Early Apple Bear Turns Bullish on Apple

Discussion in 'Mac Blog Discussion' started by MacRumors, Mar 14, 2013.

  1. MacRumors macrumors bot


    Apr 12, 2001

    One of the first analysts to to turn bearish on Apple last year, correctly predicting lower-than-expected revenues, has upgraded the stock to a Buy, giving it a 12-month target price of $540 against a closing yesterday of $428.35.

    BTIG analyst Walter Piecyk is cited in Business Insider as suggesting that Apple's earnings per share will be flat or slightly down this year but will climb in 2014.

    The difficulty in forecasting future revenues in a company noted for secrecy around new product launches is acknowledged, but Piecyk includes an assumption that Apple will launch a new category that will generate $5 billion in revenues. Apple is widely assumed to be planning to launch both a smart watch and an HD TV.
    Article Link: Early Apple Bear Turns Bullish on Apple
  2. Rocketman macrumors 603


    The iPhone upgrade ecosystem is an additive thing. It is an annuity. That is the majority of Apple's revenues and profits. Everything else is noise.

  3. darijoe macrumors regular

    Jan 26, 2008
    Melbourne, Australia
    Fair enough prediction I'd say. Apple really hasn't shown too much to get excited about for around 5 months and the share price has dropped about 40% since the $700+ peak in September. It's your time to deliver and shine, Tim Cook!
  4. applesith macrumors 68030


    Jun 11, 2007
    Does it really matter? It's clear no matter how much Apple sells or how amazing their future products are, WS has decided it well never again be good enough. This is what happens when the media runs everything and decides thins and reports with an agenda. Most people don't think for themselves and just take the opinion of the media outlet with them.
  5. Squilly macrumors 68020


    Nov 17, 2012
    I'm all in if it drops to $400. Been wanting this stock for a while.
  6. ArtOfWarfare macrumors 604


    Nov 26, 2007
    I was just thinking the same thing... I've never owned any stock before though, and I'm 40k in debt from school, so making a risky decision like this is probably a bad idea...
  7. Squilly macrumors 68020


    Nov 17, 2012
    Can't go wrong with Apple. I still think it'll shoot up once it hits its absolute bottom.
  8. cardfan macrumors 65816

    Mar 23, 2012
    I'd wait til it drops lower. But what the anaylst said is rubbish. An iWatch or tv isn't going to mean anything. Carrier upgrade policies easing? What's he smoking? And finally a less expensive iphone means lesser margins.

    What would raise the stock IMO is Apple getting serious about knocking down barriers to entry that the competition is eating its lunch on. Retina+ screens (double the current iphone resolution) at 5" would go a long way. Theme store to customize iOS.

    Apple is a hardware company that needs to find ways to shift into software. Itunes match and icloud (charging for more storage) is one way but it could be done much better. So far, I've no need for either. But add some more benefits to it and they could have a better revenue stream.

    The Apple tv is a low margin product that could be done much better. Beef it up, add some storage to it, add bells and whistles that are compatible with idevices and sell this.

    Pretty obvious stuff though and I'm sure Apple has it mapped out.
  9. needfx macrumors 68040


    Aug 10, 2010
    macrumors apparently
    don't know what to do with my imaginary stock
  10. Ventilatedbrain macrumors regular

    Nov 22, 2012
    I think wall street has fallen out of love with apple , they are in love with Google and everything they do is gold .. It doesn't necessarily depict any of the companies performances
  11. Fenir macrumors regular

    Jun 27, 2007
    Kalamazoo, MI
    Can't go wrong...if you can front the money for the stock. At 400 a share, and being you said 40k in debt, you could buy one...two...three shares maybe?

