Investor Carl Icahn Dumps Apple Shares Over China Concerns

[Naaaaak]

Wow! You really want them to dump Mac OS? For what? The playskool IOS?

Read what I posted:

I would hate if they did this

So no, I don't.

My point is that they have no direction and are afraid of committing to what they said. They said the iPad is the future of computing. If that is the case, why are they still selling laptops or developing Mac OS? Why not go balls-out on iPad as the only option? Instead, the product map is all over the place and they are not sure what the future is, no matter what they say for marketing. That's not great leadership.

 

[Dmunjal]

And Trump knows so much about manufacturing.

I don't recall the president (Cough), being able to mandate where private industry makes anything.

That's a bit naive. What do you think trade policy like NAFTA and TPP are all about?

This all started when China received most favored nation status

 

[saintstryfe]

Since the 3gs Apple has had something big in each phone revision. The 4 had the new body design. The 4s added a much improved processor and Retina screen. The 5 added the bigger size. The 5s added TouchID. The 6 had the much bigger screen. The 6s added a feature most people didn't know existed (I have to show several people a day 3D touch) and a realitvely mild spec boost.

We'll be fine if Apple goes back to Major Redesign / Signifigant new feature. 3D touch, while it helps a lot of people, it is hard to be wowed by getting to text messages a few seconds faster.

I fully trust we'll be back up with a redesigned body on the 7.

 

[C DM]

Since the 3gs Apple has had something big in each phone revision. The 4 had the new body design. The 4s added a much improved processor and Retina screen. The 5 added the bigger size. The 5s added TouchID. The 6 had the much bigger screen. The 6s added a feature most people didn't know existed (I have to show several people a day 3D touch) and a realitvely mild spec boost.

We'll be fine if Apple goes back to Major Redesign / Signifigant new feature. 3D touch, while it helps a lot of people, it is hard to be wowed by getting to text messages a few seconds faster.

I fully trust we'll be back up with a redesigned body on the 7.

Retina was added with iPhone 4, while 4s was more about a spec boost and Siri essentially (kind of like 5s was a spec boost with TouchID). iPhone 6s also had a considerable spec boost (from CPU, to GPU, to RAM) along with 3D Touch. Apple has been on the redesign (numbered version) and spec boost and new feature (s version) for some time now, the question is more or less whether or not it will stay with that pattern when it comes to the next iPhone later this year (which should be a numbered version, which means a redesign).

 

[Toltepeceno]

That's what IBM thought too and look at where they are now.

Unless the problem is there are a ton of clone apple devices running the same operating system but cheaper the comparison is meritless.

Apple still has a lock on osx and ios so its a different type of competition.

Apple drops prices some or boost specs and they are back in the game. Nobody else is building ios or osx products so there will never be a direct comparison as it was with IBM. Them becoming a clone assembler was just extending life support some.

 

[powerbuddy99]

I too had to dump my Apple Stock.

 

[SactoGuy18]

Folks, I wonder have you read about Carl Icahn's quite sordid history of being a corporate raider.

I'm sure some of you remember how Icahn essentially destroyed Trans World Airlines, especially raiding the assets of that airline. And then made it worse with that Karabu deal in regards to plane tickets for the airline.

I think Icahn was trying to do something messy with Apple, and in many ways I'm glad he's not holding Apple shares anymore, which means Apple won't have listen of any of his suggestions.

 

[iPad Air]

Apple should move China manufacturing to U.S. and India, hit them back where it's hurts and maybe they will get the message.

Yeah but unfortunately our government is similar to China's in that they are so freaking involved in our private enterprise that no company can afford to make those kinds of products here. And if they passed those extra expenses on to us consumers - which naturally must be done - then we wouldn't be able to freaking afford the devices.

 

[Apple Corps]

First off, shareholders do NOT own a corporation or any part of it (unless it goes belly up, and then they might get a piece of the final sale of property). Shareholders cannot sell a part of the corporation, or use its buildings, or do anything that an actual owner of something can do.

