Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Pretty bold statement considering we don't even know the release date yet.

Personally, since I think all the other smart watches look clunky and the Apple watch is the only one that looks mildly appealing, I hope the predictions of failure are way off.
 
Based on nothing. Version 1 is going to have crappy battery life but the fun starts with versions 2/3 as it gets refined.

Did we not hear when Samsung announce its watch that Apple would never do such thing and they do it with perfection etc...?
 
drama is that people lost a crap load of money now the stock is ~$1

When a stock tanks, you've only 'lost money' if you *sell* before it recovers, or if the company (in the form covered by the stock) ceases to exist. If the bankruptcy proceedings go as is normal, the stock will very likely recover, and only panicked sellers will have lost anything.

Yes, it's *possible* that the Chapter 11 bankruptcy proceedings could convert to Chapter 7 (where a company is liquidated to cover it's debts, and the stock becomes worthless), there doesn't appear to be any evidence that it's very likely at this stage.
 
Last edited:
Cool. Change just a couple of words and it's almost like you wrote it yourself.

This made me laugh. :)

----------

More like extremely unlikely. Owning stock in a bankrupt company is like owning a pocket full of smoke, only less valuable.

I'm not saying I agree with him, but at $180m market cap, APPL could lose it all and not even consider not-blinking. And they'd have the patents, resources (whatever those might be..), and employee expertise.
 
drama is that people lost a crap load of money now the stock is ~$1

Yeah, people who invested in a security for a company whose main product and IP are questionable and in their infancy. When you invest in stocks you're investing in risk. If you conduct your due diligence, and make your decisions soundly you shouldn't have much to worry about. If you're being speculative, you are taking a risk for which you should be prepared to lose.

Everyone gets their panties in a twist when they invest in a speculative or risky company and it goes down. When you swing for the fences you have to live with the risk that you're going to get a slider low and outside.

If you want a sure thing open a savings account.

----------

This made me laugh. :)

----------



I'm not saying I agree with him, but at $180m market cap, APPL could lose it all and not even consider not-blinking. And they'd have the patents, resources (whatever those might be..), and employee expertise.

Apple's market cap is not $180m. I assume you meant to say $180b, which was their revenue for the last fiscal year, and not their market cap. Their market cap is in the neighborhood of $600b
 
Did we not hear when Samsung announce its watch that Apple would never do such thing and they do it with perfection etc...?

Not sure who you heard that from, but based on experience, there is always some unexpected engineering compromise that Apple includes in the first iteration of their consumer products.

iPod - less storage than expected
iPhone - no native 3rd party apps; no 3G
iPad - too heavy to use comfortably
iPad 3 (first Retina) - even heavier and thicker
iPad Mini - no Retina

If all the 1st gen Watch has going against it is a short battery life that can still make it through a 12-18 hour waking day on normal usage, it will be a major win.

----------

We need to remember that GT Advanced shipped the requested sapphire to China for final cut and polish.

"The issue that emerged is that the (Chinese) finishers were still having trouble creating the sapphire edges and yields were only at 25% or less".

http://www.iphonehacks.com/2014/09/iphone-6-lineup-missed-sapphire-glass-panels-weeks.html

I was thinking about this when I saw it was Chapter 11.. perhaps GTAT is planning to get sapphire into the 6S after this issue is solved.
 
This made me laugh. :)

You'd think an embarrassment factor would kick in eventually, but it never does. Remarkable.

I'm not saying I agree with him, but at $180m market cap, APPL could lose it all and not even consider not-blinking. And they'd have the patents, resources (whatever those might be..), and employee expertise.

My point is the market cap of a bankrupt company is a virtually meaningless number. The bankruptcy court will decide whether the stockholders will get anything. The court could well decide to strip equity holders bare, especially if the judge determines that the company won't have enough cash flow to emerge from bankruptcy and satisfy their creditors. This is the aspect of Chapter 11 that the "the stock is cheap" voices aren't understanding. If Apple wants to own this company for some reason, their position as major creditors (the largest, I believe) seems to be the better angle than going after their equity.
 
When a stock tanks, you've only 'lost money' if you *sell* before it recovers, or if the company (in the form covered by the stock) ceases to exist. If the bankruptcy proceedings go as is normal, the stock will very likely recover, and only panicked sellers will have lost anything.

Yes, it's *possible* that the Chapter 11 bankruptcy proceedings could convert to Chapter 7 (where a company is liquidated to cover it's debts, and the stock becomes worthless), there doesn't appear to be any evidence that it's very likely at this stage.

Do you have any support for the proposition that the "normal' bankruptcy process is that the "stock will very likely recover"? And only panicked sellers will have lost anything?

People need to read this article:

Severe Breakdown In Apple Relationship Cripples GT Advanced Technologies, Analysts Say http://www.forbes.com/sites/carlodo...wittersf&utm_source=twitter&utm_medium=social

“What we are comfortable predicting is that the equity is almost certainly worthless, and will likely end up being delisted,” said the Raymond James report.
 
Last edited:
I'm kinda of wary of apple putting a sapphire display on their phones. I've read some articles(can't remember the website name) that sapphire display would develop cracks over time due to stress due to it bring harder material.
 
Don't you people see whats going on here ?

It's all planned and fake.

Apple is going to swoop in and buy the company now that this artificial low stock price has been fabricated.

