down than this.
morningstarrising
2008-01-24, 23:10
Mmhm..people will probably buy iPods with there 600 bucks..
New Apple site:
http://img.photobucket.com/albums/v115/morningstarrising/Picture2-9.png
http://www.apple.com/investor/
Mmhm..people will probably buy iPods with there 600 bucks..
New Apple site:
http://img.photobucket.com/albums/v115/morningstarrising/Picture2-9.png
http://www.apple.com/investor/
Nuh-uh, that's been there for a while.
Did you see VMware's earnings (or lack thereof)? Pretty disappointing. Stock closed at $83.00 last night and quote pre-open today at $62.50-63.00.
Ouch. . . .
So would now be a good time to buy AAPL stock? I've been kinda itching to get into the stock market now that I have access to a lot of inheritance money and to me, it seems like a good time to buy.
If you can afford to lose it, sure. I have a friend that just came into a little money from her father and wanted to go all stock-markety as well, but I steered her towards a financial planner friend of mine and she's pretty happy. She didn't have a ton to work with (~750K before taxes), but we pushed for retirement numbers... and well, I think she'll be OK. :)
If you want to bet on one stock just make sure you can afford to lose that cash and still be fine.
That said, I'm expecting a slow crawl up in numbers from AAPL. The honeymoon is over.
Definitely better now than a month ago.
Looks like it has some time to spend in this range (+/- $25), but a decent place to start building a position.
Definitely better now than a month ago.
Looks like it has some time to spend in this range (+/- $25), but a decent place to start building a position.
Just out of curiosity, what are you basing this on?
Anyone brave enough to jump back in now?
It's down to $127 in mid-day trading. Haven't we hit bottom yet?
I don't know much of anything about this subject, but it seems to me that the market is kinda holding it's breath in regards to Apple. It could go both ways.
It is interesting that even with the introductions yesterday, the stock fell. It rose last week, but seemingly not as a result of the pink nano introduction (surprise surprise).
I'd probably wait a bit, although it is seriously undervalued (depending on the hypothetical financial crisis looming), and looks like a good buy.
I don't think the recent drop in price has anything to do with Apple as a corporation. With the bottom fallout out from under consumer spending, people just aren't buying cool tech toys like they used to. It'll be a few years for the economy to cycle back to where it was. In the mean time, I'm not convinced it's hit bottom yet.
I don't think the recent drop in price has anything to do with Apple as a corporation. With the bottom fallout out from under consumer spending, people just aren't buying cool tech toys like they used to. It'll be a few years for the economy to cycle back to where it was. In the mean time, I'm not convinced it's hit bottom yet.
I began rebuilding my position the day earnings came out at $139. My next buy level will be $115. Much of what is going on here is both Macro (lower consumer spending) and Micro (how many iPods do you really need juxtaposed against growing Mac sales.) In addition, the tech sector continues to suffer. I am guessing too there is more downside risk in the markets here and for Apple.
I see in another blog Apple trading at $118.75 in after markets. Time to put a $115 order in tomorrow.
Why is the stock flying today???? Up $7.50 with most of the tech sector down today.
Windswept
2008-02-28, 15:20
Why is the stock flying today???? Up $7.50 with most of the tech sector down today.
Maybe because:
http://www.reuters.com/article/coMktNews/idUSN2857244920080228?rpc=11
SAN FRANCISCO, Feb 28 (Reuters) - Shares of Apple Inc rose as much as 5 percent on Thursday on optimism that the maker of the iPod and iPhone can overcome an economic slowdown and as it prepares to give details next week on how outside programmers can develop software for the iPhone.
The shares were up $5.29, or 4.4 percent, to $128.35 in late morning trade on Nasdaq, a bright contrast to slumping broader markets weighed down by mounting U.S. recession fears. Earlier the stock traded as high as $129.21.
The gains come one day after Apple affirmed its iPhone sales goal for this year and promised to give details of how outside programmers can create software for the device. The move is expected to spur demand for the Web-browsing and media-playing mobile phone.