    At which case you're going to have to wait a couple months (most likely) to get some money back? It's great if you had an infinite amount of money to throw around, but being at 400+ a stock means we can only buy a couple shares.
  12. M-O macrumors 6502a


    Mar 15, 2011
    investors make money on the rise. they see apple as plateauing and are looking for the next big thing. my guess is that they are betting pretty hard on google glass.

    in reality, it's all about the rumors with apple. the bears all reference "iTV getting pushed to 2014" or "low cost iPhone will be too expensive" or "iPhone 5s pushed from july release to fall".

    none of these things even exist. none of the release schedules are known. it's all rumors and speculation.
  13. samcraig macrumors P6

    Jun 22, 2009
    Apple the company is not the same as AAPL the stock.
  14. dysamoria macrumors 6502a


    Dec 8, 2011
  15. pgiguere1 macrumors 68020


    May 28, 2009
    Montreal, Canada
    I might sell before the next quarterly report and re-buy right after.

    The iPad mini cannibalizing sales of the higher margin iPad isn't a good thing, people might freak out seeing 9.7" iPad sales being lower.
  16. Mr. Retrofire macrumors 601

    Mr. Retrofire

    Mar 2, 2010
    I do not see, why they should climb in 2014. Apples current strategy is: Zero innovation, more restrictions in the OS-platforms, and so on.
  17. SockRolid macrumors 68000


    Jan 5, 2010
    Almost Rock Solid
    There. Someone finally admitted it. Apple just doesn't tell anybody what they're working on.
    Therefore, analysts are forced to make up even more stuff than normal when they "forecast" apple.

    Oh, and by the way, female analysts are 7.3% more accurate than male analysts.
    The women, apparently, are more concerned with being correct.
    The men, apparently, are more concerned with competing against each other.




    Yup. Those are all important. But a deal with China Mobile is more important.
  18. ConCat macrumors 6502a


    Jul 27, 2012
    In an ethereal plane of existence.
    Yep. Stock price relies heavily on what investors "think" is going to happen, rather than anything concrete. It just means that a lot of people are dumping their stock, possibly due to high inflation which is due to hit sometime this year.
  19. poppy10 macrumors regular

    Sep 25, 2012

    Nah. iPad mini was widely trailed for months before it was officially announced. And the analysts didn't like it.
  20. genovelle macrumors 6502a

    May 8, 2008
    Restrictions are a good thing. There is nothing worthwhile on Android that wasn't on iPhone either natively or with an App already. This includes Swype
    which the company who makes this for Google bought the original maker on the iPhone and killed it the same month they released it's beta of Swype on Android. They steal every idea and have nothing of their own. Well they do have the openness. And the Malware.

  21. aidanpendragon macrumors 6502a

    Jul 26, 2005
    They always say don't buy stocks if you can't afford to lose. Sounds like you can't afford to lose. I know somebody who bought at 550 and is ticked.
  22. ArtOfWarfare macrumors 604


    Nov 26, 2007
    Thank you for the advice :) I will wait until I actually have some spending money.
  23. SockRolid macrumors 68000


    Jan 5, 2010
    Almost Rock Solid
    True. So much for "doubling down on secrecy."

    But I'd say that about half the analysts didn't like it.
    The half that thinks Apple needs higher average revenue per unit didn't like it.
    The half that thinks Apple needs "market share" loved it.
  24. MrNomNoms macrumors 65816


    Jan 25, 2011
    Wellington, New Zealand
    When are we going to have analysts actually use real data rather than speculating through looking into a crystal ball claiming to have some sort of 'vision into the future'. The questions that should be asked isn't just on the 'new product' front but customer retention rates when compared to other consumer electronics companies. It is all very well to sell products but if it is a one off sale without any loyalty or repeat purchasing then it doesn't really matter a hill of beans at the end of the day.
  25. jncoanalog macrumors member

    Apr 1, 2008
    Well, if only we could restrict that comment to analysts...
    Men seem to always (or at least 99.9% of the time) be more concerned with competing against each other, leaving the difficult task of being correct to the women!
    Couldn't we just hand them (women) the world already? :D

    P.S.: no irony here, I'm being dead serious...

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