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Bidness Etc

 
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  • Apple Surprises Skeptics As iPhone Registers Record Sales [View article]
    Thank you gelstretch. We will do an update and let you know once we have the updated numbers (Chinese) on 5c.
    Oct 30 08:17 PM | Likes Like |Link to Comment
  • Apple Surprises Skeptics As iPhone Registers Record Sales [View article]
    Bidness Etc thinks that Apple has huge potential in emerging markets and introducing lower priced phones (near $250) will help them capture market share in China etc. We are not fans of 5C prices. Please read our article on iPhone 5C: http://bit.ly/17xmqNW
    Oct 30 12:28 PM | Likes Like |Link to Comment
  • Apple Surprises Skeptics As iPhone Registers Record Sales [View article]
    Bidness Etc agrees with you. We are bullihs on the stock. However, one needs to realized that Apple's major end markets are near maturity (smartphones and PC/lap tops). Yes they have amazing products but competition has catched up and that's why growth will slow down. At the same time its valuation multiples are not pricing in any growth, hence making a good risk to reward ratio in case of Apple.
    Oct 30 09:58 AM | Likes Like |Link to Comment
  • Apple Surprises Skeptics As iPhone Registers Record Sales [View article]
    That was the concern and that's why the stock was down despite beating estimates and almost every sell side analyst coming up with positive post release comments.
    Oct 30 09:25 AM | 1 Like Like |Link to Comment
  • Apple Surprises Skeptics As iPhone Registers Record Sales [View article]
    Market is concerned about a potential decline in gross margins as ASPs decline. Stock traded down almost $20 on this, after reporting earnings, in the post market trading. Bidness Etc thinks these concerns are priced in and are reflected in AAPL's cheap valuations (P/E ex cash is below 10x). We probably wont see big jumps in the stock price untill new product launches or a larger than expected buyback announcement.
    Oct 30 09:08 AM | 1 Like Like |Link to Comment
  • Apple Surprises Skeptics As iPhone Registers Record Sales [View article]
    Thanks pls follow us or visit our website for analysis on US stocks.
    Oct 30 09:00 AM | Likes Like |Link to Comment
  • Apple Surprises Skeptics As iPhone Registers Record Sales [View article]
    Thank you Michael. You can visit our website http://bit.ly/1hlTtZ9 and find more analysis on AAPL and other tech stocks.
    Oct 30 08:49 AM | 1 Like Like |Link to Comment
  • Apple: What's The New Price Target? [View article]
    Are you talking about the gross margins?
    Nov 14 12:29 PM | Likes Like |Link to Comment
  • Apple: What's The New Price Target? [View article]
    The margins in the smartphone industry are changing pretty quickly.
    1) The Gross Margin decreased from 42.8% in the previous quarter to 40% in the quarter ended September. The margins for iPhone 4s were just shy of 58% and the numbers for the current quarter reflect that margins for iPhone 5 could be as low as 50%.
    2) We believe the margins for the iPad series would be below 30% in the coming quarters i.e. 28%-30%. These margins had been in the range of 30%-35% previously.

    For Nokia and Rimm we are using estimates of 2013/14 assuming sales would rebound by then
    Nov 14 12:26 PM | Likes Like |Link to Comment
  • Apple: What's The New Price Target? [View article]
    Can you please explain the positives, thanks
    ps price targets and recommendations have been changed because of the changing dynamics of the industry as well as product launches.
    Nov 14 11:07 AM | 2 Likes Like |Link to Comment
  • Why Apple Will Miss Earnings And Trade Below $600 [View article]
    Developments in the technology sector and iPhone 5 had an impact on our perspective
    Oct 26 09:14 AM | Likes Like |Link to Comment
  • Why Apple Will Miss Earnings And Trade Below $600 [View article]
    There is more downside as the stock can trade near $500
    Oct 25 04:31 AM | Likes Like |Link to Comment
  • Why Apple Will Miss Earnings And Trade Below $600 [View article]
    Sorry for the typo, yes its Q4.
    Oct 25 04:29 AM | Likes Like |Link to Comment
  • Why Apple Will Miss Earnings And Trade Below $600 [View article]
    here is the reply: You are correct on Verizon and AT&T sales. Our sales figures are conservative based on our assumption that the US market responds more to initial launches. Moreover one of the reasons that higher sales are reported for iPhone 4 and 4s in America are understandable because carriers here lowers prices significantly ahead of such major launches and you wont expect a similar strategy all around the world. Still there is an approximately 3.5 million upside to our figures (in a bullish scenario) which should bring total to 25 million for the quarter and move up 2012 PT to $525. Sell side is expecting a lot from China in terms of growth but until the China Mobile deal comes through its just speculation. Considering China Mobile already has approx 70% of their market, will they be as willing as VZ or T to give up margins? We don't think so. Even if such a deal comes through do not expect subsidies similar to VZ and T. So we think 50%+ growth from China as the sell side is estimating, is unrealistic.
    Oct 25 04:28 AM | Likes Like |Link to Comment
  • Why Apple Will Miss Earnings And Trade Below $600 [View article]
    Hi Bill,
    You are correct on Verizon and AT&T sales. Our sales figures are conservative based on our assumption that the US market responds more to initial launches. Moreover one of the reasons that higher sales are reported for iPhone 4 and 4s in America are understandable because carriers here lowers prices significantly ahead of such major launches and you wont expect a similar strategy all around the world. Still there is an approximately 3.5 million upside to our figures (in a bullish scenario) which should bring total to 25 million for the quarter and move up 2012 PT to $525. Sell side is expecting a lot from China in terms of growth but until the China Mobile deal comes through its just speculation. Considering China Mobile already has approx 70% of their market, will they be as willing as VZ or T to give up margins? We don't think so. Even if such a deal comes through do not expect subsidies similar to VZ and T. So we think 50%+ growth from China as the sell side is estimating, is unrealistic.
    Oct 25 04:27 AM | Likes Like |Link to Comment
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