Goldman Sachs analyst David Bailey, after a meeting with Apple Chief Operating Officer Tim Cook on Wednesday, said he continues to believe that "Apple's industry-leading product cycles should help it overcome softer seasonality and sets the stock up for a strong second half."
Although the shares have risen over the past two trading sessions, they are still a long way from recouping a 30 percent decline over the past three months. Investors have soured somewhat on Apple amid concerns that a slowing economy could hit sales of its Mac computers, iPods and iPhones.
Apple also said it will unveil new iPhone features aimed at businesses, potentially stepping up competition with Research In Motion Ltd's (RIM.TO: Quote, Profile, Research) popular BlackBerry devices.
Apple will detail the software road map for the iPhone on March 6 at its Cupertino, California, headquarters, the company said in an invitation sent to reporters.
When Apple launched the iPhone last June, it only allowed outside software developers to make Web-based programs, not ones that could be installed on the device itself.
Well, if they announce something that will allow the iPhone to integrate with Outlook Exchange I will be pretty happy.
Same here, except Lotus Notes integration instead of Outlook. Maybe we'll get both!
The other thing helping support the stock (which appears missing in the article) was a reaffirmation by the COO of 10 million iPhone sales target by end of year.
Looks like it finally found support in the mid 110s. Should be good to add to positions on pullbacks, though the general economy does make me cautious.
Looks like it finally found support in the mid 110s. Should be good to add to positions on pullbacks, though the general economy does make me cautious.
I was thinking $115 and missed the opportunity the other day since I was on a trip, but watching how the tech sector is trading (esp. GOOG) makes me very nervous to add more now.
Yeah, GOOG looks especially suspect right now. I was lucky to sell the couple shares of them that I had around $690-$700 before the market rolled over.
Almost all the charts of tech stocks look very broken with the exception of RIMM, but if iPhone can get some corporate e-mail support then RIMM will have more headwinds to face.
Something I do wonder about with all the cash on Apple's balance sheet: If the market slides down a second time and Apple gets dragged down with it (say to below $100), if they would consider using some for a stock buyback.
The markets are very sick. BSC bailout over the weekend will continue to put pressure on the US markets until all the "bad news" it out. Lehman is next--down 11% Friday and down 38% pre-open today.
I sold my APPL position (established at $139) at $127 along with pretty much every other stock on Thursday. Market will probably test Dow low of 11,540 this week.
Tomorrow is important as Fed will cut Fed Funds rate--market wants a full 1% cut to 2%.
Will be a volatile week.
I was going to jump in some more when we were at $119, now I am kicking myself.
Congrats to those who made some easy money the past 2 weeks or so.
[bangs head]
Finally! After the whole sub-prime debacle (yeah, we're probably not out of the woods yet), APPL has been languishing in the $120's.
Don't know why the big spike over the last few days, but if rumours are true about the 3G iPhone w/longer lasting battery coming in June, hopefully it'll reach the $180's by year end.
I think recent activity is more related to the market than any apple-specific news. Although the news about ordering 10 million 3g iPhones certainly didn't hurt.
Nor did the latest reports in Feb sales, adoption rates, purchase plans, or student mindshare.
Windswept
2008-03-28, 18:53
The markets are very sick. BSC bailout over the weekend will continue to put pressure on the US markets until all the "bad news" it out. Lehman is next--down 11% Friday and down 38% pre-open today.
I sold my APPL position (established at $139) at $127 along with pretty much every other stock on Thursday.
I had trouble sleeping the night that you wrote this post, jcoley.
Have you bought any stocks 'back', at this point, or are you just sticking with cash for now, if you don't mind my asking?
Since you sold most of your own stocks, I imagine that's what you would advise others to do too, right? :\ Or do you think the market has improved since you sold?
Have you considered changing your cash dollars into Euros or some other currency that isn't falling like the dollar? Is such a transaction easy, safe, and worth doing, do you think? Have you ever done it yourself, or know people who have?
And, if so, what online site would you recommend for changing from one currency to another? Would they even 'accept' dollars, I'm wondering?
Apple's held up relatively well since January. I have an inclination to sell pre-earnings if it gets into $155-$160 range, but I'm guessing it'll be range bound between $135-$155 until then.
