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Investor Carl Icahn Dumps Apple Shares Over China Concerns
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People have been played in this game before Apple stock has dropped at much larger percentages and under Steve Jobs reign. I've bought Apple stock since 2005. I've learned to play the cycle. It's fueled by large investors who take the stock down fueled on rumors and here say. The press then gets involved. And it goes down. Then the big players buy in then sell high or hold after it all calms down. What very few are saying is that this quarter was the second largest quarter ever for the iPhone.
2016 - 50 billion , 2015 - 58 billion , 2014 - 45 billion , 2013, - 43 billion , 2012 - 39 billion , 2011 - 24 billion , 2010 - 20 billion , 2009 - 8 billion , 2008 - 7.9 billion, all the same quarter different years. Yes it's a eight billion dollar difference. The S cycle reversed in sales. There was pent up demand for larger screen iPhones. All previous S models sold more than their predecessors. So I will by more as always and play the cycle. Apple guidance for this quarter was disclosed at the last earnings call. And it was right on the money for the sales. The anylysts new this for three months it was no surprise.
2016 - 50 billion , 2015 - 58 billion , 2014 - 45 billion , 2013, - 43 billion , 2012 - 39 billion , 2011 - 24 billion , 2010 - 20 billion , 2009 - 8 billion , 2008 - 7.9 billion, all the same quarter different years. Yes it's a eight billion dollar difference. The S cycle reversed in sales. There was pent up demand for larger screen iPhones. All previous S models sold more than their predecessors. So I will by more as always and play the cycle. Apple guidance for this quarter was disclosed at the last earnings call. And it was right on the money for the sales. The anylysts new this for three months it was no surprise.
Too late, by a couple of years. It won't stop apple from claiming they were first.
Oppo 2014
http://www.theverge.com/2014/10/29/7091055/this-android-smartphone-is-too-thin-for-a-headphone-jack
LeEco launched 3 of them out now that take USB Type-C digital headphones. They released a couple of those also.
http://www.androidauthority.com/first-phones-without-headphone-port-run-android-687910/
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Haha, I meant the major cellphone manufactures. But that shows where it's all going. I was on their site the other day looking at their car prototype.
I'm sure they're in the process of doing something effective about it, but the fruit of that endeavor probably won't present itself until next year at the earliest in the form of a sexy, new iPhone design with mLED and other goodies. 2016 will be a less than stellar year (compared to the last couple of years) for the iPhone line and a downright terrible year for iPad sales. When the iPhone provides close to 70% of your revenue and you have your first decline in iPhone sales, things will definitely be happening at Apple behind closed doors, but it takes time. Anniversary iPhone FTW.
Yeah, so your perceived "mismanagement of the company" has absolutely NOTHING to do with any of Icahn's reasoning. I happen to think he's nothing more than an opportunist who is anything but genuine, but "mismanagement of the company" is not listed anywhere in his statements. Probably because that's simply not what's happening.
We've had basically no inflation in the U.S. over those last 16 years, so I'm not sure how you think our government is messing with savers and people making moderate earnings. It has almost gotten to the point where it is scary and weird how low inflation has been and for how long.
While I agree that they have a way to go oppo is rising pretty fast. In a dropping celphone market where both samsung and apple dropped oppo doubled theirs. One thing to note though is the thin, headphone jackless phone went over like a lead bloon. Most of the comments I saw were against the lack of a headphone jack.
http://9to5google.com/2016/04/28/oppo-huawei-sales/
Personally I could go for usb-c headphones over lightning connector ones. From what I have seen there are already other companies coming out with usb-c ones. Then again having to choose between charging or using headphones would make it a harder decision.
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For folks who think Apple is done innovating I have one point to make.
2Q 2015: R&D $1.9 billion
2Q 2016: R&D $2.5 billion
$600 million more was spent in R&D last quarter than a year ago. And this trend of increased R&D spend has been going up for a while. Apple is cooking up some stuff. There is no doubt about this. We all know it is a Car. But it is probably several other things done and at a large scale. By way of comparison, Tesla's R&D in a YEAR is $700 million. Apple is increasing every quarter its R&D (on a year by year comparison) by a Tesla basically. They aren't spending that kind of money so they can make a thinner keyboard for the MacBook.
2Q 2015: R&D $1.9 billion
2Q 2016: R&D $2.5 billion
$600 million more was spent in R&D last quarter than a year ago. And this trend of increased R&D spend has been going up for a while. Apple is cooking up some stuff. There is no doubt about this. We all know it is a Car. But it is probably several other things done and at a large scale. By way of comparison, Tesla's R&D in a YEAR is $700 million. Apple is increasing every quarter its R&D (on a year by year comparison) by a Tesla basically. They aren't spending that kind of money so they can make a thinner keyboard for the MacBook.
