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More on Apple: iPhone ASPs jump, cash balance at $159B

  • In further evidence iPhone 5S sales have soundly outpaced 5C sales (previous), Apple's (AAPL) iPhone ASP rose to $637 in FQ1 from $577 in FQ4 and $582 in FQ3. That helped FQ1 results and gross margin beat estimates in spite of weaker-than-expected iPhone unit sales.
  • iPad ASP was $440, up from $439 in FQ4 and $437 in FQ3. Mac ASP, boosted by a refresh, was $1,322, up from FQ4's $1,229 and FQ3's $1,303.
  • Apple's cash/investment balance totaled $159B at the end of FQ1, up $12B Q/Q.
  • AAPL now -7.6% AH. CC underway (webcast). CFO Peter Oppenheimer mentions forex and weak iPod sales hurt FQ1 results, and that 5S sales were affected by supply constraints. He adds iPad inventories rose Q/Q, but are within Apple's target range.
  • CC live blogs: I, II
  • More on Apple's earnings
Comments (82)
  • name999
    , contributor
    Comments (152) | Send Message
     
    The result shows clearly that APPLE needs to 1) release a bigger iPhone ; 2) introduce new category and 3) give investors some ideas on using the 159B cash.
    27 Jan, 05:24 PM Reply Like
  • FAT BANKER
    , contributor
    Comments (908) | Send Message
     
    Yes that's right, just do everything Wall Street says and thinks.

     

    NO THANKS

     

    When ever has Wall Street's advice ever been of any use or truly helpful to Apple?!
    I will entrust Apple's Board , it's brilliant Technologists and Designers thanks!
    27 Jan, 06:29 PM Reply Like
  • milehr
    , contributor
    Comments (493) | Send Message
     
    No, the result does not show that.
    27 Jan, 06:34 PM Reply Like
  • genomegk
    , contributor
    Comments (490) | Send Message
     
    12 Billion more in the bank and 5B worth fewer shares outstanding.
    More balanced revenue stream selling more tablets and Macs than forcast even as supply constraints limited the ability to meet demand for phones to a mere 51 million.
    Margins steady and revenues beat by 130M.

     

    Appl is doomed
    27 Jan, 06:52 PM Reply Like
  • teller12
    , contributor
    Comments (587) | Send Message
     
    Well, my AAPL position is getting ready to lose me another 2k on the open. Now all the apple shills are saying, but not before I invested, it'll be whenever they get a new product line and some time after the pullback. O goodie, I get to ride 'er down 20% and spend three years breaking even. Index funds (and bonds and UUP) here I come.
    27 Jan, 07:00 PM Reply Like
  • wigit5
    , contributor
    Comments (4063) | Send Message
     
    yeah I made about 2200 on calls a few months ago probably gonna lose 2500 on these ones that expire in Feb
    27 Jan, 07:19 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    you can't win with options. It's their game.
    27 Jan, 07:27 PM Reply Like
  • criticalbear
    , contributor
    Comments (81) | Send Message
     
    lol stop talking guys. you're killing your investors
    27 Jan, 05:28 PM Reply Like
  • doc47
    , contributor
    Comments (1057) | Send Message
     
    I agree, at least to the extent that they stop talking/hinting in riddles with opaque statements and vague rumors about China and various new products at these conferences and meetings. All these do is motivate the business media to speculate on "new products details (some imagined, some real) and ramp up earnings expectations. Be clear or zip it!
    27 Jan, 06:15 PM Reply Like
  • Yesterdays_news
    , contributor
    Comments (1328) | Send Message
     
    Actually it is the bias analysts that own Google and hate Apple. Once again the whisper numbers were set way out-of-reach for Apple! Happens EVERY report!