Have you considered changing your cash dollars into Euros or some other currency that isn't falling like the dollar? Is such a transaction easy, safe, and worth doing, do you think? Have you ever done it yourself, or know people who have?
And, if so, what online site would you recommend for changing from one currency to another? Would they even 'accept' dollars, I'm wondering?
I wouldn't do it, but if you have such an inclination, you could do this synthetically through the CurrencyShares ETFs (http://www.currencyshares.com/). Of course, there's risk of loss in the event the dollar strengthens. If I had to pick a currency for a weakening dollar trade, I wouldn't use the Euro (in the event European central bank starts cutting interest rates). I'd probably use Swiss Franc or Japanese Yen.
Alternatively, if you're concerned about inflation you could buy inflation protected treasuries (or use ETF for this, symbol TIP).
Guys... remember the only rule that never fails. Stop-loss. Sure you'll regret not getting in a few dollars earlier at times, but you'll breath easy when you averted a tail-spin.
I had trouble sleeping the night that you wrote this post, jcoley.
Have you bought any stocks 'back', at this point, or are you just sticking with cash for now, if you don't mind my asking?
Since you sold most of your own stocks, I imagine that's what you would advise others to do too, right? :\ Or do you think the market has improved since you sold?
Have you considered changing your cash dollars into Euros or some other currency that isn't falling like the dollar? Is such a transaction easy, safe, and worth doing, do you think? Have you ever done it yourself, or know people who have?
And, if so, what online site would you recommend for changing from one currency to another? Would they even 'accept' dollars, I'm wondering?
Thanks for the interest in my thoughts, and by no means am I am an expert, so let's review the changes that have occurred here in the past two weeks:
1. The Fed has NOW determined that the risk to the counter-party system is too high, and therefore bailed out BSC. This is unprecedented and the Fed has never done this (although they encouraged Wall Street to do so in the LTC bailout in 1998.) This probably means LEH or MER will not fail now. But it does not mean that these stocks cannot trade lower. Personally, I think brokerage stocks (remember, I spent 20 year at two of them) are rallying on short covering. Expect them to retest their lows of two weeks ago. Their business models (especially fixed income where I came from) are completely broken and overloaded with head count and fixed expenses. We have not seen the end in write downs and I still think there will be more write-downs in the asset management divisions of these firms (and large banks) since they hold for their clients the same stuff they too lost money in. I expect many of them to underwrite some of the losses--Citi is already done this for $1 B. That being said, I expect financials to lead the next big up leg in the market and they are important to watch--I just think this is a sucker rally right now.
2. The market still seems range bound, and I do not see anything that will allow it to break out on the upside. Upside is defined near term as around here (12,500 on Dow) and all time high of 14,000. The real question: is the bottom the low 5 weeks ago on Monday when the Fed cut 75 bps before the open (again very unprecedented)--the futures market was trading around 11,540 or thereabouts? (Tough for people like us to buy it though unless you have a futures account.) For now that low seems intact. So, if you want to play the 11,700 - 12,500 trading range, go ahead. For the near term, this looks good, but I do not like to trade like that.
3. What is happening longer term? (Remember I sold last early summer pretty much all my S&P--143-144 on SPYs--and then lately dumped all my uranium small cap stocks.) I think until we sort out housing, we cannot make any meaningful headway up. Since this is a multi-year problem, this could be a drag for awhile (think 1987-1991 or 1982-1986 in Texas for examples.) I would think that all the examples of Government interference to prop up housing is a mistake long term. They should let it settle out at much lower prices and encourage a new set of QUALIFIED buyers come in and buy. In some places (you may have read about this in this week's WSJ in California where they are doing mass auctions.) IF either Democrat gets in, expect the policies to interfere with this process and extend the time it will take to cure the housing market.
4. Speaking of Democrats, the market is smart. Regardless of whether it is Hillary or Obama (but esp. Obama), taxes are going up a lot, especially long term capital gains. Since we do not know how much, hard for the market right now to move up solidly. Raising long term capital gains taxes is a huge mistake and will kill the market for a long time.
