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  • Apple's Newfound Glory [View article]
    Physical Receipt:

    There’s a long way to go from today’s market cap of about one-half trillion dollars to a doubling of the company’s value. Please keep in mind management is in the process of repurchasing $90 billion worth of the company’s outstanding shares. This will dampen the rise in the market cap as the share price moves higher.

    With a regular quarterly dividend program in place, the ongoing share repurchase program and the return to net income growth, shareholders will benefit even if the market cap doesn’t double anytime soon.
    May 1 12:50 AM | Likes Like |Link to Comment
  • Apple's Newfound Glory [View article]
    fgrindle:

    The percentage of revenue Apple applies to research and development has been on the rise. In additional to the string of recent acquisitions, Apple invests heavily in capital expenditures to support new manufacturing processes and expand the company’s capacity to produce and deliver new products and services.

    Management has signaled the increased R&D spending is evidence of new products soon to be brought to market. As much as an Apple iWatch has been widely mentioned and discussed in the press, I expect Apple to deliver other new products this calendar year.
    May 1 12:39 AM | 1 Like Like |Link to Comment
  • Apple's Newfound Glory [View article]
    David:

    Thank you for your comment. As of the end of the March quarter, Apple had deployed $45.9 billion of the previously authorized $60 billion in repurchases. Essentially half of the total $90 billion in repurchase commitments has occurred at prices well below $550 per share.

    Within the Braeburn Group discussion community I had stated for the past few months the value of the repurchase program would be more fully realized as Apple returned to net income growth. Apple has begun a new cycle of rising profitability with the March quarter.

    Moving forward, the ongoing repurchases will obviously have a beneficial impact on the share price as the reduced number of shares amplify the eps impact of organic net income growth. But the percentage of the fully diluted share count removed from the market with the remaining $44.1 billion in repurchase commitments will not match by a country mile the percentage of shares repurchased already.

    Meanwhile, Apple’s quarterly cash generation will continue to rise.
    Apr 29 12:09 AM | 1 Like Like |Link to Comment
  • Apple's Newfound Glory [View article]
    labman106:

    Thank you for your comment. Caution is always appropriate before making any investment decision. Please remember while you wait, Apple is returning to a cycle of profit growth and management is engaged in a process of repurchasing $90 billion worth of the company’s shares.
    Apr 27 11:07 PM | 2 Likes Like |Link to Comment
  • Apple's Newfound Glory [View article]
    johnc77:

    When I visit an Apple retail store I see consumers engaged in an ongoing “conversation” with Apple about the company’s products. Store patrons engage freely in discussion with store staff and represent the nearly 800 million Apple product and services customers around the world.

    If one views Apple as a device maker only, much is missed as to how the company creates growth and product sales opportunities.

    Although Apple’s primary growth drivers today are the iPhone and iPad lines, ten years ago the primary growth driver was the iPod line. Ten years from now the primary growth drivers may be series of new products and services.

    It’s the strong customer relationships Apple creates that fuel the company’s growth no matter the most popular Apple products at any particular point in time.
    Apr 27 10:59 PM | 1 Like Like |Link to Comment
  • Apple's Newfound Glory [View article]
    DanoX:

    I'm also following GTAT and the ongoing expansion of the Arizona site. The story is continuing to unfold
    Apr 27 10:49 PM | 1 Like Like |Link to Comment
  • Apple's Newfound Glory [View article]
    HuFlungDung:

    Thank you for your comment. Please keep in mind Apple is also spending billions each year on capital expenditures to support the company’s content delivery infrastructure, to develop new manufacturing methods and increase production capacity.

    Expanding the iPhone product line makes sense as the global high-end smartphone market matures.
    Apr 27 05:46 PM | 1 Like Like |Link to Comment
  • Apple's Newfound Glory [View article]
    bjnflicks:

    In my view, Apple remains in an equity class all its own.
    Apr 27 02:08 PM | 3 Likes Like |Link to Comment
  • Apple's Newfound Glory [View article]
    garysund:

    I appreciate your long-term point of view. Apple is a very well-managed global enterprise with tens of millions of new customers acquired each quarter.
    Apr 27 02:07 PM | 2 Likes Like |Link to Comment
  • Apple's Newfound Glory [View article]
    Horatio:

    Over the past twelve years four different products lines have at one time or another been Apple’s principal growth driver. The meteoric rise in iPod sales following the release of iTunes for Windows and the opening of the iTunes Music Store to the resurgent Mac line following the Intel transition to the iPhone, momentarily to the iPad following its initial release and now back to the iPhone for current growth.

    Management has signaled new products will be release by the end of the calendar year to begin to diminish the reliance on the iPhone for aggregate growth.
    Apr 27 02:04 PM | 2 Likes Like |Link to Comment
  • Apple's Newfound Glory [View article]
    Well said.
    Apr 27 12:52 PM | 1 Like Like |Link to Comment
  • Apple's Newfound Glory [View article]
    telzit:

    Keep in mind the reported R&D expenses do not include the billions invested each year in capital expenditures.
    Apr 27 12:51 PM | 3 Likes Like |Link to Comment
  • Apple's Newfound Glory [View article]
    szeducate:

    Thank you for your comment. In my view, without market segmentation, market share numbers for smartphones and tablets are virtually meaningless.

    You are correct. The iPhone and iPad products lines will continue to deliver growth and high profits. However, to boost the company’s revenue growth performance, new products and services are needed for the nearly 800 million Apple customers around the world.

    The good news is management will deliver on its promises for new products this calendar year. This has been stated repeatedly in the recent quarterly conference calls with analysts.
    Apr 27 12:47 PM | 2 Likes Like |Link to Comment
  • Apple's Newfound Glory [View article]
    215304:

    The rapid pace of share repurchases combined with the return to net income growth suggests very strong earnings per share gains in the second half of the fiscal year. In my view, earnings growth is the primary driver of Apple’s share price appreciation and Apple is on track to deliver strong net income growth for at least the next four fiscal quarters. The growth in underlying net income will be amplified in the eps results by the ongoing share repurchase program.
    Apr 27 12:38 PM | 2 Likes Like |Link to Comment
  • Apple's Newfound Glory [View article]
    Andrew A

    Thank you for your comment. Among the few surprises in Apple’s March quarter results was the return to net income growth in the period. Management’s guidance proved to be quite conservative. Revenue and gross margin were both well above management’s guidance for the quarter.

    Apple manages its business on a geographic basis and the company performed much better than expected in emerging markets while impressively adding tens of millions of new content customers.
    Apr 27 12:25 PM | 2 Likes Like |Link to Comment
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