     

    Watch, they will give Google a pass on any low numbers.
    27 Jan, 06:27 PM Reply Like
  • scott trader
    , contributor
    Comments (4793) | Send Message
     
    Sold some shares pre earnings might just buy back in morning
    27 Jan, 05:32 PM Reply Like
  • scott trader
    , contributor
    Comments (4793) | Send Message
     
    Am buying back 100 shares I sold pre earnings....gives me. A free ten shares ....not a huge amount compared to what I hold but a nice gift....long aapl Disney twitter tsla Facebook rlealD IMAX and lulu.
    29 Jan, 05:52 PM Reply Like
  • Doyle3000
    , contributor
    Comments (1320) | Send Message
     
    Please start retiring more shares Peter and Tim. If you make $14.50 per share and the stock tanks, you just aren't getting the respect your company deserves. Reduce shares continually, all year, until you start getting the respect.
    27 Jan, 05:34 PM Reply Like
  • Sammy Lee
    , contributor
    Comments (302) | Send Message
     
    As an Apple shareholder, I'm absolutely stunned by how lackluster this quarter was when expectations were for a complete blowout of all numbers. Two things standout:

     

    1.) Tim Cook is one of the worst CEOs in recent corporate history...there's no question that he and his team have managed to destroy value with one of the greatest companies in the world. If I'm in charge, he's fired.

     

    2.) The Icahn buyback plan makes more sense than ever. This market will never give Apple a fair value. The only way for a shareholder to reap some gains is for Apple to create that value themselves financially with a larger buyback that utilizes their gigantic cash pile just sitting there doing nothing. If the proxy vote doesn't go through, I'm voting with my feet and selling my entire stake. There's absolutely no reason for a shareholder to go through so much psychological discomfort and not get anything in return except volatility in the form of dead money.
    27 Jan, 05:48 PM Reply Like
  • Jack Baker
    , contributor
    Comments (894) | Send Message
     
    Sammy,

     

    You have to understand that as company of Apples size cannot plan their business based on consensus estimates of some Wall Street guys doing models in high rises. That said, I am really pissed that the 5s was supply constrained. Cook was supposed to be a supply chain genius. I can't believe they can't correctly manage supply this late in the iphone product cycle. What that tells me is that they only made sure that they could produce 10% more than they did for the same quarter YOY. That is pure incompetence in my view.
    27 Jan, 05:55 PM Reply Like
  • vbbv
    , contributor
    Comments (79) | Send Message
     
    If 5S was supply constrained why is guidance for next quarter so low? Something is fishy here.

     

    AND a significant chunk of the 160B needs to be spent with a gigantic buyback and increased dividend.

     

    I think Apple & co have forgotten that they are stewards of the company for the shareholders, they don't own the company.
    27 Jan, 06:05 PM Reply Like
  • Randal James
    , contributor
    Comments (2642) | Send Message
     
    vbbv

     

    You may also have been reading about Apple developing sapphire screens which will break and be otherwise damaged far less than previous models. That, more than fingerprint reading, will be a catalyst that might make people wait before buying a new device. That will postpone sales as people wait for the newer model.

     

    Further, in most of N. America and Europe - the developed economies - our telcos sell phones on contract for 2 years, so in any given quarter only about 12.5% of contracts are expiring. The share of those switching to Apple has flatlined, so what you'll have is a small amount of Apple to Android and back again, but mostly simply upgrading to a newer version of what they already have.

     

    This quarter was the big push for Asia. Most everyone that could afford one, bought one.

     

    Finally, it disturbs me that you and others are hitting a rough patch and suddenly want the company run so it maximizes your return with little concern over what damage that might do to Apple overall. Icahn doesn't give a crap about Apple's future, he just wants a quick reward and - possible\y - so do you.

