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Apple Again The Second Most Valuable Publicly Traded Company in the World

Oracle1729 said:
I'm actually curious how many of those iPhones were 5's vs older models, because while I do know some people with 5's, I know some who bought 4's over christmas. And I know one person who got a 5 at launch and sent it back to go back to his 4s because the 5 is a piece of crap.

As far as the iPad, when you're talking about a brand new mini at $330 this quarter with all the pent up demand vs a 6 month old iPad 2 that was basically a skinny iPad 1 in the same quarter last year..I'm suprised it's only 40% same quarter growth on the iPad. And I even pulled the trigger on a 4 after skipping the 2 and 3.

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So, while Apple stock is in freefall, you want it to drop even lower? And you claim to like the company? With customers as like you, it's no wonder they actually do manage to sell a few new iMacs and iPhone 5's.
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40% increase is not big enough? that's pretty insane. that's based on your assumption of "pent up demand" when this is realistically a six month refresh cycle and limited supply of ipad mini
 
Can anyone tell me how I can buy shares in Apple from the UK as efficiently as possible?

I'm not rich and I don't have money just kicking around in savings accounts but this is just too ridiculous to be true. I'm thinking of buying 4 or 5 shares and using the inevitable (in my opinion) growth in the coming months to fund the family summer holiday!

WTF is "the market" smoking???
 
k3ith said:
Teach me your ways! what books have you read???
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Well I spent five years studying finance. That was a start. And I've worked as a business analyst for the last six or seven, a corporate metrics guy for close to 15 total.

I don't really advocate individual securities for people who are new to finance and have less than $100k in investible capital. You are not likely to beat the 30 year historical average of the S&P index.... so you're better off sitting on an index fund and letting it do the work for you.
 
Ryth said:
Any other company would sell their soul to have Apple's fundamentals, revenues, and product line where they are weeks behind because people want their iPhone and iPad.
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Apple does still have good fundamentals. But since they're not willing to throw Timmy on the street where he belongs, they may as well save some time and trouble and declare bankruptcy now.
 
Apple's $700 price wasn't based on the best quarter in history, it was based on significantly better than the best quarter in history. Stocks trade based on future performance, not current.

If analysts didn't have such lofty expectations, it never would have been at $700 in the first place. The same thing brought it up to $700 as it did down to $450 -- too high of expectations.

Who cares is Apple was a growth story without a growth PE? It's not a growth story anymore. If it had a PE of 20 you would have gotten twice the haircut you did. It doesn't matter if it had 100% growth last year, the point is that it doesn't have 100% growth this year and won't next year either.

It was a good ride for those who got in early or those who sold at the top. If you're buying now for a big gain in the future, I'd look more towards something like AIG. Apple will never see it's high valuation ever again imo.
 
I bought 3 shares back when they were $32 per share. The stock has to drop quite aways before I start getting nervous. Sure, lost out on a to if I'd have sold at $700, but I'm still at over 100% of the price I paid. I'll ride it out.
 
Never made sense to me why a consumer products company was valued over an oil company. Guess those that invested in apple got taken by the bubble. Now, we're seeing the burst.
 
Avatar74 said:
Well, we're on the same page as far as the school of thought on valuation.... I'm an avid fan of Graham and value investing. However, by that calculation (I come at it from triangulating a few different calcs including that, terminal value and my own formula for determining operating value)...

But here's my question then: Apple's Graham Number is $308. They're priced at $444. So by that metric your statement that they are "way underpriced" is HUGELY false.

