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Gene Munster thinks Qualcomm (QCOM -6.6%) and TSMC's (TSM) 28nm chip supply issues suggest Apple...

Gene Munster thinks Qualcomm (QCOM -6.6%) and TSMC's (TSM) 28nm chip supply issues suggest Apple (AAPL -3.4%) will introduce its next iPhone in October, given the device is expected to feature a 28nm Qualcomm modem and A6 chip. Qualcomm's chip guidance could be contributing to today's selloff in Apple (along with Canaccord's note and Verizon's iPhone data), though its worth noting the iPhone 4S and new iPad don't use 28nm parts.
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Comments (23)
  • bailinnumberguy
    , contributor
    Comments (1097) | Send Message
     
    So QCom can't produce enough of the 28nm chips that AAPL doesn't yet use and that's causing the AAPL sell-off. Makes perfect sense to me.
    19 Apr 2012, 04:27 PM Reply Like
  • tikigod18
    , contributor
    Comments (898) | Send Message
     
    Don't forget tomorrow options expire. Someone started a rumor, heard on all financial channels, that AAPL might miss earnings. That's all it took, and you can bet a lot of stops were taken out today.

     

    AAPL is such a widely held stock that once even a few major holders want to lighten their positions, the door gets very small and tight.

     

    We'll see who is right.
    19 Apr 2012, 04:45 PM Reply Like
  • KillerSgt
    , contributor
    Comments (241) | Send Message
     
    I'm with you bailin, another ridiculous attempt to explain why the price went down today. where do people come up with these ridiculous associations??
    it's OpEx for cryin out loud!!!
    19 Apr 2012, 04:54 PM Reply Like
  • bailinnumberguy
    , contributor
    Comments (1097) | Send Message
     
    Anyone who argues that the stock market is efficient and that stock prices reflect all available information at any point in time obviously has never paid much attention to the stock market. AAPL's been on a roller coaster ride over the last few weeks largely fueled by the conjecture of analysts who are never remotely close to forecasting the company's earnings in the first place. The more accurate statement about the stock market is that it's the most overreactive, emotion driven institution in the world. If AAPL posts blow-out earnings next week, the same dopes who've been selling this week will be buying next week at 10% higher prices.
    19 Apr 2012, 04:55 PM Reply Like
  • bailinnumberguy
    , contributor
    Comments (1097) | Send Message
     
    Good deal, Sarge. We always seem to be in agreement :)
    19 Apr 2012, 04:58 PM Reply Like
  • premalshah
    , contributor
    Comments (14) | Send Message
     
    I love it when people try to reason the a major price movement after the fact.
    19 Apr 2012, 07:09 PM Reply Like
  • rubicon59
    , contributor
    Comments (1388) | Send Message
     
    Apparently the stock market does not discount stupidity.
    19 Apr 2012, 05:09 PM Reply Like
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    No, you have to pay extra for that.
    19 Apr 2012, 08:55 PM Reply Like
  • Sid S
    , contributor
    Comments (26) | Send Message
     
    This is not stupidity it is MANIPULATION of the stock or new call " VOLATILITY.
    19 Apr 2012, 05:28 PM Reply Like
  • Skippy09
    , contributor
    Comments (1603) | Send Message
     
    You know those guys, even if Apple beats, the losers who never got in will say they didn't beat by enough.
    19 Apr 2012, 05:28 PM Reply Like
  • Twolfe
    , contributor
    Comments (60) | Send Message
     
    I can see - though I don't want to as I own Apple and do not plan to sell regardless of what happens in the near term - the caution given Qcom's announcement. Given what they said, no one knows when a sufficient supply will be available, in time for ramp-up? On September 1? Maybe a further delay pushing back the 5? All of this conjecture produces uncertainty and if there is any one truism in the stock market it is this: markets do not respond well to uncertainty. Apple will have to address this issue next Tuesday but any answer short of virtually guaranteeing additional suppliers of the 28 will be met with skepticism. Remember, bloggers, journalist, etc., have a hard time surviving without negativity.
    19 Apr 2012, 05:33 PM Reply Like
  • dab3z
    , contributor
    Comments (312) | Send Message
     
    Down days = buying opportunities. Global growth will trump whatever decline in iPhone sales the US experiences. I'm not worried over the long term.
    19 Apr 2012, 05:35 PM Reply Like
  • Bianca
    , contributor
    Comment (1) | Send Message
     
    bailinnumberguy and rubicon 59;

     

    You are so right!!!
    Thank you
    19 Apr 2012, 07:05 PM Reply Like
  • Outsider22
    , contributor
    Comments (1169) | Send Message
     
    If you are long why do you care about micro daily movements in a stock.