     

    If you dislike the management, you may, of course, join with some type of shareholder effort to replace the BOD and top management. Good luck.
    27 Jan, 06:27 PM Reply Like
  • Yesterdays_news
    , contributor
    Comments (1328) | Send Message
     
    3.) Sell your stock and quit whining.
    27 Jan, 06:29 PM Reply Like
  • Sammy Lee
    , contributor
    Comments (302) | Send Message
     
    Really? What the hell is a supply chain genius? Didn't know such things existed. And what does it say about a company going from a hippie potsmoking visionary genius who created entire product categories with artful mastery to a pencil pushing MBA possessing "supply chain genius?" I'd be happy to have even Jony Ive in there running things. What AAPL needs is a master capital allocator, not a supply chain expert.
    27 Jan, 06:31 PM Reply Like
  • Sammy Lee
    , contributor
    Comments (302) | Send Message
     
    Randall James, as an outside passive minority investor, why wouldn't an investor in AAPL not care most about his or her returns whether it's quick or not?
    27 Jan, 06:37 PM Reply Like
  • Dividend Math Guy
    , contributor
    Comments (335) | Send Message
     
    >>> If the proxy vote doesn't go through, I'm voting with my feet and selling my entire stake.<<<

     

    If you're willing to sell it for a low enough price I'll be there to buy it!

     

    My basis in AAPL is around 430. I wasn't planning on buying any more but I might just have to if it dips much further.

     

    Random thought. Is there a chance that the guidance was a little weak so they could demolish it next quarter while enhancing the effect of buybacks until then?
    27 Jan, 06:37 PM Reply Like
  • FAT BANKER
    , contributor
    Comments (908) | Send Message
     
    Sammy Lee. Comment286

     

    As a long standing Share Holder and owner of many Apple products over the years , I strongly disagree with everything you say.
    With respect , you and many others view this in far to narrow a time frame.
    'Apple ' thinks strategically and, has been and is putting all the building blocks thoughtfully and very carefully together. As Steve said stop looking at your naval
    and 'imagine' the BIG PICTURE. If you think Apple is done, YOU AINT SEEN NOTHING YET !!
    I hanging on to my Share in Apple, The Company for the long haul.

     

    Sent from an iPad Air
    27 Jan, 06:48 PM Reply Like
  • Sammy Lee
    , contributor
    Comments (302) | Send Message
     
    Effect of buybacks? Excerpt from THE OUTSIDERS by William Thorndike Jr.:
    "Fundamentally, there are two basic approaches to buying back stock. In the most common contemporary approach, a company authorizes an amount of capital (usually a relatively small percentage of the excess cash on its balance sheet) for the repurchase of shares and then gradually over a period of quarters (or sometimes years) buys in stock on the open market. THIS APPROACH IS CAREFUL, CONSERVATIVE, AND, NOT COINCIDENTALLY, UNLIKELY TO HAVE ANY MEANINGFUL IMPACT ON LONG-TERM SHARE VALUES. Let's call this cautious, methodical approach the 'straw.'
    The other approach, the one favored by the CEOs in this book and pioneered by [Henry] Singleton, is quite a bit bolder. This approach features less frequent and much larger repurchases timed to coincide with low stock prices - typically made within very short periods of time, often via tender offers, and occasionally funded with debt...'suction hose.'"
    Henry Singleton's performance from '62 - 90' = 20.4% CAGR
    Comparables = 11.6%
    S&P 500 = 8.0%
    27 Jan, 06:55 PM Reply Like
  • Sammy Lee
    , contributor
    Comments (302) | Send Message
     
    I admire your clairvoyance with respect to earnings visibility. Not too many people have the temerity to see AAPL's BIG PICTURE 10 years out with so much imagination and excitement. Good luck to you.
    27 Jan, 06:58 PM Reply Like
  • Ninja Trader
    , contributor
    Comments (739) | Send Message
     
    DMG,

     

    I have the same random thought.
    27 Jan, 08:21 PM Reply Like
  • BLatham451
    , contributor
    Comments (5) | Send Message
     
    Tim Cook has had supplier problems around components for over a year now, and after 4 earnings reports where he's blamed supplier constraints, it's time for him to take responsibility as he should have added more suppliers. The street has begged for a larger screen on Iphones, and he has done nothing. This guy is so over his head that it's not even funny. Cash is building up for what? He's not doing anything strategic with it. What exactly is he doing here?
    27 Jan, 08:34 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    I hope they keep him on long enough for Blackberry to win back their former customers. Shouldn't be much longer now.
    27 Jan, 08:38 PM Reply Like
  • Randal James
    , contributor
    Comments (2642) | Send Message
     
    Mr. Lee

     

    As an investor, one of my worst characteristics is I rarely do more than 'date' the stocks I love and then move on to (seemingly and sometimes erroneously) greener pastures. I'm in 40% cash at the moment and feeling kinda bad abut dumping some of my ex-girlfriends, but not so much when a few are floating face down.

