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Kyle Spencer

 
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  • Apple's Payments Platform May Be Ready To Roll
    Sun, Aug. 31 AAPL 78 Comments

    Summary

    • Evidence for a September 9th rollout of Apple's payments platform continues to mount.
    • Apple's recently published patent offers the clearest picture yet of what such a platform might entail.
    • The consistency between leaked PCBs and cases suggests that the iPhone 6 will employ NFC. However, this is not 100% certain.
    • 2014 will be a watershed year for Cupertino and I am increasing my PT accordingly to $114.
  • Apple's Opportunity In India
    Wed, Aug. 27 AAPL 43 Comments

    Summary

    • While China is well covered by analysts, India - Apple's fastest growing market - is widely ignored.
    • India's middle class is expected to grow to more than triple current levels by 2025.
    • India's relative poverty compared with more developed Asian markets presents a number of complications. However, India's middle class is already large enough to be the sole focus of Apple's attention.
    • In order to achieve a breakout, Apple has adopted a uniquely Indian marketing strategy that rests with "EMIs" and the cachet of Apple's premium brand.
    • For Apple, bringing India into the fold hinges on convincing India's middle class that they are getting value for money and credit expansion.
  • Apple's Tax Bill Is About To Get Much, Much Bigger
    Mon, Jun. 23 AAPL 118 Comments

    Summary

    • The European Commission has announced that it will launch a formal investigation into Apple's tax arrangements in Ireland.
    • The Commission's investigation is part of a global crackdown on multinational corporations launched by the OECD and endorsed by the G20 known as the Base Erosion and Profit Shifting Action.
    • The adoption of tax harmonization rules by the majority of European states would effectively eliminate the most profitable opportunities for cross-border tax arbitrage regardless of US adoption.
    • Depending on Apple's capital allocation strategy, BEPS has the potential to be either a windfall or a significant hit for Apple investors in the mid term.
  • Apple Outspends Google On Acquisitions In 2013
    Tue, Mar. 11 AAPL 11 Comments

    Summary

    • Apple has significantly increased its M&A spend over the last five quarters, topping Google for the first time in 2013 ($1.61 bn vs. $1.45 bn, adjusted).
    • These acquisitions cover a wide range of technologies, notably indoor GPS, maps/navigation, predictive search, health-tracking, infrared motion-sensing/3D scanning, video data compression, and low-power wireless radio technology.
    • This surge in M&A activity, combined with a renewed HR push by Apple indicates that the company intends to release multiple new product categories in 2014.
  • Samsung And PayPal Declare War On Apple
    Sun, Mar. 2 AAPL 70 Comments
  • Apple Is Building A Mobile Payments Platform To Rival PayPal
    Fri, Feb. 28 AAPL 141 Comments
  • Apple's R&D Spend Points To Multiple New Products Exiting The Pipeline
    Mon, Feb. 3 AAPL 33 Comments
  • Apple: Buy The Dip And Go Long The 2014 Product Cycle
    Sun, Feb. 2 AAPL 44 Comments
  • Apple Roars Into A Chinese New Year
    Dec. 27, 2013 AAPL 35 Comments
  • Apple Bears Throw In The Towel
    Dec. 13, 2013 AAPL 138 Comments
  • Apple's Italian Tax Woes Are Just The Tip Of The Iceberg
    Nov. 17, 2013 AAPL 63 Comments
  • How Apple Won The War For Education
    Oct. 20, 2013 AAPL 50 Comments
  • 10 Catalysts That Are Paving The Way For Apple $700
    Oct. 18, 2013 AAPL 75 Comments
  • A Sneak Peek Inside Apple's R&D Lab
    Sep. 20, 2013 AAPL 38 Comments
  • Apple: Inside Icahn's Indecent Proposal
    Aug. 17, 2013 AAPL 61 Comments
  • Is Apple Worth More Dead Than Alive?
    May. 3, 2013 AAPL 53 Comments
  • Hedge Funds May Hate Apple, But Consumers Are Still In Love
    Apr. 30, 2013 AAPL 27 Comments
  • Apple Won't Just Roll Over And Die
    Mar. 28, 2013 AAPL 44 Comments
  • The Non-Decline And Fall Of Apple
    Mar. 13, 2013 AAPL 84 Comments
  • Will Chinese Consumers Save Apple?
    Mar. 4, 2013 AAPL 21 Comments
  • Will iPads Replace Textbooks In K-12 Classrooms?
    Nov. 1, 2012 AAPL 47 Comments
  • What Happens If The iPhone 5 Flops?
    Sep. 10, 2012 AAPL 91 Comments
  • Apple Goes For Samsung's Throat: New Complaint Targets All Samsung Mobile Devices
    Sep. 1, 2012 AAPL 68 Comments
  • Apple's Win Over Samsung Is A Kick In The Teeth For Google
    Aug. 26, 2012 AAPL 141 Comments
  • Coming To An iPhone Near You: Apple's New Fingerprint Key For Mobile Payments
    Aug. 2, 2012 AAPL 8 Comments
  • Apple Decoded: Charting The Rise Of The World's Wealthiest Company
    Jul. 24, 2012 AAPL 17 Comments
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