Well if Ive is going too far and no one is there to reign him in Cook just gave him a lot more power and raved about him in that Boomberg interview. So I guess we'll see if giving Ive more power is a good thing or not...
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Apple Stock Down 10% in After Hours Trading Amidst Concerns of Flat Growth
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Well if Ive is going too far and no one is there to reign him in Cook just gave him a lot more power and raved about him in that Boomberg interview. So I guess we'll see if giving Ive more power is a good thing or not...
People have to be insane to buy apple right now. They can only go down. They were on top for 10 years but the industry has caught up with them. No way can they maintain their explosive growths. Ideas are going to run out sooner or later, competition is going to kill apple, Steve Gods is gone, Apple are too conservative right now.
And just like any tech company (MS, Nokia, RIM) there is no way that Apple can stay at the top for another decade.
And just like any tech company (MS, Nokia, RIM) there is no way that Apple can stay at the top for another decade.
reports indicating it will hit $400 before really "rebounding"
wow, what a fall
and to think people were saying Apple would be first $1000 a share stock, lol
wow, what a fall
and to think people were saying Apple would be first $1000 a share stock, lol
it wouldn't have been the first $1,000/share stock. That honor already belongs to Berkshire Hathaway.
There are plenty of $1000 share stocks. Berkshire Hathaway trades at over $163,000. People were claiming that Apple would be the first to a trillion. That's looking unlikely. Apple is still worth more than Google or Microsoft, though Exxon Mobil might pass it up again soon.
I'd not touch AAPL right now. We're heading to $425 short term, and probably $400 before it really stabilizes. If you're LONG and want to hold it a while and not look at it, go ahead, but I am waiting to see some stabilizing in the charts before I decide to hop back in. I can't let emotion get in the way. I love Apple, but I can't afford to lose everything because of them.
Well said!
I've been an Apple user/buyer for 15 years; but I'm fed up with the lack of innovation.
iMac: Apple seem fixated with making the iMac range slim at the expense of usability (no optical drive, SD slot on the rear (WTF!), still the big chin, no iWeb, no iDVD). Its also bloody expensive in the UK!
Mac mini: Apple had the opportunity to make this the best media server ever with the simple introduction of Bluray and a TV tuner ... but they blew it and gave us less ... taking away the optical drive trying to force us to the app store and cloud. As for Apple TV ... again another wasted opportunity.
iPod: iPod mini designed by a child - a backward step, the touch too expensive!
Powermac: may as well discontinue the range!
iPhone: The iphone 4 was a step backward in design from the 3, not to mention antennagate! The iPhone 5 is bland and boring and phones like the Galaxy S just seem so much nicer and more feature packed. Wheres NFC, wireless charging, 4.8" screens, non scratch casings, Google maps!
iPad - the only thing Apple have got right; although the price is stupid, no SD SLot to expand memory (greedy) and not bringing out a retina iPad mini was just a sign of greed and/or lack of regard for innovation.
Apple has lost its shine for me; I'm holding out for a retina iPad mini but a Galaxy S4 when its out .... and maybe a move to a PC line in the future. Like the tide turned against Microsoft in favour of Apple, I think likewise we'll see the same happen to Apple now; as people are getting fed up of nice looking expensive products lacking in features compared to the competition that has caught up; as well as Apple's greed, bullish nature, ego and general changing from what was a small cool company to a global domineering money grabber.
Phew!
2007 The iPhone, 2008 Macbook Air, 2010 iPhone 4 with retina display, 2009 unibody laptops, 2009 The iPad, 2011, iPad retina, 2012 Retina Macbook Pro.
what the **** are you talking about that there is no innovation?
These were all products that changed the market and made all competitors follow suit. And the ones I mentioned are only the hardware innovations.
There are not enough
on the planet for your comment.You and many people here are mixing innovation up with the thing that Aladdin does when you rub his lamp.
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Never been an Ive fan! Apple may have pretty looking products, but compared to the competition (which is growing more each day!), theres no longer any innovation ... just lots of bullying litigations and products with problems and reduced features. Apple have rested on their laurels far too long and are in danger of seeing their market share destroyed by others. If MS can sack crazy Balmer and get someone good in there, people will flock back to them ... as even I (an Apple user for 15 years) am ready for a change! The tide is turning, MS will surely become the new Apple very soon unless Apple can innovate to justify their prices and place at the top of the hardware manufacturing pile.
Yes, the jury is still out but the evidence against him is more than merely circumstantial. 2013 is, indeed, the time for him to prove his rocky start was just an anomaly. I think most have given him the benefit of the doubt, especially during the transition. But that's over. We need to see Tim Cook, leader.
Most likely is Google is getting them nearly at cost from LG. So LG is making money (just not as much as selling the Optimus G to AT&T and others directly).
after Steve passed away rip. there hasn't been anything innovation time to get somthing new
Passbook app
This fall in share price is just mind-boggling, certainly doesn't make sense based on fundamentals. Yes, their earnings are flat year-over-year, but you have to keep in mind that Q1 2012 was by a large margin their biggest quarter ever. And, revenue has continued to grow. Earnings have not kept pace because margins are lower. If margins were lower because they had to lower the price on products, that would be one thing. But as Apple consumers we know the price hasn't fallen. Rather, component costs are higher since they are transitioning to new technologies. These will get lower, which will bring earnings higher with them. In the meantime, you can collect your 2.1% dividend while you wait. Right now, they have a P:E of a company that has expected earnings contraction.
My issue/concern with Apple, as a company, is....what's next? If you really sit down with a pen and paper, Apple sells 4 things: iPhones, iPods, iPads, and a Macs.