     

    Waiting for corporate strategies to align with your own whims is a losing proposition. My chief beef about AAPL was with their huge stash, they could readily afford to buy something great instead of dinking around with ideas in-house (and taking forever to deliver something new).

     

    I don't want to re-birth the argument over the 5C but it went right over the pocketbooks of maybe 300 million eager Chinese and Indians, perhaps half again as many more in other developing countries. What was needed was a nicely-built $300 phone. Henry Ford, who helped put dozens of other automakers out of business would tell you there is no shame in selling affordable products. Oh, well maybe next time - and please tell me in which decade you think that might fall.

     

    So Apple isn't in my stable even though I think they have the wherewithal to erase this languishing period and move on. I see absolutely no clear signal they have begun those moves. To me, missing the huge Asian/Indian opportunity and failing on "new" would have been the time, as Kenny Rogers would say "to walk away."

     

    I don't have the time or the interest to see if Icahn can get seats on the board, force more buybacks, raise dividends. All I see right now is lots of cash but no mojo. Could I be wrong? Of course, we're all in that camp a bit too often. But I'm confident that nothing much will happen between now and the next product launch that will meaningfully improve ANYTHING here.

     

    I'll try to give you an analogy. I grew up in Colorado, which has plenty of first-rate ski areas. Aspen and Vail are probably the best-known, Breckenridge is the largest, but there are a handful of other top-shelf names. In most years, snow is plentiful and the best areas often do great. But sometimes the weather patterns are just off and the best skiing is North to Steamboat Springs or down South to Purgatory.

     

    I believe it is better to go skiing where the snow is good rather than sit in the muddy parking lot and wish that the management at Vail had put in more snow-making machines or at least offered free beer.
    28 Jan, 12:44 AM Reply Like
  • aardvark3
    , contributor
    Comments (438) | Send Message
     
    I'll be buying in the morning!
    27 Jan, 05:37 PM Reply Like
  • ks_droid
    , contributor
    Comments (129) | Send Message
     
    iPod sales hurt FQ1 results is hilarious
    27 Jan, 05:38 PM Reply Like
  • shakazoid
    , contributor
    Comments (162) | Send Message
     
    Just heard AAPL is coming out with an ifool. about time.
    27 Jan, 05:41 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    The writing is on the wall: $AAPL is the next $BBRY and $BBRY is the next $AAPL
    27 Jan, 05:45 PM Reply Like
  • scott trader
    , contributor
    Comments (4793) | Send Message
     
    Yep lyogi aapl just sold more iPhones than ever beating their own record ...how many did one dead trick pony chinaberry sell......
    27 Jan, 05:48 PM Reply Like
  • AnimEva
    , contributor
    Comments (16) | Send Message
     
    ok that was the joke of the day
    27 Jan, 05:48 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    it's not about the phones anymore, it's about software and BBRY has AAPL beat to the punch by a country mile and in time this will become more and more apparent.
    27 Jan, 06:02 PM Reply Like
  • Yesterdays_news
    , contributor
    Comments (1328) | Send Message
     
    LOL - Back to the future with your phone!
    27 Jan, 06:31 PM Reply Like
  • mphill47
    , contributor
    Comments (532) | Send Message
     
    Suckers will buy tomorrow. Apple is broken and Cook will not save it. Off with his head !!
    27 Jan, 05:51 PM Reply Like
  • scott trader
    , contributor
    Comments (4793) | Send Message
     
