Who said that? people wanted them but they were never at an accessible price point that the average person could afford. There is a huge difference between something people want but is expensive vs. something that is a solution searching for a problem to solve. At least in my own country the Galaxy Gear has turned out to be such a giant failure they're now giving it away for free with S4's and other Samsung products - from the buggy software to the fact that it is more or less a glorified remote control one has to ask what the benefit actually is. As for wearing a watch - who wears a watch these days? I look around my most of mine and the younger generation and no one wears watches these days so the idea of having a 'computer watch' is even more ridiculous.
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Apple Reports Strongest Ever Quarterly Earnings: $13.1 Billion Profit on $57.6 Billion in Revenue in Q1 2014
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Who said that? people wanted them but they were never at an accessible price point that the average person could afford. There is a huge difference between something people want but is expensive vs. something that is a solution searching for a problem to solve. At least in my own country the Galaxy Gear has turned out to be such a giant failure they're now giving it away for free with S4's and other Samsung products - from the buggy software to the fact that it is more or less a glorified remote control one has to ask what the benefit actually is. As for wearing a watch - who wears a watch these days? I look around my most of mine and the younger generation and no one wears watches these days so the idea of having a 'computer watch' is even more ridiculous.
All that stuff would take the Apple engineers working on the iPhone about a week to work through would be my guess.
The android phones are larger mainly because they couldn't do the engineering to deliver the necessary power to run android into a smaller form factor. Apple would have no trouble making a 5 inch iphone. Just they don't believe it would better than their 4 inch. I suspect that is because they feel the need to put the phone in the front pocket of their jeans is a key feature. I'm on board with that.
But making a larger phone is easier than cramming stuff into a smaller form factor.
Capitalism does not work.
Still every year people try to find any sense in it and wonder why Apple's stock declines.
Growth, unstoppable growth is all that counts.
In an organism such growth would be called cancer.
If you only see that Apple reported its strongest quarter ever and that the stock price falls the day after, it sounds chaotic, stupid and whatnot; but you are only seeing one part of the story. Stock prices are not driven by the actual profits of a company but by the potentiality of the company. Apple is growing, but at a lower pace than before, its income is very dependent on the iPhone and there are other players in the smartphone game that are selling well. It is obvious that new product categories are coming, but it's not sure that they will be so profitable as the present ones have been. The market's reaction to technology stocks (and to AAPL specially) is very exaggerated but that's because it's an area where a lot can change in a very short time. I think it's reasonable that a lot of shareholders decided to put their money somewhere safer, but the stock price will get corrected in the next days, which is also reasonable.
Which is great because 2 American carriers, AT&T and T-Mobile, will offer you cheaper monthly plans if you bring your own device to them. Consumers need to break away from the 2 year carrier ball and chain (contracts).
I wish Apple could have ditched the 4S entirely last fall and simply offered an 8 GB 5C at the same price.
If you're long on an investment, who cares what happens day-to-day? Unless you're trying to time the market yourself, these "gamblers" shouldn't bother you at all.
New Line
I heard the earnings report as basically guaranteeing a new product or service line in fairly short order. Cook tried to play it close to the vest. But he was really close to basically telling everyone that they are idiots and that of course Apple can and is going to come up with new stuff. In fact he basically said, we've done it, but we just haven't shared it with you.
I've no idea what that new stuff is. But I'm pretty sure it exists right now.
I heard the earnings report as basically guaranteeing a new product or service line in fairly short order. Cook tried to play it close to the vest. But he was really close to basically telling everyone that they are idiots and that of course Apple can and is going to come up with new stuff. In fact he basically said, we've done it, but we just haven't shared it with you.
I've no idea what that new stuff is. But I'm pretty sure it exists right now.
Or he is in a better position to buy more stocks, to have a louder voice to claim some of that $150b.
Compared to $9.5 billion last year that isn't so good, because it means no growth. Without growth the dividend of $3.05 per $500+ share is everything an investor gets. The company is doing great, but the stock can still be overvalued.Only if you are grading on a curve that has $9-10 billion in profits equal not so good.
Like I said, you are grading on a curve. Cherry picking the stats and trends that fit your point. I find it very impressive that Apple is maintaining its profits and margins while expanding its unit sales in a hugely competitive market.
And, again, we have the issue of additional differed revenue over last year.
Yep. Very comparable to its peers that offer dividends. Apple is at 2.2%. Microsoft is at 3.0%.
But you just switch the type of "growth" we were talking about from growth in profits to growth in stock price. Two very different things.
1) I didn't say anything about the stock.
2) The arguments that it is undervalued are a lot more convincing to me.
He bought another $500M today. So there you go. Make a lot of noise - help to decrease value; buy more shares and decrease his overall cost of investment so when the price goes up, big win.
The numbers aren't that intimidating for just purposes of estimating. I picked a number in the middle of the pack ($600) and used their overall product margin and came up with $1.34/share. Unless I made a mistake, not far from the mark. Now, was anyone forecasting earnings close to $16.00? Consensus was around $14.00.
I don't understand why people kept saying that Icahn would sell, that would be the dumbest thing he could do. Buy low, sell high. Now this morning he sees it as a buying opportunity and has bought another half trillion dollars worth.
Your opinion.
Now you've moved the goalposts from "pop in $" to "no innovation". As far as the nMP goes, even those who don't like it much have admitted that it's very innovative.
Your opinion.
Now you've moved the goalposts from "pop in $" to "no innovation". As far as the nMP goes, even those who don't like it much have admitted that it's very innovative.
His criticism of how Apple operates in regards to stock buyback, etc, I imagine (I have no metric) might have influenced stockholders/potential stockholders
Great. So now AAPL is doing worse than a stock, that I wouldn't even touch with a stick.
Profit growth needs to come back or else the stock is too expensive.
That probably had an effect but on the other hand, someone buying $3b (3.5 now) shows a lot of confidence too, so the opposite effect.
This recent decline has noting to with i-Cahn though.
You admit you have no metric. However we do have metrics that show every time he's disclosed buying more AAPL, and gone on his rants about more and more buyback, the stock price has gone up.