Secondly, public corporations' director nominations are mostly controlled by the current Board of Directors. Shareholders might get a director elected, but it'd be rare indeed to get more than a couple of seats, much less take over the whole board.

Umm - No and No - that is what proxy votes are all about. The shareholders put forth shareholder proposals, the Board suggests a vote for or against - and if enough shareholders vote in favor it is done. Shareholders own the company - they can change the chairman, the ceo, the bylaws, and through that power sell or close or buy various parts of the corporation.

 

[tresmith]

I believe he's trying to push down the price of the stock only to buy it back later at a much cheaper price.

 

[Larry-K]

That's a bit naive. What do you think trade policy like NAFTA and TPP are all about?

I'm naive? At least I'm not clueless.

The president can't "mandate" anything to a company about where their jobs go.

Business goes where cheap labor, that can maximize profits, is. Corporations were chomping at the bit to send jobs to China and Mexico, and Congress was more than happy to comply with their owner's wishes.

Apple's got Billions, safely tucked away in their piggy-bank, if any company could afford to bring jobs back to the US, they could (Sure, MacPros are assembled in Texas, a huge boost for America, and Apple's bottom line [Not]). Let me know when that happens.

Now with TPP, they're desperately trying to gain some leverage over the leviathan they created, by aligning everybody on the Pacific Rim, but China. If it passes we'll see how that goes, but as a general rule, US trade deals always seem to benefit the few at the expense of the many.

The concept that Trump, as president, could entice any corporation to bring jobs back from whatever they went, to a high-wage, high benefit (okay, it's relative) America, is laughable. Especially when he's never sacrificed a nickel of profit, regardless of who it hurt (Just ask Atlantic City, what a great benefactor he was). He'd have a hard time keeping a straight face, asking other businessmen to sacrifice for the common good.

Oh, and it's NTR now, not MFN, it really just means, "Can we please treat your citizens as a disposable resource, in order to make obscene profits, that we can, in turn, shelter from taxes in some offshore haven.

 

[dbwie]

The lesson China learns is that if they get tough on an American company doing business in China, the company's investors will also hurt them. This gives China more incentive to be a bad player. Who has Apple's back? Not Icahn.

 

[AFEPPL]

Lol, he's not in it for apples good; he's an investor for profit...
The stock market is all about future profits.

 

[dennysanders]

Did you know it only costs them pennies for that additional 48GB and they charge $100 for it? Did you know that 16GB starter model is complete joke? So a 64GB 6s plus is $850 plus tax, meanwhile a Moto x 32GB with SD card option is $450 plus tax, Nexus 6P 64GB is $550, but mostly on sale for $475. What is the justification for that additional $400? Brand? Ecosystem? Quality? Apps? Hint, there is not much different except price.

but who is forcing you to buy the 16gb model? just imagine that it does not exist. obviously people are still buying them at that price so why would apple lower it? and not everyone needs much storage space on their devices so 16gb is plenty for them.

 

[MacAddict1978]

Nah. This was an appropriate move to make sure he made $2billion dollars. (If he really made that amount) in a short amount of time. Not even banks Alan give him such big dividends.

Carl Ichan didn't get rich making bad business decisions. I can tell 90% of the people commenting know nothing about stocks.

If he thought the stock would spike high in the future, he wouldn't have dumped his entire investment. This man is known for holding onto stocks for long terms and he's quite the activist investor on top of it.

If he dumped Apple, that is CONCERNING and why Wal-Street is freaking out. China is just one reason I am sure, and the one he publicly stated. Concerns of growth in the states are also an issue.

Apple has nothing revolutionary in their pipeline. Nothing! Just new models of the old that won't come out feeling very new. Thinning everything is not innovation. Adding color options.... not innovation (and long over due.... hasn't been since the 1st iMacs we saw this really outside of the iPod). Their design has gotten stale, software issues and ease of use not what it was...

I think Apple is going to get spanked a bit more in the market, and I don't think they will have any products in the next few years that are going to drive growth. They are going to be in "fight to keep marketshare" mode the next year or 2.