5. So, where does that leave us? I continue to believe we are in a long term flat trade similar to 1966-1983. To refresh, in those 17 years, the Dow went from 1000 to . . . .drum roll. . . . 1000! OUCH! Here is a good chart of the Dow:
http://stockcharts.com/charts/historical/djia1900.html
(Note: it is Log Chart which is the right way to look at price charts.)
During this time period, there were 5 bear markets and 5 bull markets. You can see them here:
http://stockcharts.com/charts/historical/djia1960.html
You can see the second bear market traded down 33% and the third one (which blew up the Nifty-Fifty) was down 45%. BUT: the rally of the second bear market was 58% and the third 73%. THIS IS WHAT I AM PLAYING FOR.
So to sum it up, I believe (and there are a lot of other market players that also believe this--read this week's article in the WSJ entitled the LOST DECADE) that we are range bound for a long time and I want to buy the market capitulation down trades to get back in. I will be patient until then. Some Pros believe that the March 2000 high by Tech was similar to the 1972 high by Nifty-Fifty so the NASDAQ high of 5000 followed by the down trade to 1800 is the low. Looking at the above chart, the low after Sept. 11 is the one I think is in tact (7528 on Dow.) I am looking for market to retest say 8000-9000. I do not think we will see 7500 again. Hence, I am not buying in any big way until then. I will buy some at 11,200 (20% down from 14,000) for a trade but not a long term hold. (I think we would have seen that that morning if the Fed did not come in.)
As far AAPL, news was great this week--they are getting a halo affect into Macs from iPhones and iPods and their unit sales are moving up. Hence the reason the market moved up. That being said, hard to make a substaintial move up in a market I described above. So I cannot buy it here.
Hope that helps. Also remember how tough summers have been on the stock markets that past 10 years. I want to have a lot of cash to be ready. . . .
Wow...any reason for this recent surge the last few days? It's up to $153 as of 3pm EST.
Looks like aapl is on the way down again. Might consider taking profits, and/or saving to buy more stock in a month or two.
Apparently analysts were underwhelmed with iPhone3G.
Looks like aapl is on the way down again. Might consider taking profits, and/or saving to buy more stock in a month or two.
Apparently analysts were underwhelmed with iPhone3G.Yeah, and I just bought some two weeks ago.
:p
I don't know about that. I think a lot of the weight on the stock right now has to do with a combination of the Steve Jobs health rumor, mixed with short-term profit taking after a major event(happens all the time) combined with the new iPhone not being immediately available. "down" in this case should be no lower than 160, and it won't linger there for too long.
(unless of course the greater market starts to fail at all)
Hard to figure out what's going on with AAPL stock these days.
The health scare seems to have passed, with talk that Jobs had a touch of the flu.
However, the stock is pretty volatile despite great projections from analysts (yeah I know). Maybe the street needs to see concrete numbers a month or two after July 11th before we see the price take off. The recent dip to $175 is tempting to buy some more...but I think I may pass.
I was thinking the same thing, but I'm sure the stock will go back up in the next month or two.
I'm in for at least another year though. My Apple stock is going to help me pay for my new car when I graduate.
torifile
2008-06-21, 13:14
The stock is just moving with the general market these days. No news specific to AAPL has come out since the 9th and the market overall has been tanking (again). You'd think a fucking republican in the white house would at least mean we could make some money investing. :grumble: What a fuck up.
drewprops
2008-07-20, 20:31
Heh.
I was going to sell some at $175 but then I just couldn't do it... even with the volatility out there it seems like it might push up toward $190 again before September... especially if we'd intro some new products.
Heh.
I was going to sell some at $175 but then I just couldn't do it... even with the volatility out there it seems like it might push up toward $190 again before September... especially if we'd intro some new products.I bought at $187 and I'm just gonna hold out long-term, which is what I intended anyways.
I'm more bearish than Drew. Given all the talk that credit cards may be the next victim of the "credit crunch", I think we're going to see consumer spending all but dry up. Apple is definitely not in the business of selling essentials (Despite what those of us here might think!).
Pretty weak earnings report. Stock down $17+ to $148.75 in after markets.
Pretty weak?