It's pretty obvious.

(And extremely unethical I might add)

Sounds unlikely. Apple has lent GT over half a billion dollars this year. If the company goes through bankruptcy they'll never get that money back (and if they buy the company they would be paying themselves back). What advantage do they gain from owning the company? They'd already negotiated a deal whereby they would be getting cheap (below margin) sapphire from GT for the next 5 years, plus an exclusivity deal.
 
Sounds unlikely. Apple has lent GT over half a billion dollars this year. If the company goes through bankruptcy they'll never get that money back (and if they buy the company they would be paying themselves back). What advantage do they gain from owning the company? They'd already negotiated a deal whereby they would be getting cheap (below margin) sapphire from GT for the next 5 years, plus an exclusivity deal.

Not necessarily. It seems Apple did not extend the full credit line to GT, but are still likely to be the company's largest creditor. As such Apple may well end up owning whatever assets remain (plant, equipment, intellectual property). So they would not be paying themselves back, they'd be recovering at least some part of their investment. It isn't difficult to imagine a scenario where Apple ends up, at least temporarily, in the sapphire glass business.
 
Do you have any support for the proposition that the "normal' bankruptcy process is that the "stock will very likely recover"? And only panicked sellers will have lost anything?

Just the fact that corporate Chapter 11 bankruptcy proceedings are typically neither as uncommon, nor as disastrous as quite a few people are making out.

A company declaring Chapter 11 bankruptcy is, from a logistical or financial stand point, virtually *nothing* like an individual declaring bankruptcy. The vast majority of the time, the corporation gets its debts restructured, gets through the 'lean cash flow' period, and recovers. The 'big news' examples where the company enters C11, implodes, and everyone loses everything are 'big news' precisely *because* they're uncommon and spectacular.
 
Just the fact that corporate Chapter 11 bankruptcy proceedings are typically neither as uncommon, nor as disastrous as quite a few people are making out.

A company declaring Chapter 11 bankruptcy is, from a logistical or financial stand point, virtually *nothing* like an individual declaring bankruptcy. The vast majority of the time, the corporation gets its debts restructured, gets through the 'lean cash flow' period, and recovers. The 'big news' examples where the company enters C11, implodes, and everyone loses everything are 'big news' precisely *because* they're uncommon and spectacular.

None of what you posted above supports your prior post. Specifically:

If the bankruptcy proceedings go as is normal, the stock will very likely recover, and only panicked sellers will have lost anything.

Could it happen? Yes.

But is it normal for only panicked [equity] sellers to lose anything in a bankruptcy?
 
You'd think an embarrassment factor would kick in eventually, but it never does. Remarkable.

Lol, some people (~2% of the male population, at a minimum) are literally incapable of feeling embarrassment. 'Course, they're also incapable of fear, empathy or sympathy, but that's another story..

Point is, some people literally have no shame :p

My point is the market cap of a bankrupt company is a virtually meaningless number. The bankruptcy court will decide whether the stockholders will get anything. The court could well decide to strip equity holders bare, especially if the judge determines that the company won't have enough cash flow to emerge from bankruptcy and satisfy their creditors. This is the aspect of Chapter 11 that the "the stock is cheap" voices aren't understanding. If Apple wants to own this company for some reason, their position as major creditors (the largest, I believe) seems to be the better angle than going after their equity.

Fair. I won't pretend I knew or even fully understood all of this, but all I was really saying is that if the company's resources (employees, patents etc.) were valuable enough, $180m or even $1b would be a worthwhile "loss" for Apple.
 
Lol, some people (~2% of the male population, at a minimum) are literally incapable of feeling embarrassment. 'Course, they're also incapable of fear, empathy or sympathy, but that's another story..

Point is, some people literally have no shame :p

The writing quality on MR is so uniformly bad, I wonder if shame is the right word. A lack of caring seems to be the main issue. I don't understand how anyone can work in a profession and not show some pride in their work. But there it is for us to see every day, if we can stomach reading so much careless prose.

Fair. I won't pretend I knew or even fully understood all of this, but all I was really saying is that if the company's resources (employees, patents etc.) were valuable enough, $180m or even $1b would be a worthwhile "loss" for Apple.

Could be, assuming Apple wants to be in the sapphire glass business. Either way, it's up to the bankruptcy court now.
 
The writing quality on MR is so uniformly bad, I wonder if shame is the right word. A lack of caring seems to be the main issue. I don't understand how anyone can work in a profession and not show some pride in their work. But there it is for us to see every day, if we can stomach reading so much careless prose.

You know what I've noticed, actually, is that writing counts for very little, regardless of what you do for a living. I've read posts by (medical) doctors whose grammar and spelling I found absolutely appalling.

There are times I feel that if you can't write a proper sentence, perhaps you oughtn't be hired at all; I do realize the world doesn't really work that way, but sometimes I feel it should. Just a pet peeve of mine, though.
 
Yes, but an 'Apple-owned' GT Advanced's bankruptcy woes would soon be behind them, if Apple's demand for large volumes of sapphire suddenly materialized again…..

Apple could very well end up owning GT, or their assets, out of bankruptcy. But that does not mean the company's equity will survive bankruptcy. In fact it would more or less guarantee that it does not survive. Holders of equity in a public company are typically the first casualties in a bankruptcy.
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.