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Citi Analysts Suggest Apple Will Miss Its Own 2Q 2013 Revenue Forecast
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Economic student who thinks they know everything but actually knows nothing. Until you actually get a job and do it well you don't know jack. You're just another punk apple fanboy with an snarky attitude.
I'm well aware of that. But it won't be till the fall from what we know. I wouldn't buy back into AAPL until this summer or if it somehow drops below $400.
I don't get all this hatred toward plastic cases. TheTV has a plastic case. So does the AirPort Express and the Time Capsule. And so did the iPhone 3GS.
I hate stainless steel, aluminium and glass cases/backs. The iPhone 3GS is still the best hand-fitting iPhone ever released. Our hands are not flat with sharp corners.
When did the first product video of Jony Ives and the boys come out with their one on interviews about their new product? It's hard for Jony to talk about the complexities of tooling machines to cut out plastic...
Probably something in between. Citigroup has newer data. Apple's guidance is two months old. They can produce stuff and know their suppliers all they want, but they can't predict what people will buy.
Any system that can make money out of artificially driving down a company's stock price seems morally wrong, to me
I'm looking at you Wall St.
Apple had severe supply constraints in Q4 and it still beat its own estimates. Now that supply is catching up with demand, I'm guessing another record quarter in Q1 - and analysts will still cry doom, because that's the only way they can make money, apparently.
Apple should do us all a favour and buy back the stock. Then they can get on with doing what they do, without the totally unnecessary distraction.
Apple had severe supply constraints in Q4 and it still beat its own estimates. Now that supply is catching up with demand, I'm guessing another record quarter in Q1 - and analysts will still cry doom, because that's the only way they can make money, apparently.
Apple should do us all a favour and buy back the stock. Then they can get on with doing what they do, without the totally unnecessary distraction.
Danger: the usual collection of manipulation conspiracy theorists at work.
If they were, it would be more than morally wrong, it would be a felony.
How many large financial firms cover Apple? About two dozen, last I checked. All of them render their opinions constantly throughout the year based on what they know about earnings or believe they can project, and all of them run this exercise towards the close of every quarter. They tend to be all over the place. In the end all of the quarterly earnings opinions are averaged together to create a "street consensus." If this is a conspiracy to manipulate stocks, then it's a pretty weak and uncoordinated conspiracy.
But people do like their conspiracy theories. So much less complicated and more emotionally satisfying than reality. And it's only a distraction if you choose to obsess over each and every opinion.
This is the problem
Why believe Citi? Why believe any of the Wall Street prognosticators? If some of them who lied and cheated went to jail, the investment industry would have a lot more chance of the public paying attention.
Why believe Citi? Why believe any of the Wall Street prognosticators? If some of them who lied and cheated went to jail, the investment industry would have a lot more chance of the public paying attention.
Implying that the recent softness of the stock has anything at all to do with their performance. Their performance by any metric is phenomenal.
I don't have an issue plastic. But I disagree with you about the 3GS. The smooth non-textured curved back made it way easier to drop. I can't count how many times I dropped mine.I don't get all this hatred toward plastic cases. The
I hate stainless steel, aluminium and glass cases/backs. The iPhone 3GS is still the best hand-fitting iPhone ever released. Our hands are not flat with sharp corners.
The plastic vs metal thing is also an issue of quality perception. There's no question that metal has a 'feeling' of quality over plastic, even if it's not quantifiable.
uh, no. very few of the record number of apple customers evaluate its stock price prior to making a purchase. get real.
apples revenue generated and its stock price are two totally different, unrelated things.
When it comes to Apple, stock price has very little to do with their financial performance. Obviously. It has a lot more to do with anticipation. The more anticipation people have, the higher the stock goes. That's why the stock reached a peak shortly after the iPhone 5 was released. All the rumors about parts order cuts and decreasing profit margins were all just excuses to try and explain the decrease in share price. But the real reason for the decrease is lack of anticipation. For the first time in a long while, no one can really see what's coming for Apple and just as importantly, when. For a few years now, we knew there was a new iPad, new iPhone, or other device coming that was going to be a significant improvement upon the last one. Now, what else is there left to do?
If the future were clear, the price wouldn't be this low. Now you might say that Apple should then release a few more tidbits, but I think that would be foolish as well. Then you tip off the competition and give them time to prepare. Furthermore, Apple has pledged to purchase $10 billion in stock buybacks. They have NO interest in boosting the price.
I believe Apple has something big coming for TV (maybe also a watch?). Based on the patents, I think the most likely "WOW!" technology that they could incorporate that would disrupt TV would be their patent for a holographic TV. At first, I thought this would be too far into the future, but Ultra-D gave a proof of concept at CES 2013 that makes me think we're a lot closer than I thought. If Apple can pull this off, they will truly be in possession of tech that will disrupt TV AND it will be extremely difficult for the competition to catch up.
Back to the share price, as a shareholder, I admit it's a little nerve racking not knowing *when* they're coming or any details of what is being built. But the way I look at it is, this is when you make out big investing. After all, when AAPL had a share price of $8 and far weaker fundamentals, there were plenty of doubters also.
