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Apple Stock Price Hits Lowest Levels Since 2011, Falls Below $400
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Don't normally like Forbes and their anti-Apple click bait, but this article aptly sums up all the "advice" Apple is getting these days on what they need to do.
http://www.forbes.com/sites/ericjackson/2013/01/28/how-tim-cook-should-really-be-running-apple/
http://www.forbes.com/sites/ericjackson/2013/01/28/how-tim-cook-should-really-be-running-apple/
Let's see where life takes Reed Paul Jobs
Well, at least for me it's going to very interesting to see how and in which direction he develops and grows!
Could Reed Paul Jobs (born 1991) take over (in a couple of years) from where his father was forced to stop ... does he have what it takes?!?
Well, at least for me it's going to very interesting to see how and in which direction he develops and grows!
That's a great article. It's amazing that some of the comments thought he was being serious. But the article brings to light what so many intelligent people have been sayng: random children on a forum have no idea how to run a company.
Just more proof that the "analysts" and "media" are simply being partial and short sighted...
Completely agree. Who has not learned that "you can have any color as long as it's black" does not work? Especially if your competitors are offering choice.
One cannot control the market.
How come the iPhone 4 and 4S seem to still be selling well if the public wants larger screens? Surely there are cheaper Android phones (especially off contract) with larger screens. And we keep hearing how iOS is dated and doesn't have the customization and features that Android does. So wouldn't people be flocking in droves away from iPhone to these bigger screen phones with better OS? But who, besides Samsung (and their $12B ad budget) are seeing huge increases in phone sales or an uptick in profits?
People that are upgrading from old iphones ? People that cant afford the iphone 5 or other devices ?
Cheaper android phones
most on the same range cost about the same and in some cases cost more a little bit more than the iphone.
Should be no trouble beating last years 2Q earnings. Verizon announced they sold 25% more iPhone's in 2Q over last year's 2Q. Sprint is much more on board this year than last year. The tablet market is much larger and the mini is out this year racking up sales. Tons more iOS devices are out there and they are logging onto the App Store and iTunes and buyings stuff. Only thing that will probably be down is the Mac sales.
So I think they beat last year's 2Q.
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Yes, but there is no cost to re-issuing shares. It is a simple corporate activity. It is easier to hold shares, but we are talking about a few hours of corporate paper pushing and a set of resolutions from the board to issue shares. No big deal.
I took a quick look at the article and I find these three statements hilarious.
"Put out 8 different versions of the iPhone simultaneously, including ones with larger screens, like Samsung. But keep the margins above 44% and recall you only get the full profit benefit of a new iPhone in the 2nd half of its production run."
"Spend billions on marketing like Samsung. But let the product sell itself so that it stays premium."
"Don’t pursue costly patent battles. But protect your core IP and don’t let Samsung rip off your innovations."
So basically copy Samsung but don't let Samsung copy you. My guess is that Samsung will start copying Samsung
Estimates are actually around 15% lower than 2012 Q2 earnings, so if they actually do better than last year, then that's a big win, even if gross margins are lower than expected. I agree the iPad is still strong, and the iPhone is strong as well. The market share hasn't changed much since last year. It just took longer for investors to realize there's solid competition. We'll see. I hope my overweight position pays off.
The current stock price drop is a re-balancing of the irrational price rise the stock had a year ago. IMO.
Agreed. Crazy prices like $700 a share because Apple released a phone that looks the same (iPhone 4S in 2011 - that's 1.5 years after the iPhone 4)? That's what I call irrational. And no one said it was boring (!). And then the iPhone 5 came out last year with slimmer design and bigger screen, then everyone says it's boring and lame and the stock falls back to $400. More like a correction then any change in fundamentals.
That being said, Apple has not have any announcement since October. I wish that they have something big to show us really soon.
People that are upgrading from old iphones ? People that cant afford the iphone 5 or other devices ?
Cheaper android phones
I bought a 4S in January simply because it was $99 and not $199 for the lowest price 5. In February, I ended up buying a Nexus 4 for $349 and using it and the new 4S that I bought on T-mobile. My previous iPhone was another 4S that I had used on Verizon and sold it. I also didn't feel the 5 was a worthwhile upgrade so I used my AT&T upgrade in January to buy another 4S because I had sold my previous AT&T 4S about a year ago. My AT&T account was eligible since last May.
I do appreciate that the Nexus 4 has a much bigger screen then the 4S, I do still enjoy using the 4S as much as the Nexus 4.
Im using the same setup too
The iPhone 4S still has a few years left of life because it will at least get through iOS 7 and even after, it will be a while before apps no longer support it. This summer when a new iPhone is released, the 4S will become the free iPhone and will replace the 4 as the free phone so I felt completely confident buying the 4S when I did in January.
The whole point of the column was to show how absurdly contradictory pundits/analysts/journalists can be when covering Apple. Sell a cheap 7" tablet to compete with the Kindle Fire, but make sure you keep high profit margins on the product.I took a quick look at the article and I find these three statements hilarious.
"Put out 8 different versions of the iPhone simultaneously, including ones with larger screens, like Samsung. But keep the margins above 44% and recall you only get the full profit benefit of a new iPhone in the 2nd half of its production run."
"Spend billions on marketing like Samsung. But let the product sell itself so that it stays premium."
"Dont pursue costly patent battles. But protect your core IP and dont let Samsung rip off your innovations."
So basically copy Samsung but don't let Samsung copy you. My guess is that Samsung will start copying Samsung
http://us.rd.yahoo.com/finance/exte...ple-cook-whisper-campaign/?source=yahoo_quote
Surprise, surprise right before earnings, hedge fund guy Doug Kass (a favorite of CNBC) tweets that he thinks Cook is "cooked". This is the same guy who, before Apple's shareholder meeting, tweeted that Apple would be announcing a stock split. When the stock jumped after his tweet he sold his shares for a profit and then tweeted that the split rumor was baseless.
I love the end of PED's column:
And people still claim Apple stock isn't being manipulated.
Surprise, surprise right before earnings, hedge fund guy Doug Kass (a favorite of CNBC) tweets that he thinks Cook is "cooked". This is the same guy who, before Apple's shareholder meeting, tweeted that Apple would be announcing a stock split. When the stock jumped after his tweet he sold his shares for a profit and then tweeted that the split rumor was baseless.
I love the end of PED's column:
And people still claim Apple stock isn't being manipulated.
http://us.rd.yahoo.com/finance/exte...ple-cook-whisper-campaign/?source=yahoo_quote
Surprise, surprise right before earnings, hedge fund guy Doug Kass (a favorite of CNBC) tweets that he thinks Cook is "cooked". This is the same guy who, before Apple's shareholder meeting, tweeted that Apple would be announcing a stock split. When the stock jumped after his tweet he sold his shares for a profit and then tweeted that the split rumor was baseless.
I love the end of PED's column:
And people still claim Apple stock isn't being manipulated.
I'm absolutely agree with you. The only way for Apple how to survive until new products announcements in Q2-Q3 2013 is a little bit "cook the books" to present tomorrow better results than were expected.
It will lead to massive closes of the short positions and can push shares prices up.
Most of insiders are getting some portions of company's financial results before it presented to wide public and can try get even more. Just spread bad news about Apple across the world, buy more shares on panic and you can get a lot of money if real numbers are better than expected.
Frankly, I don't believe in AAPL in a long-term perspective, but if Doug Kass wants to convince sell the shares before next event - it is a huge reason to buy. Just remember to sell them two weeks later.
And people still claim Apple stock isn't being manipulated.
Do you really think that a stock can be manipulated for months?