If that didn't impress you, what would they have had to announce in order for it not to be weak?
All time high Mac sales and you say weak?
Damn, no wonder the stock always dives after earnings reports. Investors like you hold such high standards that it would be impossible for Apple to go up after an Earnings report.
Earnings were fine, guidance was unusual.
They spent an awful lot of time trying to recalibrate analysts for somewhat lower gross margins going forward.
torifile
2008-07-21, 20:55
This is just a buying opportunity. Hold on til after the Christmas quarter. I'd buy more now if we weren't buying a house in a couple of months.
Well, it's about time to get back into stocks across the board, not just AAPL...but this probably isn't bottom.
Damn, no wonder the stock always dives after earnings reports. Investors like you hold such high standards that it would be impossible for Apple to go up after an Earnings report.
Your kidding, right? Stocks with 35+ P/Es can never, never disappoint the analysts or they will get slapped around like Apple did tonight. I have rapidly warned that high P/E stocks are very dangerous for the average investor since inevitably you will have a disappointing quarter. High P/E stock not only have to beat the average analyst, they have to blow away the consensus.
As much as I love Apple, this quarter did not do this. . .
Well, it's about time to get back into stocks across the board, not just AAPL...but this probably isn't bottom.
Watch the S&P--they 1270 level is very key right now. If we break out to the upside, we may have a summer time rally. On the downside, I would put a stop-loss at 1870.
Just my two cents. . .
Your kidding, right? Stocks with 35+ P/Es can never, never disappoint the analysts or they will get slapped around like Apple did tonight.
But isn't that the problem? Unfortunately these analysts simply create unrealistic expectations. :no:
From most accounts, the numbers are good... very good.
torifile
2008-07-21, 22:07
The thing about AAPL is that it's a momentum stock. It's had the wind at its back for some time and short and medium term investors are just really skittish about holding on a bit too long.
We longs don't really care about this nonsense. Over the course of 20 years, we'll be way ahead. Could we have made money by buying and selling at just the right time? Sure but that's not what longs do. With the exception of my quick buy and sell last year, I've been just accumulating since 2001. I plan to continue as finances permit.
Don't sweat it. They're only paper losses and gains until you sell anyway.
But isn't that the problem? Unfortunately these analysts simply create unrealistic expectations. :no:
From most accounts, the numbers are good... very good.
No, you need to understand the math behind pricing stocks. A stock price should reflect the discounted cash flow of the future stream of dividends plus the future stock price say 10-20 years out. In order to justify the extreme high P/E, earnings growth must be super fast or else the future price will fall relative to the current price. This is the same issue that the Tech stocks had in the late 1990s and the nifty-fifty had in the early 1970s.
I'm only sticking around until sometime next summer. I'm planning on cashing out to buy my first car and make a down payment on a house.
Maybe I'll just cash out the day before earnings call next July?
Don't sweat it. They're only paper losses and gains until you sell anyway.
Actually they are opportunity gains and losses. Hard to say you would want to own any growth stock for 20 years that has a high P/E ratio. A value stock might make sense, but invariably growth stocks disappoint over the long haul. In addition, at the current market cap, Apple is at the top of the market cap table for all us stocks. I would take a bet that others with lower valuations have a better chance of outperforming over the long haul.
I would only buy Apple after a large pullback (similar to earlier this year).
I'm only sticking around until sometime next summer. I'm planning on cashing out to buy my first car and make a down payment on a house.
My two cents. . .never ever invest in the stock market if you have a short term need for the money. Let me educate you why:
The S&P 500 has something like a 11% expected annual return (say over the past 50 years) with a volatility of 19%. (I am rounding off the numbers as I am too tired to look them up but the example will still work.)
So, if you had $1000 to invest for 1 year and bought the S&P 500, you would expect to have $1110 after one year (the expected mean.) However, 68% of the time (one standard deviation), you would expect to have $900 (81% of $1110) and $1320 (119% 0f $1110.) So there is a high possibility of an actual loss.
In fact, you have a 16% probability of returning below $900 in just 1 year.
Stocks are for the long haul, not for short term savings.
I've had the money in there for two years already.