If the future were clear, the price wouldn't be this low. Now you might say that Apple should then release a few more tidbits, but I think that would be foolish as well. Then you tip off the competition and give them time to prepare. Furthermore, Apple has pledged to purchase $10 billion in stock buybacks. They have NO interest in boosting the price.
I believe Apple has something big coming for TV (maybe also a watch?). Based on the patents, I think the most likely "WOW!" technology that they could incorporate that would disrupt TV would be their patent for a holographic TV. At first, I thought this would be too far into the future, but Ultra-D gave a proof of concept at CES 2013 that makes me think we're a lot closer than I thought. If Apple can pull this off, they will truly be in possession of tech that will disrupt TV AND it will be extremely difficult for the competition to catch up.
Back to the share price, as a shareholder, I admit it's a little nerve racking not knowing *when* they're coming or any details of what is being built. But the way I look at it is, this is when you make out big investing. After all, when AAPL had a share price of $8 and far weaker fundamentals, there were plenty of doubters also.
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HTC does not own the patent for the plastic, they get it from Taiwan
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Well missing your company's target by 1.6% isnt much, Citi apparently has vested interests else they wouldnt bother, 1.6%.....
Also much of economics has to with instinctiveness and guesswork. Lets take an example here.
Apple misses sales forecast by 1.6%- It is only human to be wrong-Behind the scene just before releasing this info citi invests a few million dollars into Samsung electronics-info released-Investors jump the ship and Apple shares go down-Samsung shares are up-Citi gains millions this way!
Its all just manipulation...like a game.
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Well it is pretty illogical..1.6% isnt much...
Also microsoft had what so ever no innovation in them, they were like robots but now Apple has a beautiful team of designers, engineers and a great revolutionary advertising team. Intels shares tanked because of ARM chipsets which out did Intel in the mobile space. Intel's future looks bleak cause it is all ARM in the future. And Oracle tanked because of loss of business in terms of volume.
Apple on the other hand has a loyal customer base, award winning quality and customer support, it has 100 Billion Dollars in liquid cash...I repeat 100 Billion so these guys are pretty safe.
Who's to trust Citi Group anyhow
Citi Group was one of the worst hit stocks during the downturn. Not only are they currently at 1/8 of their pre crisis numbers, while the market has set a new 5 year high. Erstwhile in 2011 they did a 1 for 10 reverse split so if you had a 100 shares you now have 10, and we are supposed to believe their analysts, I don't think so. I think I'll ask the guy on the grate in the cardboard box in front of my office first.
It's the analysts again!!!!!!
My signature is my response to them.
Citi Group was one of the worst hit stocks during the downturn. Not only are they currently at 1/8 of their pre crisis numbers, while the market has set a new 5 year high. Erstwhile in 2011 they did a 1 for 10 reverse split so if you had a 100 shares you now have 10, and we are supposed to believe their analysts, I don't think so. I think I'll ask the guy on the grate in the cardboard box in front of my office first.
Exactly, if you crave for perfection, then success will run after you! Apple keep innovating it really does not matter if your stock tanks cause we are here for you!
A really touching video! How technology changes lives, I think Apple should keep up what they are doing.
It's still a dumb idea. If Wall Street thinks customers are fickle now, wait until Apple tries to launch itself into the fashion world - watches are fashion. Talk about fickle. One day you're in, and the next day... you're out!
What could a watch possibly provide in terms of functionality that our smartphones don't already do? And these Wall Street dorks think that people are going to buy a watch as an accessory to their iPhones? This is why I don't take anything they say about Apple's stock seriously - they are pushing a completely bankrupt idea of an iWatch.
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Apple had someone like Steve Jobs in Scott Forstall. I feel that he should have been made CEO and Cook should have remained as COO, doing what he does best. Cook is quite clearly not a creative visionary. He's lucky if he can stumble through a keynote without his face cracking. You have to work hard to be that monotone when you are supposedly so excited to introduce such supposedly exciting products.
You're right, Jobs left a creative void at the top. Cook has no hope of filling that void himself, even with the help of Ive and company. So who is there at Apple today to say "this isn't good enough?" Given the last few product cycles and what happened with Maps, apparently nobody is watching the store.
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Nope, I call BS on these rumors. There will be no iWatch because it's iDumb.
Is it just me or does it sound like someone is looking to buy more shares and wants to lower the price.
They have no data about anything and yet they scream doom and gloom. What other reason could there be. It really makes me wonder if they believe all the watch etc stuff is happening and this year so they are trying to drive the price down so they can buy 5 shares not just 3 and make more bank when this stuff launches and the price goes up $100-200 again
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Stock value rarely matches to what kind of droves are buying product
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They may have given comment about sales expectations but the whole reversal thing was some analyst, blogger using supply checks etc to guess at the sales.
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Because that's roughly when Steve retired and then died.
It's the hue and cry of Apple was Steve and its trash now, look at all the crap that has happened without Steve etc
Forgetting as you point out that there was crap under Steve as well. Folks have started ignoring it as some kind of 'don't speak ill of the dead' or such