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Jacob Steinberg

 
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  • Cheap iPhones And Buybacks Won't Solve Apple's Problems [View article]
    Apple's problems? I wish I had a problem like being the most profitable company in the history of the US. I love how some people talk as if Apple is on its death bed even though it literally prints money.
    Jan 30 09:19 AM | 5 Likes Like |Link to Comment
  • Apple Beats But Treated As Second Class [View article]
    Every quarter, Apple beats estimates and investors always sing the same song: "yeah they beat it this quarter but they will not beat it next quarter" and a sell-off ensures. The next quarter, the same song gets played again.
    Oct 29 07:29 AM | 2 Likes Like |Link to Comment
  • Buyback? Apple Could Go Private By 2020 [View article]
    "Sorry Humble, but I re-read the article and nowhere did I see that the author's intent was to illustrate AAPL's undervaluation."

    How about the last paragraph? I guess you didn't read that paragraph.
    Oct 7 03:01 AM | Likes Like |Link to Comment
  • What Happened To Apple's Funeral? [View article]
    When you see companies like Tesla, Pandora, Amazon, Yelp getting huge valuations out of thin air, seeing Apple so cheap is kinda sad but i guess that's how the market rolls in the short term.
    Sep 24 11:06 AM | Likes Like |Link to Comment
  • Apple: Forget About $700 And Enjoy Range-Bound Purgatory [View article]
    Same could be said about most large cap tech companies these days. Look at Intel, HP, Microsoft, Cisco, Oracle among many others. There are exceptions like IBM here and there, but most large cap tech companies have been range bound for the last decade or so.
    Sep 11 12:00 PM | Likes Like |Link to Comment
  • The Apple Comeback Begins [View article]
    I agree. Apple should be easily worth at least $500, growth or no growth.
    Jul 25 07:20 PM | 7 Likes Like |Link to Comment
  • The Apple Comeback Begins [View article]
    Or taking the existing iPhone and making it slightly taller and calling it "revolutionary" would be another good idea.
    Jul 25 07:19 PM | 4 Likes Like |Link to Comment
  • The Apple Comeback Begins [View article]
    I'm long Apple too but I don't really know where the "amazing new products" will lead us to. Last year, Tim Cook also said that pipeline was "full of exciting new products" but we just got an incrementally better phone and a tablet. Hopefully this time they will actually do what they say they will.
    Jul 25 07:02 PM | 11 Likes Like |Link to Comment
  • Apple Inc. Growth Slows, Still A Cash Cow [View article]
    That would be huge, but is it practical?
    Jul 25 02:47 PM | Likes Like |Link to Comment
  • Apple Inc. Growth Slows, Still A Cash Cow [View article]
    They didn't say they bought 22.9 million shares though. They said they reduced the number of diluted shares by 22.9 million. They probably issued some extra shares to pay their employees. So if they issued 6 million shares and bought 29 million, that would decrease the net by 23 million.
    Jul 24 08:20 PM | Likes Like |Link to Comment
  • Apple Inc. Growth Slows, Still A Cash Cow [View article]
    This is from the earnings call transcript (and it sounds a little bit confusing):

    Peter Oppenheimer
    All of that is on the income statement, so you got the ending basic and diluted, but let me give you a couple of points that I think could be helpful for you. During the June quarter, we concluded the first $2 billion ASR program that we started in December and then so we got the final shares in on those, and we did our second ASR program of $12 billion, that started at the end of April and we received 23.5 million shares initially on that. And I went through in my prepared remarks, at some point during fiscal ‘14 that program will close and we will get the final number of shares. We also bought back 4 billion of stock in the open market during the June quarter and received about 9 million shares. So, the impact of those in the June quarter lowered our diluted share count in the quarter by about 22.9 million shares.
    Jul 24 07:01 PM | Likes Like |Link to Comment
  • Apple Inc. Growth Slows, Still A Cash Cow [View article]
    So what happened to Tim Cook's "pipeline full of amazing products" last year? It turned out to be an incrementally better iPad and iPhone 5. Every quarter he talks as if the company's pipeline is full of revolutionary products but it always turns out to be some incremental improvements over the existing products.
    Jul 24 06:25 PM | Likes Like |Link to Comment
  • Apple Inc. Growth Slows, Still A Cash Cow [View article]
    First, this is not a call transcript, so it doesn't have to mention every little reference that was made in the call. There is little point in saying "how come you didn't quote xyz" about the report.

    Second, I talked about both positives and negatives but I guess you only want sugarcoated version of things. I am sorry that this article wasn't what you were looking for.

    Third, Tim Cook can say "this fall will be busy" all he wants. That meant something only the first five times or so. EVERY quarter Tim Cook says "oh I can't give you details but our pipeline is full of exciting products, next quarter will be very exciting and busy" and every time it just turns out to be nothing.

    Fourth, I am long Apple also but today's rally had very little to do with what Tim Cook said. Today's rally was mostly a relief rally because all the scary stories bears have been telling turned out to be exaggerations. Apple still trades for far below the $700 it was trading last year.
    Jul 24 04:13 PM | Likes Like |Link to Comment
  • Apple Inc. Growth Slows, Still A Cash Cow [View article]
    Growth might or might not be over. It will depend on Apple's new line of products.
    Jul 24 12:43 PM | 3 Likes Like |Link to Comment
  • Hedge Funds May Hate Apple, But Consumers Are Still In Love [View article]
    "If that's the case, then many bearish analysts are attacking a straw man. Apple's customers don't require yearly revolutions to keep buying Apple, any more than Porsche is required re-inventing the car to retain its customers."

    Finally someone that actually understands Apple! Great article that makes great points.
    Apr 30 06:23 PM | 19 Likes Like |Link to Comment
More on AAPL by Jacob Steinberg
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