     

    If the fundamentals change long term then you can make a decision but long term investors need to stop watching the ticker 24/7 since it makes zero sense to do so and will only cloud your judgement.

     

    Did you buy AAPL for a quick gain or did you buy it because you believe in the Company, its power to make profits and have sustained growth?
    19 Apr 2012, 10:08 PM Reply Like
  • Outsider22
    , contributor
    Comments (1169) | Send Message
     
    Hey, if you hate seeing it go down. Open up an options trading acount put $1K in it and buy puts when the volatility is at its highest point (near earnings). 100% protection of your shares and you sleep at night knowing you can not lose period.
    19 Apr 2012, 10:08 PM Reply Like
  • bailinnumberguy
    , contributor
    Comments (1097) | Send Message
     
    Good thought except that next week's puts close to the current share price will cost you approximately a tidy 4% of share value.
    19 Apr 2012, 10:37 PM Reply Like
  • option man
    , contributor
    Comments (59) | Send Message
     
    I concur the put buy, but do it BEFORE earnigns approaches and volatility goes up. You will pay more for the puts near earnings.

     

    Instead, however, I sell puts when the stock price is low. I always prefer to be on the sell side of the trade if I can with options.
    20 Apr 2012, 02:16 AM Reply Like
  • Outsider22
    , contributor
    Comments (1169) | Send Message
     
    Yep, its the price to pay to protect a large value asset ;)
    20 Apr 2012, 06:56 AM Reply Like
  • Outsider22
    , contributor
    Comments (1169) | Send Message
     
    Selling puts is fine if the account holds enough $$. My point above was a simple one for those who get caught up in the emotion of the very, very short term stock price swings.

     

    If they can not turn it all off and ignore it they should play it and make $$$. As I watched the decline yesterday, I watched a $500 PUT purchase go to $5K. That was pure gambling but its better then watching a price KNOWINGLY drop and doing nothing.

     

    Anyone that didn't think the price would drop yesterday considering the QCOM news was crazy, people jump to conclusions daily (most times wrong ones), they live in fear. Fear drives them....I make money off of everyone's fear!!
    20 Apr 2012, 09:04 AM Reply Like
  • tunaman4u2
    , contributor
    Comments (3075) | Send Message
     
    Iphone 5 with bigger screen & 4g?
    Smaller Ipad?

     

    Those products would be VERY similar so I can't imagine they do both.
    19 Apr 2012, 10:29 PM Reply Like
  • option man
    , contributor
    Comments (59) | Send Message
     
    There are times I think someone "grab's onto something" to describe a stock surge or fall.

     

    There are also times when I would have been more impressed if the journalist simply said, "The day was sunny and warm, so Apple soared..... or, it's raining, thus Apple fell 2% today."

     

    These ridiculous attempts to describe volatility mean nothing. The company is the same company as two weeks ago when they hit $644 and CNBC said they were worth every penny of that price. Now, everyone is second guessing? Analysts have target prices of $700-$1000. This is nonsense and market manipulation and it is effecting the every day Joe like me.
    20 Apr 2012, 02:16 AM Reply Like
  • Outsider22
    , contributor
    Comments (1169) | Send Message
     
    option man....so true.

     

    QCOM comes out with a great Earnings report, guides the next quarter to say we have to expand/spend $$$ for different chips and people make horrible conclusions.

     

    CNBC is a joke daily. One day its Europe is in serious trouble...next day problems solved in Europe...next day Europe in Serious trouble.

     

    Constantly playing on the fear of people to drive ratings. Do you notice how they are downplaying the fact that 99% of all earnings report beat the estimates? We are noticing a corporate cash hoarding and no one cares....the profits being made and not put back to work is insane IMO. All CNBC and everyone else does is try and find the bad egg in the batch instead of noticing 11 out of 12 are amazing eggs.

     

    btw, Im okay with short term pullbacks even 15% ones but the commentary is useless.
    20 Apr 2012, 09:40 AM Reply Like
  • scott trader
    , contributor
    Comments (4906) | Send Message
     
    bad news travels fast..........
    20 Apr 2012, 11:12 AM Reply Like
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