To have a comfortable margin of safety, using Graham's philosophy, they'd have to be trading somewhere between $230 and $270 per share (10-25% margin of safety) since the Graham Number is the theoretical absolute MAXIMUM one should pay.... but not the ideal bargain with a sensible margin of safety to insulate one's self from potential of catastrophic loss.
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Isn't the Graham number unreliable with tech and growth stocks? I just read a bit on the Graham Number, and it seems to be excellent criteria for defensive investors in choosing defensive stocks. But the formula involves book value, which could give misleading numbers for tech stocks. There aren't any reliable methods for gauging the value of Apple. Apple is a good example of why Graham recommended to avoid growth stocks (unless it's at a reasonable price).
You seem to be very experienced. Do you stay away from growth stocks? How would you analyze whether a growth stock's price becomes reasonable? All I could think of is examining financial stability and its competitive position in the industry. Good entry point would be during over-pessimism (this year?). There seems to be an overreaction due to EPS growth breaking down.
 
applebook said:
Apple is doomed! Let's start throwing our Macs out the window and migrate to Windoze :rolleyes:
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15" MacBook Pro i5-520m . 128Gb SSD / 750Gb HDD . LG Optimus LTE (720p IPS) Android 4.0.4.

You kinda answered the "Apple is doomed" by your posting of the product you own "Optimus LTE (720p IPS) Android 4.0.4." It's not Microsoft,that Apple needs to worry about...It's google! Until someone figured a way to hurt there core bizz (maybe facebook?) Google is going way higher,and Apple way lower!
 
Second most traded?? Nonsense! Sell your stock now before it's too late :rolleyes: ~!



Funny to see the idiots and nay-sayers like this whenever Apple makes a minor bungle.
 
wedouglas said:
Apple's $700 price wasn't based on the best quarter in history, it was based on significantly better than the best quarter in history. Stocks trade based on future performance, not current.

If analysts didn't have such lofty expectations, it never would have been at $700 in the first place. The same thing brought it up to $700 as it did down to $450 -- too high of expectations.

Who cares is Apple was a growth story without a growth PE? It's not a growth story anymore. If it had a PE of 20 you would have gotten twice the haircut you did. It doesn't matter if it had 100% growth last year, the point is that it doesn't have 100% growth this year and won't next year either.

It was a good ride for those who got in early or those who sold at the top. If you're buying now for a big gain in the future, I'd look more towards something like AIG. Apple will never see it's high valuation ever again imo.
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QFT

And for those thinking about buying - there is a saying:

"Never catch a falling knife!"

We don't know where Apple's bottom is. Though I personally think they will go below 300, as the stock was highly overvalued and a lot of people's stopp loss orders will kick in (I sure hope some of you had a trailing stop-loss on AAPL).
 
swagi said:
QFT

And for those thinking about buying - there is a saying:

"Never catch a falling knife!"

We don't know where Apple's bottom is. Though I personally think they will go below 300, as the stock was highly overvalued and a lot of people's stopp loss orders will kick in (I sure hope some of you had a trailing stop-loss on AAPL).
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there's also the saying to be greedy only when others are fearful. Who said that... warren buffet?
 
I think this is excellent news.

I'm someone who has started to pull away from Apple (now have a GS3 and am looking at Windows laptops at the moment).

For the last few years Apple have been resting on their laurels - why push their products forward when they can't make then quick enough?!

Hopefully, this fall in share price and investor confidence will make Apple pull their socks up and actually start to bring out some truly great products once again.
 
HobeSoundDarryl said:
Before Apple went mainstream the stock was about $7 and Dell was encouraging "them to shut it all down and give the proceeds to the shareholders".

$7 to $440 is a dream I'd love to have again and again. $7 to $700 was insanity for the naive rationale of the same dream.

There's nothing wrong with mainstream. The issue- IMO- is that the pace of next big thing innovation needed to keep up with expectations of record growth failed. We needed a bona-fide next big thing- not a Mac and not an iDevice or variation thereof- and we didn't get it. As such, the established product mix was not strong enough to keep the slope of growth as steep as it has been... especially projecting forwards from here.

