...and yet they omitted the one elephant in the room:
"non-"US dollar strength-related" price increases on their iPhones (though that's true for MacBook Air just as well)
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AAPL Opens at $144, Sliding Nearly 10% After Major Revenue Cut and Down 35% Since Early November
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"non-"US dollar strength-related" price increases on their iPhones (though that's true for MacBook Air just as well)
You forgot to mention the huge wedge they get from Google to be default search engine on the phone which gets lumped into services.
Mac-side? I'm talking about the pro-side (although 'side' is misleading). Actually create something with IOS other than a tiktok video. I doubt dare you.
iPhones aren't used to create, only consume. I can do that with any web browser.
[doublepost=1546640129][/doublepost]The hilarious thing is if Apple wants to get serious about providing a back-end which their i-toys can interface with, they'll have to either bring back Xserve or run off someone else's platform. Why anyone would want to be tied to Apple's proprietary crap in the first place is beyond me, however. Maybe the next iPhone won't even have a web browser and instead have the internet presented via AppleShare and HyperCard 4.0.
I mean, don't get me wrong; I get the 'app' revolution. In some rare cases it's actually led to productivity gains. Nobody is using Apple for enterprise except as the final interface, however, so what's stopping people from just switching to a cheaper device?
Gee, who could have predicted this? Methinks Tim Cook spends too much time at the Gap and not enough in the stockroom. He probably blew Apple's budget on a thunderbolt vibrator powered by Windows.
Nope. Not at all. At the time I was a just an Apple advocate and buying up their stock with whatever pocket change I could spare. And I have continued to do so since then every chance I can get, such as yesterday when the stock tanked. I took some liquidity that I had and bought up as many shares as I could. I have already made a profit on those shares.
I like to say that "Steve is providing my retirement income."
Thanks, Steve!
MacDann
No video, or if there is, it is internal DoD only. And just to be clear, I don’t think it will be war as much as it’s a signal that the Trump administration still has plans for sticking it to China. And this uncertainty and rhetoric is not going to help Apple’s situation.
Circling back on this post after a year (it's now 12/27/19). Had you bought this stock at this price, you would be currently seeing a gain of 100%. It's currently trading at $288. Bought ten shares for $144? Now you have $2,880!
BUY THE DIP!!!
Glad I bought those shares. Dead on analysis.
Hope some of you listened to reasonable advice during a time of doom and gloom. Things can always change, but those gains are real today. Sell if you must; Apple is certainly more fairly valued now.
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Hope you listened to me.
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This is why this kind of analysis is totally pointless. You’re just guessing, based on zero facts.
Instead, do something productive. You can analyze a company and decide the stock is too cheap (which AAPL was when this thread was posted) and I explained why you should buy it in this thread. Apple at $140 was a joke.
You were dead wrong and Cook has once again proven he is the best guy for the job and a top 3 CEO in the WORLD.
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And yet, still wrong and way too simple of an analysis. Apple needed to execute better in China and signs have showed they managing to do so.
More importantly, the market started to understand the story of Apple and give their prodigious earnings the respect they’ve deserved for so long.
The report that sent shares down was a response to the issues in China, not a pricing or innovation issue. Every other market performed as expected.
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Stick to your day job.
There is no such thing as an edge unless you are getting insider trading.
Even the best predictions are still predictions.
Diversification is never risky unless everything goes down.
Warren Buffett has said diversification is for idiots. I don’t necessarily agree, but a few opportunities will present themselves over time and you can profit if you’re aggressive and seize them. Apple at $90 a few years ago and $140 last year were 2 of those. Simply too cheap and insane to be trading there.
Anyone that says to put all your eggs in one basket probably would not be the best long term financial advisor. It is why diversifying has its advantages depending on your circumstances.
Case in point, one person listened to the resident “Macrumors financial guru” here and lost quite a bit of money when they bought at 190 but dropped to the 140s. They weren’t prepared for the volatility and whined about it. They are lucky now that it has gone up because it’s just paper money until you sell.
Nothing is ever for certain in financial markets, and it’s why it’s always a risk.