    Patently apple reports.....
    On Friday we reported that Apple's new iPhones hit Samsung's Q4 Badly. On January 07, Businessweek estimated that Samsung had shipped 13 million units of their Galaxy S4 for Q4. Yet when the real numbers came in days later, Bloomberg reported that it was actually much, much worse at a measly 9 million units, down from selling 17 million in Q3. Today, Apple announced a record-breaking 51 million iPhones were sold in the holiday Quarter which clearly demonstrates that the new iPhone 5S was a smash hit this holiday season with consumers over rival products from Samsung and others.
    27 Jan, 05:52 PM Reply Like
  • ks_droid
    , contributor
    Comments (129) | Send Message
     
    Looks like everyone got a smartphone now, what if we are about to see the end of subsidy era ?
    27 Jan, 05:55 PM Reply Like
  • Yesterdays_news
    , contributor
    Comments (1328) | Send Message
     
    "Looks like everyone got a smartphone now"

     

    Good, maybe Apple should start using them with their finger print security to process card sales $$$
    27 Jan, 06:33 PM Reply Like
  • FAT BANKER
    , contributor
    Comments (908) | Send Message
     
    Re scot trader. Comment 3881

     

    That's what I call analysis and logic - we'll beyond the capabilities of the Wallstreet Goons.
    27 Jan, 07:52 PM Reply Like
  • scott trader
    , contributor
    Comments (4793) | Send Message
     
    @ fat banker.......such a disconnect between the fundamentals and where the share price rests.........guess SJ permanently pissed Wall Street off ....would be interesting to see what kind of devices these goons and their families spend most of their time on.....
    27 Jan, 09:17 PM Reply Like
  • Warren Buffet007
    , contributor
    Comments (953) | Send Message
     
    Looks that Icahn is out of the boot!.And goes on short good job!.
    He don't care about Apple ore ebay, the important is the cash!.
    27 Jan, 05:54 PM Reply Like
  • Atkins
    , contributor
    Comments (1041) | Send Message
     
    Uninspiring cc did not instill confidence in the company. Unexciting guidance for Q2 was surprising. I would think they could beat that guidance, but I'm not sure in light of the company's performance over the past two years.

     

    I almost feel bad for Munster -- the desperation in his question about new products was palpable and awkward. The tone of voice of many of the questioners reflected the street's disappointment with Apple's quarter, and clearly, they do not believe in management's ability to position the company effectively.
    On a more positive note, this report probably will propel Google and Amazon higher this week when they announce their numbers, which will likely be much better. Amazon, in particular, will likely shock with its positive news. We know the street could care less about anything but growth, so growth it is. 
    27 Jan, 06:06 PM Reply Like
  • Alpozin
    , contributor
    Comments (17) | Send Message
     
    cheap Android and Windows smartphones are killing the apple revenue. despite 51MM iPhone sale, revenue is flat. no brainer that tim lowered the guidance for the next quarter given the record iphone sale.
    27 Jan, 06:13 PM Reply Like
  • omarbradley
    , contributor
    Comments (966) | Send Message
     
    "cheap" is a relative term.
    Apple has the tallest order of them all: to make a premium product WITH premium pricing in the world of electronics.

     

    One look at Sony shows how hard this is to do.

     

    Hardware is only part of the equation.
    A big part...but only part.
    "User experience" is a hard thing to identify from just an engineering point of view.

     

    Not that great engineering isn't absolutely critical.

     

    Unless Wall Street has views on product I would slap an avoid on the advice.
    Kids are the key...that's gaming...not television.

     

    Take a hard look at Nintendo and Super Mario Brothers if you want to start pushing product.
    That company is on sale btw.
    27 Jan, 06:36 PM Reply Like
  • Yesterdays_news
    , contributor
    Comments (1328) | Send Message
     
    "revenue is flat" WTF?

     

    Last I heard, their revenue is WAY up from the last 4th quarter report. It is these insane whisper numbers they are not leaping over! And who is creating these? The Google owning analysts!