2001: iPod
2007: iPhone (6 years later)
2010: iPad (3 years)
2012: needed next big thing (2 years)
2013-14: needed next, next big thing (1 year)

Else, refine and refine old, next big things and switch from being a growth company to an income (dividend) company. That switch is always required. A company can't rapidly grow every year forever... even Apple.

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Exactly. And those people selling AAPL are not switching to Samsung either.

Nor, does a falling share price = "AAPL is doomed". Apple doesn't even need to sell stock anymore to fund it's business (we fund it by buying Apple stuff hand over fist).

Nor, does it mean Apple products are bad. They just set records for sales of their products. A whole world is buying Apple products at a rapid clip. In some cases Apple can't make enough of them.

It simply means that investors holding AAPL are choosing to not hold it. Maybe they are shifting investments to other companies or maybe they are going to cash. Maybe they are cashing out in anticipation of needing the money to buy the new Apple Television? At some point, the very same investors could all decide that AAPL has hit some kind of bottom and is about to roar again and all flood right back in, which would drive the share price right back up again.

Buyers buying faster than sellers selling generally moves a stock's price up and vice versa. Right now people want to sell more than buyers want to buy. It can't stay that way forever but it can stay that way for quite a bit further from here. Or not.
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"It can't stay that way forever but it can stay that way for quite a bit further from here. Or not."
LOL... I think you've summed it up perfectly.
 
blackhand1001 said:
Exactly, the apple tv is not going to be huge like people keep saying. That market is already saturated and people aren't going to pay extra for the apple logo on something like that. There are already competing smart tv's already. Not to mention most people have a gaming console which all have netflix streaming and the like already. If you don't have that you can buy a 50 dollar roku streamer anyway. TV's are a low margin business. Apple will not be able to charge the rates they would want margin wise without alienating all the customers. Its just not going to be a huge hit.
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I never could see Apple coming out with an actual TV set. It never made much sense to me. All the things people want from their TV really have nothing to do with the actual physical TV except for screen size and picture quality. It's all about what you put on the TV screen. It's about the media. Getting the media that everyone wants and getting it at a reasonable price is a nasty can of worms. Until they can work through that nasty can of worms, making a TV with an Apple logo on it is a worthless idea.
 
Capitalism is stupid, good thing Apple doesn't care about this crap, they just gonna continue trying making the best products in the world.
 
MacDav said:
I never could see Apple coming out with an actual TV set. It never made much sense to me. All the things people want from their TV really have nothing to do with the actual physical TV except for screen size and picture quality. It's all about what you put on the TV screen. It's about the media. Getting the media that everyone wants and getting it at a reasonable price is a nasty can of worms. Until they can work through that nasty can of worms, making a TV with an Apple logo on it is a worthless idea.
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Exactly, and it had another problem, the regional differences regarding the content and distribution
 
Well, well, well

That's right. Keep the iCrap coming for the fickle kiddies. Ignore and insult the high end tech pro base until they leave in droves. Dumb down the OS and FCP. See just how quick cutting edge cachet wears off, and forever.

Every dire thing I ever predicted and tried to turn around, right on schedule.

Be back in several to dance even more in the rubble.

:apple:
 
MSUSpartan said:
Yes the whole industry where the smartest people in the world works are stupid.
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I thought the smartest people in the world were scientists and engineers? Wallstreet hacks are clever, selfish, and cutthroat, but I wouldn't rank them near the smartest people in the world by a fair margin. And I am in finance.
 
xbjllb said:
That's right. Keep the iCrap coming for the fickle kiddies. Ignore and insult the high end tech pro base until they leave in droves. Dumb down the OS and FCP. See just how quick cutting edge cachet wears off, and forever.

Every dire thing I ever predicted and tried to turn around, right on schedule.

Be back in several to dance even more in the rubble.

:apple:
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gotta say...yep you were right..

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krazzix said:
Capitalism is stupid, good thing Apple doesn't care about this crap, they just gonna continue trying making the best products in the world.
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that's the point.....they don't make the best products in the world.
 
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