It was a gift from my parents when they bought my brother and sister new cars. I took their money and invested it.
This just in. AAPL has passed GOOG in Market Capitalization. Also, Apple remains one of the only tech companies to be up when the rest of the sector(and market) is down.
Passing Google in market cap seems like a pretty serious accomplishment to me. Out of Apple's competitors, it seems like Microsoft is the only company that has a higher market cap than Apple right now.
To put it in perspective. Google has been slipping up a bit lately, stock value wise. They are not at their strongest. While Apple has been surging. So, it is kind of a meaningless stat at the moment. More of a symbolic achievement than anything else. What I want to know is when are Google and Apple going to team-up?
What I want to know is when are Google and Apple going to team-up?
In what way? As in a merger? I think they're both doing fine on their own as is.
Releasing a product together, and/or a special deal on a product, and/or an advertising campaign...etc.
Merger wouldn't make any sense, but there are a number of other ways that two companies can work together for mutual benefit.
Wow, another roller coaster ride for the stock.
Down almost $7 at midday.
I was going to unload it at $180, but it never got there and started dropping like a rock these past few weeks.
Yet most analysts (yeah I know), have pegged it for $200+
You know it's going to be up tomorrow, unless there's concerns about thinning profit margins ($99 nano, and all that).
bassplayinMacFiend
2008-09-08, 13:43
You know it's going to be up tomorrow, unless there's concerns about thinning profit margins ($99 nano, and all that).
Apple already talked about knocking down gross margins by 5 points this month during the last conference call. Something about unveiling technology their competitors couldn't compete against. I'm hoping this 'product transition' isn't about iPods.
Apple stock always goes down after events, not up, Robo. :lol:
Apple stock always goes down after events, not up, Robo. :lol:
Ain't that the truth. Are we still bullish on Apple? Hopefully new MB's before holiday season along with the new iPods will give them a decent quarter.
Now, or within the very near future, would probably be a good time to get in.
I'd wait and see what happens as the markets open today (don't think it's quite at rock bottom), but it seems like all this panic on Wall Street has hit Apple much harder than many others (for obvious reasons). The economy, Apple, etc. will be fine, it's just the traders being skittish with the Lehman and AIG stuff.
If, however, it goes below ~115-120, then I'd be worried.
Of course, as always, Wall Street is a giant Casino, so don't gamble what you can't afford to lose.
EDIT: Oh, and I'm in at 130, BTW. Put my money where my mouth is :D
In case you missed this today on Bloomberg"
Apple Slides After Morgan Stanley Predicts 10% Drop (Update1)
By Lauren Berry
Sept. 29 (Bloomberg) -- Apple Inc., the maker of the iPhone and Macintosh computer, fell as much as 6.4 percent in early U.S. trading after Morgan Stanley said slowing sales and profit growth will hurt the stock.
Analyst Kathryn Huberty cut her price target 35 percent to $115 today. That is 10 percent less than the stock's closing price Sept. 26. She reduced the stock to ``equal-weight'' from ``overweight.''
Slowing iPhone and Mac orders will hurt the Cupertino, California-based company, New York-based Huberty said in a note. Apple will have to cut prices to compete this holiday season, weighing on earnings, Huberty said.
Apple fell to $119.99 in trading before U.S. exchanges opened from a close of $128.24 on the Nasdaq Stock Market. The stock had lost 35 percent this year before today.
RBC Capital Markets cut Apple today to ``sector perform'' from ``outperform.''
Ouch! I'm taking a bath on this right now...of course I could pick some up for cheap to offset the loss.
I know RIM took it on the chin last week with missed earnings too.
Are things going to get worse? Is this bail out the beginning of the end or are there more tough times ahead?
My guess is that there's at least another year to 18 months of rough times ahead before things start to look up again.
But seeing as the whole economy was built on a house of cards, it could be longer....
That said, this is just a reality check for AAPL holders: AAPL's P/E is still 30-35% higher than MSFT's, so a "correction" isn't that surprising.
