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AAPL Stock Recoups Losses Incurred After Tim Cook Slashed Apple's Revenue Guidance
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I'll admit Apple could have gotten better value from that buyback money, but those shares bought back will be gone and that's a good thing going forward. Maybe there wasn't any sure way of Apple knowing the stock was going to fall 30%. It sure caught me by surprise. I should have realized I was going to be screwed by Apple at some point as it's become a cyclical thing every few years.
You are right. This is the price range they were in this time last year. There was a lot of gloom and doom concerning the “overpriced” iPhone X. The run up in price came on like a slingshot from the depths related to false story after false Stories about iPhone X. I’m seeing a pattern here and wish I had a substantial amount of cash available to play thi game.
What you're suggesting isn't that easy to do or every company would be doing it. Even if Tim Cook leaves, there's no guarantee who follows him will be significantly better. There are plenty of useless CEO's out there promising they'll do a great job if hired. Finding someone like Steve Jobs is nearly impossible. Apple is still the fourth valuable company on the planet but it could easily get a lot worse with a new CEO than a lot better. Anyway, there are no guarantees whether Cook leaves or stays.
Ah...you mean disruptive technologies that Apple's competitors and other tech companies have come up with over the last 10 years, such as Samsung, Microsoft, Dell, HP, Asus, LG, Sony, Lenovo, Acer, Toshiba, etc.
They've come up with so much disruptive technology, similar to the iPod and iPhone, that it makes everyone's head spin.
It's easy, right? Maybe you could offer some suggestions of truly iPhone/iPod class disruptive technologies Apple might pursue. After all, all the above companies are kicking butt on that front, correct?
He panicked and sold off his entire position @ $143. People like Buffett don't have the stomach for this sort of thing at the end of the day.
If Apple "Over hyped and under performed", then what is the rest of the stock market's excuse for the past few months?
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And a slightly longer term view is that Apple stock has SPLIT something like EIGHT TIMES since its low of just over $12 in 1997(?).
So how's THAT for some "Perspective"?
See, e.g., Forrest Gump (the movie)...
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Stock market prices are a prime example (no pun) of an under-damped closed-loop control system, with FAR too much "gain" in the Integrator.
Prices start to go up, so they go up faster.
Prices start to go down, so they go down faster.
Most of the time it is nothing more than sensless and often destructive financial navel-gazing by so-called "ANALysts" who have little to no actual in-depth knowledge of the factors involved, especially when it comes to "tech" stocks, like AAPL.
Apple will need a new revenue source to grow into a trillion dollar company. But considering they went from making no watches to being one of the largest watch makers in the world (by revenue) in about four years, I wouldn’t bet against them having another big revenue source in a couple of years. And since I own Apple shares, I’m betting that they will every day I decide not to sell those shares.
He is a wise investor. So he likely held onto his AAPL stock.
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And UP many THOUSANDS of percent in 6 years.
Now what?
Warren is a successful investor - but not with AAPL. He bought AAPL very late, not in 00's or early 10's. Zero in the 90's
.Apple stock is NOT up 1000's of % in the last 6 years - you know we can look these numbers, right?! Some, like me, actually have these shares - so ...
And, yes. he is fidgety with this stock selling too soon and then getting back, but not with the kind of loss you and I would - minimal profits.
Citation is NOT available here to spoon feed you with ABC's - Berkshire is open to look into by anyone, so do your homework and then discuss here
.My curiosity didn't stem from the idea that he might have sold AAPL. I doubt he did, or that he sold much if he did.
I'm wondering if he bought more AAPL and if so how much.
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I think that was sarcasm.
So you are saying he "sold off his entire position @ $143"?Citation is NOT available here to spoon feed you with ABC's - Berkshire is open to look into by anyone, so do your homework and then discuss here
They gave pretty much all of the critical numbers needed to make a judgment about where the company's at a month early, and indeed they may have simply sought to get any bad news out of the way so that they can focus on the good news on the earnings call.
I'd be surprised if the Q1 earnings aren't already priced in.
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What?
Over the past 6 years, AAPL has traded in an (intraday) range from $55.01 to $233.47. That's not even close to 1000% from its minimum, let alone "many thousands of percent."
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As another poster said it was sarcasm.
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Ugh sorry for the confusion I should have known some people wouldn't see it is sarcasm. I will go out on a limb and say that Warren Buffett probably did not sell his entire position of Apple it is lowest point during the recent down turn.
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If Apple makes its most recent guidance it should be priced in. The stock isn't quite as wonky lately and doesn't dip at most news. For awhile any news good or bad was bad news and a dip. However if they don't make their recent lowered forecast and do not give out phone unit sales they will most likely be punished. Did the watch make up much difference? Nobody knows. It will be down to they either make guidance or they don't. That's the way Apple wants it and as such they will in my opinion be murdered if they don't make their forecast.
Now that they won't give out numbers is Cook going to say they broke records in the USA, Germany, and where ever else he has reported that? I guess he has every right to do that but Wall Street is going to be suspicious with out numbers. It is going to be a weird couple of quarters for Apple.
No - I did not say that. You were countering "that" statement with a "citation, please"! The better way is to find exactly what Buffet did with his AAPL stocks and say as a counter, here, this is what happened!
Too many people engage here rhetorically with a "show me the proof" or "citation please", etc., with no real contribution to the conversation!
I know what Warren did since he made the first announcement about his involvement with AAPL - I was stunned how slow he was off the block with it.
He likely bought more.Warren is a successful investor - but not with AAPL. He bought AAPL very late, not in 00's or early 10's. Zero in the 90's
Apple stock is NOT up 1000's of % in the last 6 years - you know we can look these numbers, right?! Some, like me, actually have these shares - so ...
And, yes. he is fidgety with this stock selling too soon and then getting back, but not with the kind of loss you and I would - minimal profits.
Citation is NOT available here to spoon feed you with ABC's - Berkshire is open to look into by anyone, so do your homework and then discuss here
AAPL has easily outperformed the market since Cook took over even with the recent slide, so not sure what you're upset about.
Nah that's what I would do. Buffett will most likely wait until it goes down a bit more to buy. Ugh I really didn't mean this to become a WWWD thread.
Are you factoring "Splits" in there? I am no math wiz, and I CERTAINLY suck at math (and, apparently, the calendar, too!); but I was just thinking of how much the value of, say, 10 shares of AAPL would be worth in 1997 vs. now. Obviously, that isn't the 6 years I quoted... Sorry!
That's what happens when you post while trying to also do work! ;-)
No, he likely bought more when it was being thrown to the curb like trash. It's already up 10% from the low.
Wow what a different reception from the stock price dropping thread... 30 pages in no time... Tim Cook sucks... Customers finally giving Apple the finger cuz prices are too high! JUSTICE!!!!
Now.... it goes back up and it's not Apple! It's the entire stock market! (which don't get me wrong, I agree with this).
Now.... it goes back up and it's not Apple! It's the entire stock market! (which don't get me wrong, I agree with this).
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