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Apple (AAPL) roundup: 1) iOS chief Scott Forstall, seen by some as Apple's future CEO, is...

Apple (AAPL) roundup: 1) iOS chief Scott Forstall, seen by some as Apple's future CEO, is drawing heat over the Maps debacle. The fact Forstall is also in charge of Siri isn't helping matters. 2) Japanese blog Macotakara claims iPad Mini production has begun at a Brazilian plant (presumably Foxconn's). 3) The EU is investigating Apple over its warranty marketing practices. 4) Piper's Gene Munster claims 16 of 20 surveyed U.S. Apple Stores were sold out of iPhone 5 units - is that due to huge demand, shortages, or both? (earlier)
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Comments (16)
  • johnycarrs
    , contributor
    Comments (96) | Send Message
     
    only 16 out of 20, that sound bad- they need to be completely sold out
    1 Oct 2012, 06:44 PM Reply Like
  • GRJ
    , contributor
    Comments (243) | Send Message
     
    Oy.. if it was 20 out of 20 sold out, it would be labeled a shortage and supply chain mismanagement.... AAPL can't win.
    1 Oct 2012, 06:53 PM Reply Like
  • nutech
    , contributor
    Comments (5) | Send Message
     
    I demand an apology from Apple for this debacle! Apple must be mismanaging if they have to apologize. If Apple would only apologize this would all go away. lol! so true GRJ.
    1 Oct 2012, 10:29 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (875) | Send Message
     
    Amen brother.

     

    This type of BS happens with every single Apple release. Just remember what happened last year at this time with the release of the 4s. Personally, I don't understand it or why people seem to buy into this "Apple is bad" talk every single iPhone release. Get a clue! Apple was trading at about $360+ last year when these smart guys started downplaying the stock and knocked it down to about $300. Now what is the share price? I'm not saying one thing leads to another, but you probably get my meaning.

     

    I've said this before on this site - someday Apple will make a product release mistake. However, anyone who believes anyone but that idiot Jim Cramer won't carry through with a iPhone 5 purchase because the stupid maps app isn't working correctly is a fool. That is spelled F-O-O-L. I know people who have been waiting years for this upgrade. They don't even use the Map app and are ecstatic about the new product. Seriously, this sh*t is the best the short sellers can come up with?

     

    I'm long Apple and have been for the last 3.5 years since I bought 500 shares at $138. Everytime some silly nonsense like this happens, I load up a few more shares and just sit back and make money. I have no plans to do anything else but that exact same thing again. While there may be investments that I worry about, Apple isn't one of them. Not yet anyway.
    2 Oct 2012, 12:43 AM Reply Like
  • andyk80
    , contributor
    Comments (53) | Send Message
     
    WisPokerGuy: This release needs to be looked at differently because they were short on 4S sales. The market is giving Apple the benefit of the doubt that Apple will be back on track with iPhone 5. Shortage or low demand is irrelevant. If they are short of these sky high expectations for any reason the run is over.
    2 Oct 2012, 01:41 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (875) | Send Message
     
    I agree somewhat and disagree somewhat. I'll explain.

     

    Last year when the 4s was released that exact same stock movement issues happened that are currently happening (with the exception of the Steve Jobs death). When earnings were reported in 10/2011 the stock got hammered because of "light" iPhone4s sales numbers in the previous quarter. Then in 01/2012 when Apple reported again, the iPhone4s sales numbers were unbelievable and the stock went from about $380 to $540.

     

    You are going to have to supply a much more detailed analysis of your "Apple doomsday scenario" before I believe that anything different will happen this time. Every report I've read in the last week seems to indicate that iPhone5 demand is incredibly high. I never expected a blowout quarter to be reported this October and I wouldn't "trade" the stock on that assumption. The real fireworks will come this January when the full force of iPhone5 (and iPad Mini?) sales will become apparent. Just like last year. I predict that Apple will absolutely OWN this holiday season and then the reserve boosters will kick in when China Mobile comes on board pushing revenue higher once more. After those events, it might be time to do a "status check" and see where the stock might be going?