That is why someone dumps $2 billion in stock. It values dips even 10% over the next year, that's an ass load of money. That's $200 million and not a spit in the bucket.

 

[Dr.Chroma]

It's time for regular people to buy Apple now down near $92-3. AAPL starts its new buyback program today.

Put a trailing stop at 135. Target 45% return in a year. 2.4% yield while you wait.

Nope. Sold my shares/Stock last year and walked away more than content. Buyback is a waste of time. Wait in the shadows to see what happens with AAPL. After their latest earnings call, A smart investor would monitor and strike when necessary, this isn't the time. Investors clearly can see through the smoke.

 

[DeepIn2U]

I believe this has more to do with Icahn wanting to run for treasury secretary and thus should not have any private company ownership in order to be transparent?
http://money.cnn.com/2015/11/03/investing/carl-icahn-donald-trump-treasury-secretary/

http://time.com/4053189/carl-icahn-video/

 

[Solomani]

Finally, we'll no longer have to see his creepy smile.

Ummm, he'll come back. He is the ultimate Wall Street pro. He sold when AAPL was inching high. Then he watches as his actions cause the stock to collapse. Then he buys back when it's super cheap.

 

[Dmunjal]

but who is forcing you to buy the 16gb model? just imagine that it does not exist. obviously people are still buying them at that price so why would apple lower it? and not everyone needs much storage space on their devices so 16gb is plenty for them.

The point is that for the price of 16GB you should get 32GB nowadays. For many people, 16GB is not enough so they have to spend an extra $100 to get 64GB.

 

[dennysanders]

The point is that for the price of 16GB you should get 32GB nowadays. For many people, 16GB is not enough so they have to spend an extra $100 to get 64GB.

ok

 

[Skoal]

China has the western world by the balls and now they're starting to squeeze. Apples bubble can only grow so big before it bursts.

If China has the West by the balls then the opposite also applies!
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LOLOLOLOLOLOLOLOLOL.

I can't. I just can't.

No doubt! Bigger battery? whoa, groundbreaking!

 

[imageWIS]

The stock market is all about confidence in the future not the present. The problem for investors is that Apple is so heavily reliant on one product. The iPhone accounts for 65% of their revenues. That makes investors nervous because as we've seen with the likes of Blackberry and Nokia, a dominant position can easily slip away into nothing very quickly if something else better comes along. Apple will have to address this issue at some point if they can, which I think is the reason they're looking to go into the electric car business as that has the potential to generate massive revenues if they get it right.

Mac is what they need to focus on. The core of Apple is the Mac. At the end of the day everything leads back to the Mac: iPhone and iPads must be connected to a Mac, the Apple Watch is tied to an iPhone which is then paired to the Mac. iPods maybe a tiny market now, but they still need to be connected to a Mac.

Apple needs to really revamp and rethink the entire Mac lineup, from the Pro all the way down to the MacBook. The Pro hasn't been updated in 3 years, and let's be honest, it's a cool case, but nowhere as 'pro' as the previous computer it replaced. The Mac Mini is now completely not user-upgradable, so not even the RAM can be upgraded and there is no discrete GPU option. Only the 27" iMac has RAM which can be user upgraded; even then the external screen compatibility and accessibility options are woefully behind what Red Hat or Windows has.

Apple hasn't even come out with a UHD display, and are selling third party 4K displays, while still charging $1000 for theirs which is what 5 years old now?

Jony Ives I think is one of the things holding Apple back, he seems to have stopped innovating and instead just focused on making everything smaller and thinner, especially desktop objects which don't go anywhere....! He has this idea of removing as many ports as possible and not allowing user-upgradeability in order to thin everything out. They really need to get some fresh minds in the game that can innovate, cuz Steve Jobs isn't there to innovate for them anymore.

 

[azure247]

I purchased 51 stocks when they were 106 a share =/ It was stupid of me considering the share was already near its peak so there was more room for a downward fall. I don't even think the iPhone 7 will bring its shares back up to 106 given how low it is now...