     

    Get your brooms out, I call shenanigans against these analysts!
    27 Jan, 06:38 PM Reply Like
  • techy46
    , contributor
    Comments (6053) | Send Message
     
    Tablet and smart phones are becoming commodities and the ASP and GM are going down fast! There's not reason a mobile device with a $40 chip inside and a touch screen should cost more then $300-400 with 30-40% gross margins. A full size notebook with 64-128Gb SSD, touch screen and keyboard should cost $600-800. Welcome to the mobile PC wars.
    27 Jan, 06:39 PM Reply Like
  • calikym
    , contributor
    Comments (226) | Send Message
     
    Not sure why this company is getting hammered after hours. Apple met or exceeded all expectations. Apple has saturated the top demographic commerce market including over 90% of Fortune 500 companies (these are the people that have money). 69% market share in Japan. Apple just signed a deal with China Mobile - largest provider in the world with 3/4 of 1Billion customers and is expanding 4G service from 16 cities to 300 cities by end of year (4,000 new base stations). Apple couldn't meet demand for the 5S or the mini. Apple made Significant investments in R&D. I'm long Apple big time. Look at the demographics of the customer base. Apple beat guidance across the board. Also, Apple WILL innovate and do it right unlike the competition! Hello smart watches, larger phones, iBeacon... I didn't hear anything negative on that call besides the loaded questions. It was actually funny just listening to the Wall Street goons. Lol
    27 Jan, 06:49 PM Reply Like
  • FAT BANKER
    , contributor
    Comments (908) | Send Message
     
    Wall Street Goons, say it all !
    It is good however that you give empirical evidence that is glazed over or simply ignored by these Goons.
    27 Jan, 07:18 PM Reply Like
  • boisterousbob
    , contributor
    Comments (266) | Send Message
     
    Perhaps 2Q14 revenue guided essentially flat to 2Q13 is key.
    No new blockbuster product in Q2 or revs couldn't be flat
    Existing products not as powerful as we would like or revs couldn't be flat
    Might be the best ecosystem in the world, but then riddle me this, how can revs be guided flat.
    This one number should focus the bulls mind
    If it's all so wonderful HOW can they guide revs flat?
    Love to be unrattled by someone who can talk about the company making more money, because as an investor surely nothing else matters.
    27 Jan, 07:51 PM Reply Like
  • f16flyer1983
    , contributor
    Comments (152) | Send Message
     
    If your an investor then this after hours sell off will not phase you and you will recognize this as a typical dysfunctional Apple con call.

     

    If you are a quick buck speculator then you better sell now and stick to Chipotle and Netflix with those astronomical P/E ratios.

     

    History shows that we can expect it to drop another 15% over the next 4 weeks then buy back in and ride it to $600.

     

    I hate chart art but with Apple it follows trend.
    27 Jan, 06:51 PM Reply Like
  • Atkins
    , contributor
    Comments (1041) | Send Message
     
    There's truth to your comments, flyer. However, the market has clearly rewarded investors in Chipotle and Netflix over the past 2 years much more than investors in Apple. Apple traditionally head-fakes lower post-conf calls, so it will likely be a bit less-disastrous on Tuesday morning, but it's dead weight until new products are announced. My largest holding is Apple, so I am certainly a long-term Apple bull, but I'm not bullish on the stock for anyone with a time horizon of under a year or two.
    27 Jan, 07:10 PM Reply Like
  • jjkiam
    , contributor
    Comments (376) | Send Message
     
    Yes to your comment! I have given up my belief that Apple will ever approach 700 again. Now am hoping to recover to 550 and get out for good! No increased guidance for CHL q2 which only means that he beats are right and the upper end of the smartphone market is saturated! TC keeps the history of opening his mouth and then seeing the stock go down intact. Tomorrow we will see the stock below 500, maybe 470! And we still keep hearing about how many new innovations are in the pipeline! I am tired of a company that can't figure out how to control it's stock!!!
    27 Jan, 07:42 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    If you want great management, go to $BBRY. There's no Icahn or Loeb. Take your pick: Icahn and $AAPL, Loeb and $SNE, or Prem and $BBRY?
    27 Jan, 07:28 PM Reply Like
  • boisterousbob
    , contributor
    Comments (266) | Send Message
     