     

    Maybe I'll be wrong... but I'll bet you I won't be.
    2 Oct 2012, 11:15 PM Reply Like
  • Ronin.
    , contributor
    Comments (1487) | Send Message
     
    I could have written that post, poker guy...that is my take on the situation, almost to a "T", including China Mobile....I also expect a boost from the Mini Introduction....I think you meant light "4" sales, since people were waiting for the new "4S"....
    2 Oct 2012, 11:54 PM Reply Like
  • andyk80
    , contributor
    Comments (53) | Send Message
     
    Hardly a "doomsday scenerio". I am only saying the days of incredible growth is coming to an end. They will sell many iPhones. Many more than any previous generation of iPhone. They will sell many iPad Mini's but likely at the expense of iPhone 5 and iPad sales. The iPad mini will eat into their margins. Like you said, January will tell the whole story.
    3 Oct 2012, 08:58 AM Reply Like
  • Ronin.
    , contributor
    Comments (1487) | Send Message
     
    @ Andy
    Mini margins at a $299 price point still gives pretty good margins...and most of the low price buyers would have been lost to Nexus or Kindle, so I think it is mostly gain rather than canabalization.....my stuff is all Retina displays, iP4, new iPad, and iP5 on order...and it's really good.....I'm not about to go back to lower res...

     

    Seems to me, that people were confused over the numbers on the 1st weekend....too much is not included, including my own order....so there is a lot of sales not accounted for in the current price....
    3 Oct 2012, 02:45 PM Reply Like
  • dmackdaddy
    , contributor
    Comments (5) | Send Message
     
    The 4 stores that werent sold out probably didnt have smart folks living by them to check and see fi there were iPhone in. You have to check every day and be lucky!
    1 Oct 2012, 07:54 PM Reply Like
  • berylrb
    , contributor
    Comments (2205) | Send Message
     
    right on but check everyday at 10PM via the Apple Store app on your iPhone. Have your purchase already in your cart and advanced to the screen where you can choose "store pick up", be punctual, by 10:03 the new inventory will be sold out.
    1 Oct 2012, 09:24 PM Reply Like
  • Star Weekly
    , contributor
    Comments (161) | Send Message
     
    Would the map and Siri problems happen under SJ era? Scott Forstall needs to be fired for tarnish the good name of Apple. I read that he is a back stabber and arrogant.

     

    SJ would not allow iPhone5 to come to the market if it is not completely free of defect. Remember how mad he was when the antenna problem was found on the iPhones?

     

    How would TC handle Scott Forstall?
    1 Oct 2012, 11:07 PM Reply Like
  • COS911
    , contributor
    Comments (43) | Send Message
     
    The map at least would have...SJ hated GOOGLE and likely started the move to an in house map. The part that is more troubling is the issues with iOS6, too many problems like wifi and battery issues indicates their beta testing has gone down hill lately. Waiting to upgrade to new OS until that is fixed. Still I think they'll work through it and will hit $900 before they hit $550 again.
    2 Oct 2012, 11:23 AM Reply Like
  • Ronin.
    , contributor
    Comments (1487) | Send Message
     
    @ PokerGuy
    Yep same old thing, every release....noise....su... my new iPad I am typing this on can also cook up a complete breakfast too....

     

    The non sold out units were not mantpy, and we're all Sprint phones in small cities....poor Sprint, I wonder if they will pick up business from impatient guys who's contracts are already up?

     

    So far, I have seen one guy say he won't get an iPhone 5 because of the "purple haze" some units have when taking photos near bright light sources.....I'm sure that one guy's order will take .05 seconds to be picked up by someone else....

     

    @ Star
    "I read that he [Forstall] is a back stabber and arrogant."

     

    And Steve Jobs was....?
    Well Forstall was SJ's apprentice...apple didn't fall far from the tree I suppose...

     

    I figure Forstall should have Forestalled both Maps and SIRI...
    2 Oct 2012, 02:45 AM Reply Like
  • Applocrat
    , contributor
    Comments (965) | Send Message
     
    What do you think of the data usage issue on Verizon? i know it's Already been cleaned up by a software patch, And overusage could've just been due in some cases at least tousers not being accustomed to 4G phones. