Seeking Alpha

Seraphim Blentzas  

View Seraphim Blentzas' Comments BY TICKER:

  • It's Official: Mr. Market Believes Apple's Growth Story Is Over [View article]
    Noticed you didn't mention Nokia p/e 23.06. No company lost market share faster in Europe than Nokia. Maybe Brazil and Russia too where the transition away from Symbian isn't helping.
    When talking about blackberry make sure to mention U.S. market share not just market share since blackberry continues to hold steady in Europe and is gaining ground in developing countries where bandwidth efficiency matters.
    Apple is gaining in the U.K., Australia, China and losing in Western Europe. The iPad probably won't have 90% of the market next year but if the tablet market is 40% bigger Apple could grow just on its tablets. iPhones are still doing well overall. Just make sure they're easy to distinguish from the fake ones being sold in China.
    Jan 25, 2012. 09:09 AM | Likes Like |Link to Comment
  • The Apple Bubble Is Ready To Burst [View article]
    why would you go back to 1984 when most of the company's growth happened in the last seven years? In 2005 Apple's market capitalization was $65 billion today it's over $400 billion.
    Jan 9, 2012. 09:09 AM | Likes Like |Link to Comment
  • The Apple Bubble Is Ready To Burst [View article]
    I just think that Apple has its work cut out for it in the smartphone market (China recently surpassed the US as the biggest smartphone market and how's Apple doing in China?). Tablet market, it dominates that's a given but smartphones I'm not convinced. Apple's recent problems in Europe are widely known (still not as bad as Nokia where market share got cut in half in 2011). iOS is getting dangerously close to 20% in France and Germany which represents 5-10% decrease in the last year the opposite of what's happening with Android in those markets. In Germany Android is something like 3X the market share of Apple which should mean a lot considering Germany is Europe's biggest market. Germany has been a hostile place for Apple (just look up the patent ruling in favor of Motorola) so it could be a while before Apple makes up any of the share losses.

    Should've elaborated in the first sentence, the US and UK (and maybe a couple others like Australia, Canada) are the only major developed countries in which iOS is gaining market share (as far as I know, please correct me if I'm wrong). That doesn't mean iOS isn't still doing well in other markets like Japan where it is still over 30%. Just check out Apple in South Korea, not only is it far behind the leader but it isn't gaining share. China and Brazil are adding tens of millions of people to the working class every year, and iOS is not showing share growth there either as one would expect.
    Jan 9, 2012. 08:40 AM | Likes Like |Link to Comment
  • The Apple Bubble Is Ready To Burst [View article]
    Apple does seem a bit overvalued at over $400 a share if you consider it losing market share in Europe and most of its success limited to the USA and UK and it still has work to do in emerging markets.
    But there's still the iPad which has anywhere from 60 to 90% of the tablet market which could grow from 29 million in 2012 to a couple hundred million by 2015.
    The book value value in the article doesn't factor in cash which it could use to takeover many of its smaller competitors. There's also a lot of intangibles which give value to the company that don't really show up on the balance sheet (itunes, icloud) nokia, motorola don't have them. However Apple should be spending a lot more on research and development than it does (less than double Research in Motion).
    Jan 5, 2012. 10:22 AM | Likes Like |Link to Comment
More on AAPL by Seraphim Blentzas