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Apple Stock Hits All-Time High on Earnings Strength

Microsoft's lame Laptop Hunters ads appear not to have worked, despite the Apple Haters Brigade's adamant claims to the contrary. And all this in the depths of economic Armageddon.

Per Forbes:

The Halo Effect is alive and well, and perhaps at a new beginning. Mac posted its strongest unit quarter ever, beating its previous record by 440,000 units. Macs continue to outpace the overall market, as they have for 19 of the last 20 quarters. Overall, Macs increased by 17% while the computer market grew only 2%. Portables grew at 35% versus the overall market growth of 9%. Again, Macs are priced at a premium to the market and, in fact, garner over 90% market share of computers priced over $1,000. Like the iPhone, more consumers are willing to pay more for the feature-rich Mac over more competitively priced computers.​

http://www.forbes.com/2009/10/21/travlos-technology-iphone-intelligent-investing-apple.html

Anecdotal support: my dad sent me a text this morning on his new iPhone asking if I thought a Mac would be a good choice for him and his digital photography. I'm sure you can guess my answer. ;)
 
Apple is the 4th largest company in America by value.
Would you say Apple is overvalued or undervalued at the moment?
Clearly overvalued, and in other words: sell.
 
i remember back in the day when 3dfx was on it's own and doing good. The VooDoo 1 and 2 era of graphic chipsets, remember? ahhaah Well, I was a teenager and didn't have money then, so I tried to get my brother in law to invest for a short time. I approached him when the voodoo1 chipset was just coming out. TDFX the company's ticker reported massive gains, for a while. Then of course 3dfx fizzled out into nothingness. But for a few months, it climbed! I was saying to him "dude, theyre coming out with the voodoo 2 chipset and it's gonna own, short term investment man.." And he never did. He probably would have gotten greedy anyways and held onto it.
3dfx got pwned anyways..
LOL
 
Bradley W said:
Clearly overvalued, and in other words: sell.
Click to expand...

Yes, because booming iPhone and Mac sales - while the overall economy is in the pits - surely spell doom for the company. :rolleyes:

If the iPhone comes close to being anything like the iPod of mobile phones, AAPL has a long rise ahead of it. Then factor in all the inevitable Mac sales that go along with that.

See you at $300. :)
 
Bradley W said:
Apple is the 4th largest company in America by value.
Would you say Apple is overvalued or undervalued at the moment?
Clearly overvalued, and in other words: sell.
Click to expand...

Recession-defying performance, with a huge hardware refresh right before Christmas, with the Tablet just around the corner.

Undervalued. 2010 will be a game-changing year for Apple.
 
LagunaSol said:
Yes, because booming iPhone and Mac sales - while the overall economy is in the pits - surely spell doom for the company. :rolleyes:

If the iPhone comes close to being anything like the iPod of mobile phones, AAPL has a long rise ahead of it. Then factor in all the inevitable Mac sales that go along with that.

See you at $300. :)
Click to expand...

I don't own the stock, and I love the company... but when Apple passes companies like Johnson & Johnson, I just think hype may be driving a bit of that.
Small White Car said:
"Clearly."

Another word for "please don't make me show my work, teacher. I promise I didn't just make that up!"
Click to expand...

Apple may soon pass Walmart in it's total value! Do you think that seems like a fair assessment? Your answer may be "yes" but I just don't see it... yet. I'll admit I'm no expert (though many "experts" never seem to get it right anyway). As for the homework, I did a few google searches before making that statement! ;)
 
*LTD* said:
Recession-defying performance, with a huge hardware refresh right before Christmas, with the Tablet just around the corner.

Undervalued. 2010 will be a game-changing year for Apple.
Click to expand...

All true, but that stock price has built in a LOT of growth already. I sold 2/3rd of my AAPL at 173, and obviously I regret it, but it is undeniably getting into overvalued territory - unless some innovative new product category as successful (read: profitable) as the iPhone is released...
...
 
Apple stock RECORD HIGH!!

Man I'm just feeling so Hi right now due to all this glorious news!

Apple comes through the past 8mths with only a few battle scars that are healing.

Investment Fund managers, investment banks, and the like ALREADY realize that Apple's corporate culture, guidance and philosophies are intact with or without Steve Jobs! This would be sweet for Jobs to do a major keynote and be much healthier in physical appearance.

This is INSANE for Apple. A Platinum age indeed.

PS: Anyone else notice that Phil is getting a little buff lately (he's putting on some serious arm strength); I know this is unimportant.
 
Bradley W said:
I don't own the stock, and I love the company... but when Apple passes companies like Johnson & Johnson, I just think hype may be driving a bit of that.
Click to expand...

Johnson & Johnson aren't making $200+ in profit every time they sell something. ;)
 
There is so much unrealistic expectation on apple's stock price now it's crazy, when you look at their price/earning ratio. I am (relatively) poor, disabled, don't work (not won't work, there's a difference), and invested half of my savings in apple (70 shares) when the stock was at 104. I am not an expert, I just turned 27 and this has been my first time investing and I am very aware that my situation making such a good return is very atypical. It's so funny to me, because when it sunk down to 80 my dad said sell now. I said I'm holding on. When it got back up to 100, my dad said sell now. Same thing every time it went up a few points. I've now doubled my money, but now *I* am the one starting to think of selling. I just wish I had had a truckload more money to invest to start with. I am thinking of maybe selling half my shares. I just can't decide. You have those crazy whackjobs on CNBC saying it'll hit 300, but who knows. I think the stock is just getting crazy high right now. There are other companies making money with much lower P/E ratios. So I don't know. Hold on or sell...I can tell you one thing I wouldn't buy it at this price! So, I thought to myself if I wouldn't buy it at this price maybe by that logic I shouldn't keep it at this price? Argggg.....greed vs. safety....
 
akm3 said:
unless some innovative new product category as successful (read: profitable) as the iPhone is released...
...
Click to expand...

Yeah, it's called the iPhone.

No, seriously. The iPhone is the 'next iPhone.' The number of people without smartphones is far larger than the people with them. Apple doesn't need to take away ANY Blackberry or Android users. Forget them. All they have to do is pick up the 'regular cell phone' folks who switch over to smart phones over the next decade.

Those people are the whole new market. It's a matter of people creating a market, rather than a new product creating a market. Opposite, but the end result is the same.

It's all about growth potential.

Bradley W said:
Apple may soon pass Walmart in it's total value! Do you think that seems like a fair assessment?
Click to expand...

And that's where this comes in. Walmart and J&J are huge, but have very little breathing room to grow larger.

The era of the PC is over (which iMacs and Macbooks count as, btw). Personal computing is the future. 15 years from now every house will have 1 main computer (something like an iMac?) and 4 or 5 "portable computers" per person. That's where the money will be. The iMac of the future will be like a washing machine. You buy one ever 10 years and it's not sexy. It's just...there. Who cares? It's the portables that get replaced yearly.

Microsoft won the PC wars. Apple is going to dominate the portable wars. Not to the extent that MS did...no 90% market share here...think 60%. But they'll be the leader. Dozens of others will fight over the remainging 40%.

THAT'S where the current price comes from. Expectations of growth. Walmart can't deliver that. Lots of people think Apple can. I'm on the 15-year plan for my Apple stock ownership.
 
Everything a company gains in a recession phase, is earned twice.

If iPhone sales were flat, it was still better than Nokia.

How long will that last? Who knows ...
 
SirOmega said:
Yeah, Pipper Jaffray has a target price of $277/sh. I don't think thats entirely reasonable. However, $225 is my sell target for the moment. Its flexible however, depending on what Apple does (announces, ships) between now and then.
Click to expand...
I don't find $277 all that out of line. Due to supply constraints, Apple left money on the table in terms of iPhone sales.

Plus, they have not tapped the world's largest mobile phone market: China. That's coming soon with an alleged deal with China Unicom.

Heck, $225 is not even 10% above the current price of ~$206.
 
E*Trade people E*Trade, they also have a brick and mortar banks
but now is not a good time to buy.
 
Why did it go up this time and down every other time?

But every other time Apple has announced record profits their stock has gone down. What's new this time? Are big investors just finally getting a clue to the fact that Apple's been on a roll for several years now? It's nice to see, but I no longer hold Apple stock. :-(
 
mpantone said:
Plus, they have not tapped the world's largest mobile phone market: China. That's coming soon with an alleged deal with China Unicom.
Click to expand...

There's nothing alleged about it. During Monday's conference call, they said the deal with China Unicom would start on October 30th with 1,000 points of sale and expand further over several months. Pretty sure South Korea is almost good to go.

If you think the Chinese like buying our bonds, wait til they see our phones. :D
 
So what's the dividend?

Oh, that's right, zero. Because Jobs and the senior execs are too busy looting the value of the company with stock options, and idiot-shareholders get nothing, but a pretty number on stock ticker.
 
Now is the wrong time to buy.

Look at Apple's stock over time. It's a roller coaster even in good times. I'm not sure whether it will keep going up right now, but I do know it will sink much lower than it is now. (Then it will go up again, assuming Jobs is able to stay at the helm.)
 
Even higher!

It actually hit $208.62 at 2:10 today! I bought one at $165 and one at $135 right before the economy crashed last year and then my broker charged me $100 but now it is all worth it! I am so happy! :)
 
Small White Car said:
The era of the PC is over (which iMacs and Macbooks count as, btw). Personal computing is the future.
Click to expand...

The Personal Computer is dead, long live the Personal Computer!

I agree with everything, you said, btw, I just thought that quote was interesting.

jW
 
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