Case in point, one person listened to the resident “Macrumors financial guru” here and lost quite a bit of money when they bought at 190 but dropped to the 140s. They weren’t prepared for the volatility and whined about it. They are lucky now that it has gone up because it’s just paper money until you sell.
Nothing is ever for certain in financial markets, and it’s why it’s always a risk.
Hindsight is 50/50 as they say, and it’s interesting to go back and view the past year. And oh, what a difference a year makes.
Those who understand the markets and rode the Apple wave were rewarded. Seems like the “Macrumors financial guru” may know a thing or two.
Those who understand the markets and rode the Apple wave were rewarded. Seems like the “Macrumors financial guru” may know a thing or two.
I don’t know who you’re talking about, but after buying Apple at $190, the strategy at $140 should be buying more or waiting. Never sell a company doing exceedingly well because the market overreacts to news and the stock drops.
I pointed out in this thread all the positives Apple had going for it, despite the dip to the $140s.
The story at Apple didn’t change just because they ran into some China headwinds and stopped reporting unit sales.
Apple at $140 was a gift.
In general, the biggest risk is NOT being in equity markets. It’s the single best way to grow your money, empirically. You will never make enough money if you avoid stocks. Cash is probably the riskiest asset to stay in long term.
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Don’t know what pessimistic posts like these mean. Again, stocks are the only game in town. Avoid them at your own peril. Not every company is evil. Many of them make real products and services we can enjoy and in turn make real money.
The accounting allowed at Enron is no longer allowed and no one is talking about companies like Enron in this thread. Apple is as far from Enron as a company can be. No one understood how Enron made money.
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And what if they were wrong? I remember when Baymowe bent over and apologized profusely during the China debacle. Then the instant the prices went back up, forget their temporary display of humility. We can easily dig up these funny posts and show what kind of person this is. He is just another analyst and should be taken with a grain of salt just like all the “bearish” analysts on these forums.
The only thing he knew to do was react to the market. Although I don’t disagree with him, He’s been knocking down Tesla but still going up. So many things, including Apple, right now are close to their all time high. If the financial markets and Apple were so easy to predict, everyone would be all in. I would expect him to liquidate his entire portfolio and throw all into Apple. His last gloat post i read indicated he diversified somewhat 🤣
Lastly on what reward really is. I tell everyone you are only rewarded when you sell. There is no tangible reward if you don’t sell. It is fun though to see your portfolio numbers including Apple go way up.
The difference is I’m consistent and unequivocal about my long term Apple position. I said it was undervalued and have consistently said so. We are just now getting to a reasonable valuation. I was right, call me “any other analyst” all you want. I had a much higher long term PT long before it was trading at $290 or any analyst on the street called it. I was first. I’ve been accumulating shares like crazy at various times under $200.
Even you can agree I’ve been consistent, never wavering.
I also said it was an overreaction and a buying opportunity at the time. I also said the issue was limited to China and the other markets were insanely strong. I mentioned the cash flow, profitability, cash position, buyback, valuation, and active device count with a growing emphasis on wearables and services.
I wouldn’t own Tesla for valuation reasons. They have to be profitable. I’ve been on record saying Elon Musk is a genius and I certainly wouldn’t bet against him or Tesla. I simply don’t believe in buying companies that are losing money.
I don’t have to be right on every company. I don’t have to have a financial position on every stock. I buy what I understand. I understand Apple and it was undervalued at $140, like I pounded the table it was. Market has confirmed my position. Sell now if you must and the advice was free and extremely valuable if you acted.
I told you Tim Cook was a beast too.
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I've been long in Apple since the mid 1990s. Every spare penny I had went into Apple stock for a number of years. I will retire comfortably courtesy of Steve and friends.
With a stock like Apple you've got to be in for the long game. It's not a stock for day traders. You also have to ignore the daily fluctuations of the markets or you'll have an ulcer or die early from stress. As long as it continues to go up day after day, even in small increments, you're ahead of the game.
MacDann
With a stock like Apple you've got to be in for the long game. It's not a stock for day traders. You also have to ignore the daily fluctuations of the markets or you'll have an ulcer or die early from stress. As long as it continues to go up day after day, even in small increments, you're ahead of the game.
MacDann