    Lyogi
    I think a key point to consider is that no-one has to invest in any of these stocks.
    27 Jan, 07:43 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    That's true however there is a good risk/reward here given the expected explosion of the world's mobile market and the uncertainty of the outcome on who will be successful and command the eyes and ears of the world's marketplace.

     

    I'm betting $BBRY has the superior technology to become the superior player and that $AAPL's best technological days are past their peak and in decline.

     

    We shall see.
    27 Jan, 07:47 PM Reply Like
  • boisterousbob
    , contributor
    Comments (266) | Send Message
     
    Agreed, and I may be peculiar but I don't care if it's better or worse than BBRY, i just want to make some money.
    27 Jan, 08:00 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    so what is your play?
    27 Jan, 08:05 PM Reply Like
  • boisterousbob
    , contributor
    Comments (266) | Send Message
     
    Evaluating. Can still leave with a profit.
    27 Jan, 09:33 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    $BBRY is the growth story here. Good luck whatever you decide.
    27 Jan, 09:37 PM Reply Like
  • calikym
    , contributor
    Comments (226) | Send Message
     
    @FAT BANKER - please refer to published numbers for empirical evidence, and track record for innovations. Thanks.
    27 Jan, 07:35 PM Reply Like
  • d8adm88
    , contributor
    Comments (2) | Send Message
     
    increase the buyback on this dip! what an opportunity to use 159B cash.
    27 Jan, 08:09 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    that is what any confident company would do. I don't think they are confident enough in their future earning power to do that. That's why Ichan is on the scene- to direct how the mountain of cash should be divided up to shareholders and call it a day.;)
    27 Jan, 08:12 PM Reply Like
  • jjkiam
    , contributor
    Comments (376) | Send Message
     
    I will definitely be voting with Mr Icahn! Any retail investor who doesn't is doing themselves a big injustice. Do you think that TC didn't know how this latest report would play out? He knew what the reaction would be and allowed it to happen! He could have offset the lowered q2 guidance by increasing the buyback but chose not to. I am sick of the tease and inferences to possible areas of growth for a company that sees it's cash equivalents grow and then let's it's stock collapse!
    As a shareholder I demand that the company return the excess capital to it's shareholders in a more meaningful and immediate manner!! Enoughs enough!!!
    TC is responsible to all of his shareholders and it seems to me that Carl Icahn is the only one demanding that he act in OUR best interests
    27 Jan, 08:32 PM Reply Like
  • scott trader
    , contributor
    Comments (4793) | Send Message
     
    Lyogi aapl could have bought Bbry three times over with what they lost in market cap today.....your beloved stock could be put on a dusty shelf....
    27 Jan, 09:19 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    I know and that's the irony of it. Their pride is going to cost them so much more than what Blackberry would cost.($25). It is a myth that BB was ever for sale for $9.
    27 Jan, 09:30 PM Reply Like
  • wigit5
    , contributor
    Comments (4063) | Send Message
     
    then why were there no buyers at 9$?
    27 Jan, 09:38 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    because the business was still erroneously viewed as a hardware company in mobile devices and now that albatross has been shed and the real value of BB's IP is being understood (MDM, security, QNX, patents such as speakers and antenna).

     

    read the Citron report for more detail.
    27 Jan, 09:42 PM Reply Like
  • wigit5
    , contributor
    Comments (4063) | Send Message
     
    LYogi, I've looked at BB so many times I think it's worth 13$ maybe I doubt it gets that much though unless it reinvents itself.
    27 Jan, 09:43 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    Here's one way to look at it:

     

    AirWalk has 10,000 enterprise clients. It was just bought out for 1.5B last week.

