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  • Apple: Zenith Behind Us, Nadir On The Horizon [View article]
    Michael,

    Give up the ghost, you have been advocating avoiding this stock for about 70 points (accounting for split). Lots of better shorts in the market....YELP, TWTR, LNKD, etc....I am sure these articles generate lots of clicks but it has been bad advice for 21 months and counting. Time to move on and use your talents to target a more appropriate overvalued stock or sector. JMTC.
    May 1, 2015. 08:13 AM | 9 Likes Like |Link to Comment
  • Apple: It Is All About Improving Margins [View article]
    Apple (AAPL -0.4%) hardware accounted for 51.3% of the Christmas mobile device activations tracked by leading app analytics firm Flurry, according to data pulled from 600K+ apps. #2 Samsung accounted for 17.7%, and #3 Nokia (Microsoft) 5.8%.
    Dec 30, 2014. 10:01 AM | 1 Like Like |Link to Comment
  • Apple: It Is All About Improving Margins [View article]
    In a move to combat declining profit and high costs, Samsung (OTC:SSNLF, OTC:SSNGY) is cutting the number of smartphone models it offers next year by 25% to 30%. In October, Samsung reported a 49% drop in Q3 net profit.
    The decision will help Samsung reduce its large smartphone portfolio and better compete with cheaper models from rivals, such as Xiaomi.
    Nov 18, 2014. 07:32 AM | 1 Like Like |Link to Comment
  • Apple: It Is All About Improving Margins [View article]
    Hopefully packing up that bottle of Scotch he owes me....:-). Michael is a good guy just got this call wrong....and that happens to every investor.
    Nov 15, 2014. 11:24 AM | 11 Likes Like |Link to Comment
  • Apple: It Is All About Improving Margins [View article]
    Might be a case of underpromising and overdelivering as well.
    Nov 15, 2014. 10:50 AM | 7 Likes Like |Link to Comment
  • iPhone 'Super Cycle' To Power 20% Upside At Apple [View article]
    While Carl Icahn pounds the table for Apple (AAPL +1%) and Apple buybacks once more, Oppenheimer's Andrew Uerkwitz has upgraded shares to Outperform, and set a $115 target.
    Uerkwitz: "We believe iPhone 6 and 6 Plus combined will be the best selling iPhone generation to-date as iOS 8 and larger displays draw much broader consumer appeal than before." He expects new iPhone 6/iOS 8 features such as Apple Pay, HealthKit, HomeKit, and deeper iOS/Mac OS integration boosting "user stickiness."
    The upgrade follows a bullish coverage launch from BofA/Merrill, and a Deutsche downgrade.
    Meanwhile, the WSJ reports strong iPhone 6 demand has caused Apple suppliers to push back mass-production of a 12.9" iPad to early 2015 from December. "The output of the 5.5-inch iPhone 6 Plus remains unsatisfactory," says one source. Digitimes recently reported Apple was shifting production from the standard iPhone 6 to the higher-ASP, supply-constrained 6 Plus.
    Icahn's $203/share Apple target assumes a valuation of 19x FY15E EPS exc. net cash. He respectively forecasts 44%, 30%, and 30% earnings growth and 25%, 21%, and 21% revenue growth for the next 3 years on the back of "significant" high-end smartphone share gains.
    Notably, Icahn thinks Apple can sell 72.5M watches in FY17 at a steep ASP of $450. He also predicts (albeit while cautioning it might never happen) Apple will release a 4K TV set in FY16, and that 25M units will be sold in FY17 at a $1,500 ASP.
    Oct 9, 2014. 10:15 AM | Likes Like |Link to Comment
  • iPhone 'Super Cycle' To Power 20% Upside At Apple [View article]
    Sales from Europe will translate into less dollars, but since it gets and assembles most of its products in Asia, strong dollar should help costs there....JMTC
    Oct 8, 2014. 06:31 AM | Likes Like |Link to Comment
  • Apple: Still Some Mojo And Upside Left [View article]
    The iPhone 6 has finally been approved to be sold in China, the world's largest smartphone market and one of Apple's (NASDAQ:AAPL) largest for iPhone sales, ten days after its global launch.
    China's Ministry of Industry and Information Technology was previously concerned about security risks that could result in personal data breaches, but resolved the issues through "rigorous security testing" and talks with Apple.
    Chinese customers will be able to pre-order the smartphones beginning Oct. 10 and in-store sales will start from the 17th.
    Sep 30, 2014. 05:49 AM | Likes Like |Link to Comment
  • Apple: Still Some Mojo And Upside Left [View article]
    Bendgate isn't a concern for Stifel's Aaron Rakers: Citing "continued strong demand data points" for the iPhone 6 (AAPL +1.4%) and an expectation Chinese sales will start by year's end, he's raising respectively raising his FQ4 and FQ1 iPhone sales estimates by 1.8M and 6.7M to 39.6M and 65.3M, while reiterating a Buy.
    Rakers adds a stronger mix of iPhone 6/6 Plus sales could yield upside to his forecasts. He thinks the 6/6Plus could account for 60-70% of FQ1 iPhone sales, leading iPhone ASP to rise to $680 or higher. ASP was only at $561 in FQ3, and $596 in FQ2.
    The iPhone 6 carries unsubsidized U.S. prices of $649-$849, and the 6 Plus prices of $749-$949. Rakers notes Apple's decision to double the storage capacities of higher-capacity models could also provide an ASP lift.
    BMO's Keith Bachman (Outperform) has upped his FY15 (ends Sep. '15) iPhone sales estimate by 10.6M units to 189M. The hike comes even though Bachman "[remains] unclear about Apple’s ability to sell the iPhone 6 and 6 Plus in China, particularly in the December quarter." He's also setting an FY15 Apple Watch forecast of 12M units.
    Also: MacRumors reports Apple is prepping a refresh for the Mac Mini, which was last updated two years ago. The site thinks the refresh could arrive in October, along with new iPads and Mac OS X Yosemite.
    Sep 26, 2014. 12:05 PM | Likes Like |Link to Comment
  • Apple: Still Some Mojo And Upside Left [View article]
    Sold the bull put spreads recently on RIG for good premium, hold some of the equity as well....value is there if one has a holding period longer than a day trader. Seadrill saw Hendrikson add another 2mm share stake recently and hard to imagine sentiment getting too much worse on sector.
    Sep 23, 2014. 02:28 PM | Likes Like |Link to Comment
  • Apple: The Way Now Open To $120 [View article]
    Analyst Gene Munster from Piper Jaffray reiterated a Buy rating on Apple(AAPL).
    Sep 16, 2014. 07:29 AM | 1 Like Like |Link to Comment
  • Apple: The Way Now Open To $120 [View article]
    Kevin,

