I think it's still got a way to drop with the current economic climate. Personally I expect the price to bottom out around $115 - 120
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Apple 1Q 2008 Results: Record $1.58 Billion Profit
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I think it's still got a way to drop with the current economic climate. Personally I expect the price to bottom out around $115 - 120
If I knew for sure why the market went up or down I'd be making millions on investments and not posting here.
Given that caveat, it seems to me that some investors are very sensitive to short term news. The news is mostly about blockbuster products like the introduction of the iPhone. They ignore incremental growth like we saw at MWSF this year. However, that incremental growth is what builds the base from which new blockbusters like the iPhone are launched.
If the overall economy and market were doing well and only AAPL was tanking that would be a concern. However, most of the world is tanking and AAPL is not a mainstream business so no surprise it is suffering, regardless of performance. The lower guidance for this quarter didn't help.
Speaking of MWSF, I thought there was a lot of good news. The addition of the MBA is nice because it expands the MacBook line. We can quibble about specs but this will be incremental business as it brings in new customers and sells as a second unit to existing customers. Apple continues to open new stores and the stores are working fantastically well. New firmware was released for the iPhone which added some new features, increasing the value and attractiveness of the iPhone without raising the selling price. It wasn't announced at the show but it seems that a huge update for Leopard will be released soon. Leopard itself has been selling well and has gotten good reviews. So, going forward I expect Apple to continue to grow. How the stock reacts is anyone's guess.
Given that caveat, it seems to me that some investors are very sensitive to short term news. The news is mostly about blockbuster products like the introduction of the iPhone. They ignore incremental growth like we saw at MWSF this year. However, that incremental growth is what builds the base from which new blockbusters like the iPhone are launched.
If the overall economy and market were doing well and only AAPL was tanking that would be a concern. However, most of the world is tanking and AAPL is not a mainstream business so no surprise it is suffering, regardless of performance. The lower guidance for this quarter didn't help.
Speaking of MWSF, I thought there was a lot of good news. The addition of the MBA is nice because it expands the MacBook line. We can quibble about specs but this will be incremental business as it brings in new customers and sells as a second unit to existing customers. Apple continues to open new stores and the stores are working fantastically well. New firmware was released for the iPhone which added some new features, increasing the value and attractiveness of the iPhone without raising the selling price. It wasn't announced at the show but it seems that a huge update for Leopard will be released soon. Leopard itself has been selling well and has gotten good reviews. So, going forward I expect Apple to continue to grow. How the stock reacts is anyone's guess.
And now MicroSoft's roadmap is for Windows7 to b out next year - its Hastal la Vista!
Well the market share, needs to be adjusted to include this 2.3 million iPhones. But the 4million estimate for the number of iPhones sold is as of the 200th day or the day of Macworld accounts for the 4th Quarter numbers and some of Q1 2008.
Looks like the stock is going to tank some more tomorrow...I'd say the day after is probably a good time to buy....or maybe the stock will hit a sub $100 bottom and then shoot up again...
I feel sorry for the people who bought at $200!
I feel sorry for the people who bought at $200!
And you get that from these numbers how?:
- 2,319,000 Macs shipped (44% unit growth and 47% revenue growth)
44% unit growth - pretty impressive for a company falling back in to being a niche player.
I am amazed by all you Air whiners - you act like they have discontinued the MacBooks & the MacBook Pros(the 6 models ranging from $1100 to $2800 not enough choice for you?) and will only sell you the Air. I guess you want a 3 lb machine with a 750GB drive, 8GB of memory, dual Blu Ray Burners and 5 Fire Wire ports? I suggest time travel(or a cart to wheel around your 15 lbs laptop).
More of the same . . .
Jack M.'s last update on "As the Apple Turns" back in October of 2005:
"Apple has its best quarter and year in the history of the company-- so of course its stock tanks."
Jack M.'s last update on "As the Apple Turns" back in October of 2005:
"Apple has its best quarter and year in the history of the company-- so of course its stock tanks."
Market share is how much of the market apple gets. The size of the total market is a different number. So market share and growth (or saturation) are unrelated factors.
Am I putting too much faith in the subscription services? ATV and iPhone are initial hardware purchases associated with small daily returns on rentals, SDK apps, and AT&T profit sharing.
I'd expect all of these earnings to be a great catalyst for new products and technology.
I'd expect all of these earnings to be a great catalyst for new products and technology.
Just as an historical note, the last time AAPL sunk this far this quickly was in September, 2000, and it stayed sunk for years thereafter.
These are practically identical numbers, differing by only 0.17%. Fascinating!
I wonder how much the customers overlap. I'm sure only a small percentage of Mac owners bought an iPhone, but how many new Mac purchasers this last quarter have an iPhone? And what percentage of iPhone users own a Mac?
So if the new MacBook Pro came out January 15, stockholders would be happy for years, but if the same models come out tomorrow morning then Apple will have doomed their stock for years to come?
It's mostly due to the fact that Apple has given lower revenue guidance. If you listen in to the conference call, the analysts are prodding Apple continuously why their predictions for the current quarter are so low. Apple has done this before, coming up with an excellent product, guiding low, and the stock price drops.
I always have the impression that Apple really, really wants to beat its prediction in every quarter, but has no interest at all in the stock price.
The "weak" iPod sales has more do with the fact that everybody already has an iPod! Yes, the market is saturated with MP3 players but I've tried them all and other than the iPod they are all still terrible. With Apple adding all the apps to the Touch effectively turning that into the Apple PDA we should see iPod sales start to pick back up again.
Oh, and as someone who spends A LOT of time (not telling why!) in an Apple store I wouldn't be surprised to see Mac market share shoot up to 15%-20% by next year. People are finally dumping Windows and buying Macs in droves. It's going to be a fun year!
Oh, and as someone who spends A LOT of time (not telling why!) in an Apple store I wouldn't be surprised to see Mac market share shoot up to 15%-20% by next year. People are finally dumping Windows and buying Macs in droves. It's going to be a fun year!
Well, absolutely, 2.3 million Macs sold, $9.6bn revenue and $1.58bn profit, we'll be lucky if Apple still exists by the end of the year
For a bit of reality check: Which product made more profits in 2007: (a) XBox 360. (b) PS3. (c) Apple TV.
Looks like the stock is going to tank some more tomorrow...I'd say the day after is probably a good time to buy....or maybe the stock will hit a sub $100 bottom and then shoot up again...
I feel sorry for the people who bought at $200!
I feel sorry for the peope who missed buying in at $15 and never tried again...
*chuckles*
Do you think really think Apple is going to neglect the MBP for much longer? I've heard rumors saying MBP updates as early as next month. Who knows, maybe sooner. Surely this 3-week-late update will destroy the company! How could Apple have made that mistake?!
Oh, and RE: MBA, there are just enough idiots out there to make the MBA a popular device. It's Apple. It's RDF. It's inevitable.
*sings*
...so put on a happy face!....
-Clive
So far this is the dumbest comment made in this thread. It'll take a lot to beat the stupidity of this analysis.
Well, absolutely, 2.3 million Macs sold, $9.6bn revenue and $1.58bn profit, we'll be lucky if Apple still exists by the end of the year
For a bit of reality check: Which product made more profits in 2007: (a) XBox 360. (b) PS3. (c) Apple TV.
I'm guessing c