     

    BB has 80,000 enterprise clients and has a much better rating on Google Play.

     

    now add in value for Real Estate, BBM, QNX and patents.
    27 Jan, 09:48 PM Reply Like
  • BLatham451
    , contributor
    Comments (5) | Send Message
     
    Tim Cook needs to go! Plain and simple, he obviously can't make a decision. The market has begged for a larger phone, and he's simply sat around and kept the screen the same while Samsung has eaten Apple's lunch. Apple has had supplier issues in the past, and he should have addressed the supplier constraints over the past 12 months and didn't. Just what is Tim Cook doing other than dressing like Steve Jobs to discuss the earnings report. He is a weak link, and as long as he's there, this stock is going nowhere.
    27 Jan, 08:37 PM Reply Like
  • robert33
    , contributor
    Comment (1) | Send Message
     
    I am buying more tomorrow as well.
    27 Jan, 08:37 PM Reply Like
  • mlpkg
    , contributor
    Comments (3) | Send Message
     
    So,despite beating estimates and earning more than any company in history.
    Wall Street says still not good enough, and the stock tanks.
    As an investor i for the life of me cannot understand the thinking of anyone selling
    the stock.
    My suggestion is all u guys take your money and buy Google or Amazon who cant make money but sells a lot of stuff!
    My next book is Wall Street for Dummies!
    Am going to get a stiff drink now!
    27 Jan, 08:38 PM Reply Like
  • mgk47
    , contributor
    Comments (17) | Send Message
     
    159 billion in cash! They could buy half of Europe and pass a law everyone can only buy Apple products. Seriously, how can you bash a company with 159 billion in cash? Are they really doing something wrong? Wish all my stocks could do something that wrong.
    27 Jan, 09:16 PM Reply Like
  • LYogi
    , contributor
    Comments (2162) | Send Message
     
    they have done phenomenally well but this is probably 'peak profit' and so people are turning elsewhere for a growth story.
    27 Jan, 09:19 PM Reply Like
  • fendermon
    , contributor
    Comments (465) | Send Message
     
    @mgk47....Agreed

     

    If AAPL keeps it up they would be able to buy MSFT (market cap 300bill) at some point. Of course they wouldn't be allowed to, but just saying...The only thing holding down the stock is the wimpy dividend. Jack it up to 5% and watch naysayers come flocking.
    28 Jan, 01:51 AM Reply Like
  • Matthew Davis
    , contributor
    Comments (3824) | Send Message
     
    5C is an epic fail just as I said it would be.
    27 Jan, 09:20 PM Reply Like
  • boisterousbob
    , contributor
    Comments (266) | Send Message
     
    Revenue forecast. Q214 versus Q213. Zero growth. Is it unrealistic expectation to expect growth from a powerhouse company investing billions in new product.

     

    Icahn surely has a point. It's our money. If they can't spend it then give it back.
    27 Jan, 09:33 PM Reply Like
  • kimboslice
    , contributor
    Comments (1494) | Send Message
     
    It's the economy stupid.
    Apple is selling luxury electonics. The worldwide economy has been crummy for a while and not improving soon.
    So, Apple can just chug along selling to the people who have the money to spend, which isn't everyone.
    Selling as many products as they do, I'm pleased as an Apple shareholder. I am patient, just keep those free shares (from dividends) coming baby.
    28 Jan, 01:33 AM Reply Like
  • dmarilley
    , contributor
    Comments (608) | Send Message
     
    Think of the margins going over Niagra Falls. Now imagine an apple 400 yards before the falls. That is the picture.
    28 Jan, 04:02 AM Reply Like
  • Johnwoods41
    , contributor
    Comments (123) | Send Message
     
    This company needs to stop making money.... Don't you see apple this is the problem you need to be more Amazon like, just grow the revenues, give the phones away at cost if you have to.... Lol
    28 Jan, 08:10 AM Reply Like
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