    I think GILD's off day has more to do with Alibaba. Huge IPO is sucking the air out of all the "risk on" stocks and indices...including Russell 2000, NASDAQ, the biotech sector, Tesla, Netflix.....if its gets under $100 will add some....under 13 times this year's earnings with continuing growth drivers ahead....

    Bret
    Sep 15, 2014. 03:59 PM | Likes Like |Link to Comment
  • Apple: The Way Now Open To $120 [View article]
    Difference is they are like Microsoft that consumers will use them even if there might be other products....I do agree with you there... It is telling that Google Wallet could not get the same deal with banks as Apple just apparently did. Like I said, not the screaming buy it was 14 months ago.....but should continue to outperform market given growth drivers and low valuation....JMTC.
    Sep 15, 2014. 03:57 PM | Likes Like |Link to Comment
  • Apple: The Way Now Open To $120 [View article]
    Worked as a technology director at Amex for years...huge severance package and stock option gains launched this nice little journey into semi-retirement (Great benefits at Mother Amex and very nice people as well)....However, its litany of big splashy announcements in the technology space that lead to nothing is legendary (Blue Card, online banking, one stop financial marketplace, etc...). Even its vaunted Membership Rewards platform has caused billions in write-offs over the years as it can never account for redemption rates accurately from an actuarial basis. This is a great marketing company that is fortunate to occupy the highest tier of consumer in this age of wealth inequality.

    The Chief Risk Officer actually blamed FICO for not adjusting their algorithms fast enough during the financial crisis for Amex's huge write offs during the period...........and yes, he is still there. Lots of reason to buy AAPL here, its partnership with Amex is not a material one.
    Sep 15, 2014. 02:28 PM | 7 Likes Like |Link to Comment
  • Apple Watch Is Out... Investors Should Watch Out [View article]
    Michael, it is time to give up the ghost my friend. You have been negative and wrong on Apple now for over a year and about 75% upside. I agree, the Watch is not a game changer but Apple Pay could be. Regardless, Apple is going for 10.5 times forward earnings stripping out its huge cash hoard; a 30% discount to the overall market. I know these articles are lucrative given the traffic on any Apple article, but there are much better stocks to write a short thesis on.
    Sep 11, 2014. 09:21 AM | 8 Likes Like |Link to Comment
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