I did buy a few at 111 earlier today.
morningstarrising
2008-10-01, 03:57
Google got hit too:
http://img.photobucket.com/albums/v115/morningstarrising/Picture1-45.png
http://img.photobucket.com/albums/v115/morningstarrising/Picture2-34.png
Google got hit by a computer glitch that halved the selling price on the trading floor. It was corrected, and transactions during that time period have been annulled.
Apple close to $100! Major support at $101.60--currently trading $101.65.
I cannot believe how hard hit the railroads are today--down like 20% across the board.
morningstarrising
2008-10-03, 03:16
Google got hit by a computer glitch that halved the selling price on the trading floor. It was corrected, and transactions during that time period have been annulled.
We should call it the google glitch. :lol:
http://img.photobucket.com/albums/v115/morningstarrising/Picture1-48.png
Bad month for Apple stocky:
http://img.photobucket.com/albums/v115/morningstarrising/Picture2-35.png
:eek:
torifile
2008-10-03, 06:30
Apple close to $100! Major support at $101.60--currently trading $101.65.
I cannot believe how hard hit the railroads are today--down like 20% across the board.
I'm in accumulate mode right now. This is bargain basement for a long-term AAPL holder.
I'm in accumulate mode right now. This is bargain basement for a long-term AAPL holder.
I'm buying at 80
Wish I had some extra cash laying around. This is a great buying opportunity.
torifile
2008-10-03, 15:00
Wish I had some extra cash laying around. This is a great buying opportunity.
I'm moving some of my investments around rather than investing more money. Selling a stinker of a mutual fund - it didn't even do well when the market was good! - and moving that money into AAPL. It's insane that it's dropped this much. I'm sure there's still potential for a continued decline but at this price, it was really hard to pass up.
I'm moving some of my investments around rather than investing more money. Selling a stinker of a mutual fund - it didn't even do well when the market was good! - and moving that money into AAPL. It's insane that it's dropped this much. I'm sure there's still potential for a continued decline but at this price, it was really hard to pass up.
That sounds like a plan. My mutual fund has been a dog too. My guess is that when the economy gets back on it's feet, Apple will do quite a bit better than that fund.
Apple beats expectations (http://www.theglobeandmail.com/servlet/story/RTGAM.20090422.wgtapple0422/BNStory/Technology/home?cid=al_gam_mostview)
iPhones still hot, very hot
iPods still hot
Apple computer sales down
I am not sure that this means the end of the halo, but is rather reflective of a recent downturn in the general computer market due to general economic conditions and particular conditions on the personal computer market. I understand (unconfirmed) that Apple computer sales are down less that that of other personal computer makers.
Also:
For the current third quarter, the company issued typically conservative guidance of 95 cents to $1 a share in profit on $7.7-billion to $7.9-billion in revenue. Analysts are looking for a profit of $1.12 a share on $8.28-billion in sales.
Apple's shares added $3.33, nearly 3 per cent, to $124.84 in after-hours trading after slipping 25 cents to end the regular session at $121.51.
torifile
2009-04-22, 21:48
Nice quarter and they're still accumulating profits from iPhone sales over the course of 8 quarters. Apple needs to do something with that $30 billion they've got in cash, though. Are they waiting until they have the cash to buy a freaking country or what?
Nice quarter and they're still accumulating profits from iPhone sales over the course of 8 quarters. Apple needs to do something with that $30 billion they've got in cash, though. Are they waiting until they have the cash to buy a freaking country or what?
Steve Jobs, the iDictator.
:p
torifile
2009-04-22, 21:55
Steve Jobs, the iDictator.
:p
It'll be like Singapore but cool.
It'll be like Singapore but cool.
However, shipping revenues will decline because Jobs will start getting rid of ports.
However, shipping revenues will decline because Jobs will start getting rid of ports.
hahaha
:lol: :lol:
Nice quarter and they're still accumulating profits from iPhone sales over the course of 8 quarters. Apple needs to do something with that $30 billion they've got in cash, though. Are they waiting until they have the cash to buy a freaking country or what?
Dunno. They probably could have bought PALM and RIMM a few months ago though. :D
vBulletin® v3.6.4, Copyright ©2000-2013, Jelsoft Enterprises Ltd.