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  • The Rumored iPhablets Expected In 2014 Will Not Save Apple's Bacon [View article]
    Of course it is... it's like saying that Daimler is losing market share in the auto market because they're making less cars than Honda IF Honda was giving away its cars for free. Segregate the segments if you want to be taken seriously. They're appealing to 2 very different markets.
    Nov 18, 2013. 03:05 PM | 20 Likes Like |Link to Comment
  • The Rumored iPhablets Expected In 2014 Will Not Save Apple's Bacon [View article]
    This author is notorious for making that sneaky argument that Apple is supposedly losing some sort of market share, but read why this is a lousy view to depend on if you're an investor. I wrote about it in this SA article in the Competition section:

    Another argument I made to build on the one from above is that Apple will obviously have less market share than Android as they are appealing to the premium market. Blair's dream is for Apple to sell their products at a loss so he can cash out his puts. LOL.

    But for real investors, these are crooked arguments based on crooked information and is basically comparing 2 companies with completely different strategies. Michael Blair is really good at making comparisons like that. Michael, is Ford stealing Apple's market share as well?
    Nov 18, 2013. 02:54 PM | 20 Likes Like |Link to Comment
  • Apple: The Bottom Has Yet To Be Reached [View article]
    I think everyone's aware that margin erosion was the reason for Apple's 45% stock price decline. I sold Apple at $685 - I saw that decline from a mile away. Nobody is arguing that the insane growth phase came to an end in 2012. The question is, do you put your money in "me too" companies or do you place it in a company that has proven its innovative worth and has the cash to create "new" products? I don't really think you have a good argument here for why the bottom has yet to be reached. Even if Apple does nothing for the next year, the company will still continue to print cash. That's the nature of having the #1 global brand.
    May 10, 2013. 04:13 PM | 20 Likes Like |Link to Comment
  • Is Apple Using Share Buybacks To Support Its Stock Price? [View article]
    Wouldn't it be in Apple's best interest to buy the shares at a lower price? So the lower their repurchase price, the less cash the company spends. Why would they need to "protect" and "support" their shares? Unless the executives' performance is measured in terms of stock performance, such speculation is quite ludicrous.
    Apr 9, 2013. 10:32 AM | 17 Likes Like |Link to Comment
  • Apple Continues To Bleed Market Share [View article]
    This isn't funny any more Michael Blair. I don't know what your motivation is for writing your articles - but let me remind you, you started when Apple was trading at about 415-420 and Apple is now trading at 590. It's time to come up with a better narrative than your silly market share argument that has clearly not been the driver of Apple's stock price (since they've actually gone up 40% during that time period when you claimed they've been "losing" market share).
    May 4, 2014. 09:40 AM | 16 Likes Like |Link to Comment
  • Arch Rivals: Samsung Vs. Apple [View article]
    Your article is old news. Everything you said has been echoed by pundits and analysts months ago and is factored in to why Apple just lost about $250 billion of market cap in a month. Thanks though. The reminder is appreciated.

    Your valuations are also unfair. Your P/E values Apple at 9.81x ... that's like saying that Apple's cash is worthless. Do you really believe that $140 billion has 0 value? Market cap -EX CASH Apple is valued at 6+x P/E - which is an enormous discount to comps, even Samsung. At that valuation, it trades at a 1/3 of Google's valuation.