3 of those above 4 products are essentially the same thing: iOS on different size devices, of which those devices have 95% overlap of capability.
Then you have Macs...which still only about 10-12% of the world uses. I'm not knocking the Mac...just stating the fact.
Apple may still have nice margins....but Apple is riding on iOS and has been for 5-6 years. At some point everyone (wishful thinking) is going to own an iPhone and iPad just like everyone owns an iPod. Soooooooooo....ummmm, what does Apple sell then? That's my concern.
Apple may make some (3) nice products, but 75% of the ship's products is riding on truly 1 technology (iOS) while about 90% of the ship's revenue is riding on iOS! Yikes!!
Apple needs to come up with some new products soon, IMO...and in the opinions of stock holders. If there were no stock holders, Apple could make the same 3-4 products (or revisions of) forever....but stockholders do not like that business practice. Stockholders don't want to see a competitor (Android for example) come in and eat up a high % of Apple's profits.
Look at companies (that people here love to bash) like Nokia and RIM that used to be sitting pretty with there narrow-minded product offerings...now where are they?
3 of those above 4 products are essentially the same thing: iOS on different size devices, of which those devices have 95% overlap of capability.
Then you have Macs...which still only about 10-12% of the world uses. I'm not knocking the Mac...just stating the fact.
Apple may still have nice margins....but Apple is riding on iOS and has been for 5-6 years. At some point everyone (wishful thinking) is going to own an iPhone and iPad just like everyone owns an iPod. Soooooooooo....ummmm, what does Apple sell then? That's my concern.
Apple may make some (3) nice products, but 75% of the ship's products is riding on truly 1 technology (iOS) while about 90% of the ship's revenue is riding on iOS! Yikes!!
Apple needs to come up with some new products soon, IMO...and in the opinions of stock holders. If there were no stock holders, Apple could make the same 3-4 products (or revisions of) forever....but stockholders do not like that business practice. Stockholders don't want to see a competitor (Android for example) come in and eat up a high % of Apple's profits.
Look at companies (that people here love to bash) like Nokia and RIM that used to be sitting pretty with there narrow-minded product offerings...now where are they?
Please provide us with some meaningful examples of innovation by the competition in the same product areas as Apple's.
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if you think about it apple has sold the same 3 or 4 products in its entire history
but then again its the same for almost all of computing in the last 40 some years
Certainly. Asus make money in making Nexus 7 and selling them to Google. They say so in their conference call. I think nexus 4, 7 or 10 are all selling at loss when you start digging around and compare the cost for Apple Iphone. By comparison Apple is very open about their cost structure and Samsung trial give away some trade number. Apple gross margin for Iphone is between 50-60% (from the Samsung trial document. And gross margin account of the build cost, inventory cost, distribution cost, warranty cost, shipping cost etc etc. ). And Apple corporate SG&A and R&D is about 9% of sales. So the net cost before tax is about 50-60% for Iphone. For a $600 iphone, the net cost before tax is about $300-360. So how can Google sell a $750 LG Nexus 4 handset at $299 and break even? And we also has to account for the profit margin that LG build into the price that they sell the unit to Google. And Apple is very low in SG&A and R&D since they sell so many handsets and reuse the internal on almost every devices, I seriously doubt that LG/Google has a better cost structure than Apple.
We can flip the issue around. If the all in cost for building a nexus 4 is truly around 299, why would LG lower their price to say 500 and sell more units? 500K units sales is not a really good number when almost all the cost are lower when the company sell more units. And if Google are selling the unit at cost, why can't they buy some more units from LG and make their users happy? LG has the unit in stock and LG management say as much.
That's what this stock price is really all about. The numbers Apple posted are solid. Sure it's not hyper-growth but it's solid growth that any company would love to have.
I've said it many times that Tim Cook is a solid and responsible CEO but he's no Steve Jobs who could figure out what the masses would love. If Tim Cook introduces a new/fresh product (even if it was Steve's creation) that has the same impact as the iPod, iPhone or iPad then the markets will probably go gaga for Apple again.
Apple, yes. Others, no. Remember, Apple has never sold to businesses (or if it has, failed miserably)...
We don't have time here to go through every nook and cranny of Apple vs. ______. But as a shareholder, seeing Apple spit out "new versions" of the same basic product since 2005, I would be worried about my stock value. Again, look at how fast companies (including Apple) have fallen (sometimes near bankruptcy) due to the lack of creating new and exciting products. Not "new versions" but actually something new.
Remember that Apple is very very clearly a consumer-only company. Apple needs to create stuff that consumers will buy and/or continue to buy.
I would LOVE to have the earnings "problem" that the press fears for Apple. Let me make an annual wage of, say, several million dollars more than I can spend, but with my wages stagnant for the next few quarters.
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BTW, looks like the "smart" money is selling Apple and buying Netflix this morning. Netflix surprised with an unexpected profit this morning. Let's compare performance.
Netflix: $0.13 profit last quarter vs. $0.64 profit in the prior year period. Stock is up 38%, at a PE of 273 based on last quarter.
Apple: $13.81 profit per share last quarter vs. $13.87 per share in the prior year period. Stock is down 11%, at a trailing PE of 10.4
Go figure.
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BTW, looks like the "smart" money is selling Apple and buying Netflix this morning. Netflix surprised with an unexpected profit this morning. Let's compare performance.
Netflix: $0.13 profit last quarter vs. $0.64 profit in the prior year period. Stock is up 38%, at a PE of 273 based on last quarter.
Apple: $13.81 profit per share last quarter vs. $13.87 per share in the prior year period. Stock is down 11%, at a trailing PE of 10.4
Go figure.
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Let me guess.. 2013 iPad Mini with Retina display will be innovation, right?