 

[Carlanga]

I'm not mad, Just annoyed by your nonsense post. Thanks for your concern though.
[doublepost=1461871968][/doublepost]

Lol. I edited that and it was supposed to state "Deaths". Love that auto correct feature. And my spelling!

Don't worry, I hate that I have more errors on my writing thanks to autocorrect than before the thing existed. Its good on a phone but on the computer not so good.
[doublepost=1462074815][/doublepost]

Carl Ichan didn't get rich making bad business decisions. I can tell 90% of the people commenting know nothing about stocks.

If he thought the stock would spike high in the future, he wouldn't have dumped his entire investment. This man is known for holding onto stocks for long terms and he's quite the activist investor on top of it.

If he dumped Apple, that is CONCERNING and why Wal-Street is freaking out. China is just one reason I am sure, and the one he publicly stated. Concerns of growth in the states are also an issue.

Apple has nothing revolutionary in their pipeline. Nothing! Just new models of the old that won't come out feeling very new. Thinning everything is not innovation. Adding color options.... not innovation (and long over due.... hasn't been since the 1st iMacs we saw this really outside of the iPod). Their design has gotten stale, software issues and ease of use not what it was...

I think Apple is going to get spanked a bit more in the market, and I don't think they will have any products in the next few years that are going to drive growth. They are going to be in "fight to keep marketshare" mode the next year or 2.

That is why someone dumps $2 billion in stock. It values dips even 10% over the next year, that's an ass load of money. That's $200 million and not a spit in the bucket.

Who said I considered his decisions to move out of apple stocks to be bad? nope all I said it was an easy way to get free money. He got out because tech is always on the move and his risk/reward was too high and could prob reinvest in something more stable.
Any who, there are manyyyy rich people that have a lot of money that have made more than one bad big decision. When you have that much money its hard to mess things up in the end tbh.

 

[ToroidalZeus]

Mac is what they need to focus on. The core of Apple is the Mac. At the end of the day everything leads back to the Mac: iPhone and iPads must be connected to a Mac, the Apple Watch is tied to an iPhone which is then paired to the Mac. iPods maybe a tiny market now, but they still need to be connected to a Mac.

Apple needs to really revamp and rethink the entire Mac lineup, from the Pro all the way down to the MacBook. The Pro hasn't been updated in 3 years, and let's be honest, it's a cool case, but nowhere as 'pro' as the previous computer it replaced. The Mac Mini is now completely not user-upgradable, so not even the RAM can be upgraded and there is no discrete GPU option. Only the 27" iMac has RAM which can be user upgraded; even then the external screen compatibility and accessibility options are woefully behind what Red Hat or Windows has.

Apple hasn't even come out with a UHD display, and are selling third party 4K displays, while still charging $1000 for theirs which is what 5 years old now?

Jony Ives I think is one of the things holding Apple back, he seems to have stopped innovating and instead just focused on making everything smaller and thinner, especially desktop objects which don't go anywhere....! He has this idea of removing as many ports as possible and not allowing user-upgradeability in order to thin everything out. They really need to get some fresh minds in the game that can innovate, cuz Steve Jobs isn't there to innovate for them anymore.

I agree that Apple needs to fix their Mac lineup, especially Mac Pro. But that won't give them the kind of growth a company like Apple is expected to have. The truth is their future lies in the Apple Car. Unfortunately Tim Cook lacks vision. He wasted years developing the Apple Watch so Apple is far far far behind Google or Tesla. I don't believe Cook can oversea the develop of the Apple Car. Even if he does, the product will probably be a dud, worse than Tesla. Hopefully the stock price drop gives the board of directors the kick in the balls they need to replace Cook as CEO.
[doublepost=1462082403][/doublepost]

Bought more shares today. My average price is now a tad over $98.

I'll buy more throughout the year, continuing to average down if I have to. I'm going thermonuclear on this.

plz be joking.