Here's something that really stood out to me.
This is actually huge. China was/is spoke of as the "last frontier" so to speak where apple's market share was going to soar, it couldn't have topped out this quick and then had a 26% drop. I see this as a possible game changer for apple as I believe they were probably looking toward china to keep the upward growth.
I'm not saying apple is going under, just that I doubt they expected a 26% drop after about 2 years.
Yes, I know the dollar is strong. Tell me about it, times are tough here, but I don't think it would account for 26% drop.
This is actually huge. China was/is spoke of as the "last frontier" so to speak where apple's market share was going to soar, it couldn't have topped out this quick and then had a 26% drop. I see this as a possible game changer for apple as I believe they were probably looking toward china to keep the upward growth.
I'm not saying apple is going under, just that I doubt they expected a 26% drop after about 2 years.
Yes, I know the dollar is strong. Tell me about it, times are tough here, but I don't think it would account for 26% drop.
Yeah well the Apple crowd carried on for a year about the 30 pin connector. But wireless charging or smart connector chargers will do just fine. I have Ultimate Ear pros that cost more than my iPhone, you just have to adapt and move on.
Or move elsewhere. It's an easy choice to me, apple priced me out of an iphone of a decent size. There are a lot of countries where many of the people can barely afford a used iphone, expensive headphones out of the question. I never see anyone with anything more than earbuds. I truly doubt all of the android phones will drop it especially in places like here, latin america, so I see apple losing out here. It will take a few years though because most that buy iphones typicaly get one several generations back, they sell more older models new here.
People in 3rd world countries do not get to make 1st world adaptations. Headphones more expensive than an iphone is a 1st world choice.
In fact with the current sales structure of upsell to get something decent I see them pushing myself, and I'm sure others in places like this, out of the picture.
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Given how much $$$ Apple has in their pocket, and their dividends, I think this is a stock to buy and hold, and set up a DRIP. They will be around 20+ years from now, and there is no trend away from their core products to something else (akin to Microsoft missing the smartphone movement). And they have shown the ability to jump on the trends of others and make them better (e.g. iPod was not first portable music player). Their services business will continue to grow. They are still trying to disrupt television and will disrupt automotive industry. They could get involved in green technology development and drive that ahead, given their repeated trumpeting of their concern for the environment. Stop worrying about today and buy/hold. That's what I did with AAPL since 1999. Doing it again with Facebook since last year. If you want to make a quick buck the most reliable way is to get a second job, LOL
Your right about that for sure, I've traveled all over Central and South Amercia. I also have nieces and nephews in Peru. We here do tend to obsess about things that are trival in comparison, thank you so much for the reality check.
No problem, but I did not mean to sound bitter. I'm not, we just all adapt in different ways.
Why is he a slime ball? He bought low and sold high - BINGO. Believes in Apple - patience to a point is a virtue - patience beyond some point is stupidity. AAPL has been a crap performer for the last 4 years of Cook's 5 year CEO tenure.
Lol. Tim cook of course. I'm sure Cook has control of everything that happens, if not then he definitely needs to go. It starts with him one way or another.
I don't get the hate. It's what they do, they don't owe apple anything. As far as apple is concerned why would they care who owns the stock. I'm sure the whiners would buy apple stock and wait to sell it after It drops below their buying price.
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There has been plenty of inflation. In assets. Real estate and equities are up over 100% in the past seven years since the crisis. The middle class who don't own assets are stuck with savings earning 0%. This is exactly government messing with savers and benefitting the 1%.
This is why we have such a dramatic wealth inequality in this country and why it has actually gotten worse these last seven years.
I'm very worried about Apple. It's losing its grasp on everything: smart watches, smart phones, PCs and even the tablets. I think it's going to take a while for Apple to bounce back. They need a big splash with the Apple Watch 2 and perhaps they should consider a buyback.
For heavens sake, that theory does not work - look at the results (lack there of) of the $120,000,000,000 wasted.
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No - Tim Cook is the CEO - not Carl.
I'm going to get hate but Tim was the best choice given the death of Steve Jobs. The future of Apple depends on a visionary at the helm. Steve was the visionary and the worlds best salesman. Hard shoes to fill. If Apple is getting in the car business they should buy Tesla. Make Elon Musk CEO and put Tim back in his old position. I had hoped that Jon Ives would have stepped up to plate. He seems not comfortable in the limelight. He also did his best work with a visionary collaboration with Jobs. Apple will get a car sell it separately as its own line, plus battery tech and many other Markets to expand. Tim is a master of inventory and production efficiency. Exactly what Tesla needs.
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