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More on Apple: It looks as if the iPad Mini, premium pricing and all, is off to a decent start:...
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Friday, October 26, 2012, 1:06 PM ETMore on Apple: It looks as if the iPad Mini, premium pricing and all, is off to a decent start: the white model sold out hours after pre-orders commenced, and shipping times now stand at 2 weeks. The black model is still available. Digitimes recently claimed the Mini's relatively high pricing was due to low yields for its cutting-edge GF2 touchscreen tech (previous). If that rumor is accurate (a big if), it could mean a price cut will arrive once yields improve and costs fall.
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Yet, the emperor who wears no clothes can lose money, miss "earnings" by a mile and they fall over each other praising the company. For amzn, I guess its all about "eyeballs" still, not hard cash. If that fool Bernie had invested the funds in the "legal ponzi" scheme known as amazon he would be a free man.
I had a slight OTM put that was in the black but didn't sell it yesterday, so expiring worthless. Shoulda coulda woulda. Tried for another seconds before close today but either some shorts were holding on to the last minute hoping against hope, or someone didn't want to miss a weekend move, and it popped out of reach and time ran out.
13.5 P/E is a gift, over $100 per share in cash, and growing fast.
http://seekingalpha.co...
AAPL is not immune from an overall market correction. Headwinds in Europe remain, and there is a great deal of uncertainty over the fiscal cliff in the U.S. We have yet to have a true overall market correction yet this year.
I'm not saying you are wrong because I'm not arrogant enough to think I know any better then you do (even though I think that last sentence in your post is ridiculous). However, Apple is the single cheapest stock I've ever owned that continues to grow at a double-digit pace. Think about this, what other company trades at 9x ex-cash and has a product line like AAPL? What is Amazon trading at now? Therefore, I'll hold my Apple shares, add more if they become cheaper and wait for the January 2013 reporting period.
Samsung is a good company and I enjoy many of their products. However, until I see stories on TV about people standing in line waiting to buy a Samsung phone or tablet, I'll continue to sleep well at night and wait for the Christmas buying season to commence.
Just my .02
The data access via 4G LTE is stunningly fast. This is no gentle upgrade. In my home on the Upper West Side of Manhattan, I tested both my AT&T iPhone 4S and the AT&T iPhone 5 at the same time. The iPhone 4S averaged a 2.4Mbps download speeds over "4G," whereas the iPhone 5 averaged 20.31Mbps. In comparison, my home wireless Internet via Time Warner averaged 9.02Mbps at the hour I tested (1:30 a.m.).
http://vrge.co/VRNx22
Quite an impressive launch in Manhattan for the Surface RT. Lines and crowds. Of course we know from Apple events and news coverage that this is just a PR opportunity, and people like standing in line.
Speaking of which, the latest Samsung ads about people standing in line are getting quite a bit of chatter. Even people I know with iPhones think they are funny and well done. Of course it depends upon public perception and trends whether or not Samsung continues to grow Galaxy S III sales volumes.
Samsung sold infinately more Galaxy phones than Apple, since Apple sold no Galaxies at all.... so you're already way off.... lol
To be serious, it makes little sense to compare this quarter's sales, when there is only a week's worth of a supply constrained iP5....You are really reaching there to either dog Apple or to promote Samsung....such a mistake like that could not be unintentional.... unless I give you no credit whatsoever as far as your thinking ability.
"Tablet has lower margin than Phone. The bright time for Apple is Over!"
Yep, with iPad margins that has always been so, you think that the iPad product was a huge blunder for Apple, which will lead to its demise? Sounds like snap-judgment with little substance....
With such a massive product refresh, the overall profit margins will be less than usual.....that has little impact over the long run.
My stocks may be getting hammered but at least we are getting cool new gadgets out of Apple.
So clearly there are reporters on this beat who don't particularly follow Apple specifically. You might think the big services could arrange quality coverage of the biggest corporate story on the planet, but they don't, so maybe we know why they are disappearing daily.
So my point of this post is to observe that the people writing this coverage 1) don't trade or invest, 2) aren't particularly educated in markets and in some cases might just have general lib arts degrees, 3) are writing for an audience of mostly casual news readers or outright voyeurs, 4) make money on the impact of their phrasing rather than its accuracy, and 5) in general, could really care less about much except Miller time.
I really appreciate the community at SA, with only the occasional exceptions, and most of those have many of the same traits as these formulaic volume story writers.
I reminded him that he claimed he didn't like my 7" tablets because they didn't have enough viewable area and that the iPad at 10" was, as Steve Jobs claimed, ideal.
He said 'yeah the bigger one is nice but having the option of a smaller cheaper one is good' although I don't know how he reconciles internally the fact that he already has smaller cheaper tablets, already has a large screen tablet, and he can't use more than 1 at a time.
In any event, it reminded me just how strong the Apple reality distortion field continues to be.
Deja vu anyone ???? Every product release is followed by a slew of these comments, which are ridiculous. The "geniuses" have spewed this nonsense at $160, $220, $360, and now $600.
Notice any trend here??? Short away "geniuses", and good luck! People love the stock because it and the company perform.
We all express our opinions differently. No matter the intention, someone will take offense. My intention was not to be disrespectful. Just like most opinions posted on this site, to prove a point.
I am sure we will debate,argue or take offense again in the future. Isn't that why this site is so popular after all? Until then...
Like this. Definitely disrespectful, though it is satire.
The thing with trends is that ignoring pop culture means some people may miss a shift in trends. Fans of anything imagine a world saturated in the thing(s) they like. Trends change like the wind, or like fashion.
We are at a point were there are very subtle differences between devices, at least for the average consumer. Most consumers are not well versed in those differences, or they are uninformed of the capabilities of other choices. Style, design, and ease of use will always mean allot, especially with most people never reading an operating manual.
I don't expect Apple to slide nor plummet, unless the entire market goes into a plunge. Certainly possible to get dragged down with everything else, but that is a macro concern for almost any company. Even if Apple were to quit growing, or only grow at the pace of the segments in which they sell, they have proven they know how to be profitable. A mature company might end up range bound, but if shareholders are okay with the dividends, then not too many shareholders might sell off. I still see many expectations of $1000 a share (or more), but I think it would be wise to not expect that in the near future. Never be afraid to take profits.
Differences are starting to be less obvious, and everyone in the space will need to make bigger steps in order to differentiate themselves from the pack....
I don't consider mobile computing to be in any way a fad, though....anymore than laptops were a fad....
Expecting AAPL stock to flatten out is one possible scenario, but probably not just yet....I will wait till next earnings, then see what directions the company will go in before making a judment.