    You're also saying that its ecosystem is worthless and that its hardware should be valued at the same price as Samsung's. Right.
    Mar 18, 2013. 01:17 PM | 16 Likes Like |Link to Comment
  • Is Apple Really Doomed? [View article]
    But your statement offers nothing in the form of a convincing argument. Bring something more convincing to this debate other than "new products or it will be a Sony"... But then again, it seems like you're in the company of a WSJ reporter.
    Mar 24, 2014. 09:59 AM | 15 Likes Like |Link to Comment
  • Apple's Financials: Polished Exterior but Check the Oil [View article]
    Coming up with such a low target price from an analysis of accruals without even segmenting is a little ridiculous. You hastily mentioned that iPhone and AppleTV products are "deferring revenues". Are you projecting that growth for iPhone and iPad sales will slow? Are you projecting that the Mac sales will deteriorate over time? There is no segment analysis, nothing specific about any slowdown - just an "accrual number" and a questionable target price. Whenever I read a report that doesn't even go as far as segmenting Apple's products, I consider it a lazy analysis that investors should treat with extreme caution. The 4x sales has to do with their growth, which if you haven't noticed is extremely strong. Your analysis almost encourages a short strategy, which is extremely risky on the Apple stock.
    Feb 10, 2011. 09:34 AM | 14 Likes Like |Link to Comment
  • Apple lower amid report of muted China Mobile demand, price concerns [View news story]
    The photos clearly contradict the NYT report. The photos show long lines and packed stores. Clearly more than "a dozen" as reported by NYT. I've always thought of the NYT as an agenda driven newspaper. It seems to me like they'll blatantly manipulate truth to get the results they need.
    Jan 17, 2014. 01:19 PM | 13 Likes Like |Link to Comment
  • Apple: Still No. 1 But Slipping Fast [View article]
    You cherry picked a quarter in which Apple had no new release. It was just some random quarter with no trends.
    Slipping fast? Says who? Why don't you show us what happens to shipments in 1Q14 relative to Samsung and their prior year? My bet is that the iPad Air will demolish Samsung and all other competitors. SA is notorious for cherry pickers who like to hate on Apple. What's funny is that Apple has like 30 of these types of data points with Y/Y growth. This guy cherry picked the product that had relatively little growth. Weak analysis.
    Nov 1, 2013. 11:49 AM | 13 Likes Like |Link to Comment
  • Apple's New iPads Are Out And They Are Gorgeous: Sell The News [View article]
    Very selective representation here in terms of your evidence. From October 4, 2011, until April 5, 2012, the stock was up 71%. You chose to show us only what happened before a massive bull run. At the end of 2012 there were many many drivers of why Apple crashed (I too sold my shares at $685 - who didn't?). To say that it was driven by one factor is silly and weak. In terms of what to expect going forward thank you for presenting us with your selection bias, but looking at ALL the drivers of Apple's trends, it seems like you're way wrong. It sounds like you're going to lose a lot of money on your shorts, so I guess these biased articles can only help, right?
    Oct 23, 2013. 10:51 AM | 13 Likes Like |Link to Comment
  • Apple: Is It Really Too Cheap To Ignore? [View article]
    First of all, I'll have to correct you. Apple was actually cheaper in 2000 and 2001. It was trading under 9x after the dot com bubble burst and after 9/11.

    Second, Cook is doing plenty and he's doing just fine. Apple dominated the hardware market for years and people expected relatively very little from them while they dominated. In fact, the iPad was met with anger as analysts thought it would cannibalize much higher margins from notebooks. The stock dropped 10% on days following the release. They did NOT want Apple to innovate when the stock was doing well.

    When Jobs came back to Apple in 1996, analysts hated him. The stock dropped 40% in the months following his return. Now, analysts hate Tim Cook and the stock dropped 40% after Jobs died.

    See, it's not that Cook isn't doing something right. It's that there is an unreasonable and unjustified expectation from authors like you that cannot be met. Because you think you have more information than Apple, your approach is GIVE US MORE NOW OR ELSE whether or not its the right way forward for the company. I could honestly care less about the short term success of gamblers. I put my money on Tim Cook.
    Mar 8, 2013. 02:22 PM | 13 Likes Like |Link to Comment
  • Why Apple's China Mobile Launch Was A Flop [View article]
    it's anecdotal evidence that is at best driving immaterial amounts. look i appreciate reading bear views, but don't present anecdotal evidence and tell us that it's the driver of a weak strategy. OK?
    Jan 23, 2014. 11:00 AM | 12 Likes Like |Link to Comment
  • Apple: Don't Be Afraid To Short [View article]
    The other really risky thing to do is shorting a security against announced share buybacks and large longer-term hedge fund holdings. I just can't understand how one can write an article named "Apple: Don't Be Afraid to Short" without at least disclosing some of these huge risks. It's irresponsible.
    Oct 7, 2013. 01:50 PM | 12 Likes Like |Link to Comment
  • DOJ proposes e-book remedies for Apple case [View news story]
    This is kind of insane. The role of government is reaching new levels of abuse. Flexing their muscles to attack good American companies. I am in disbelief and I hope Apple wins in appeals.
    Aug 2, 2013. 11:08 AM | 12 Likes Like |Link to Comment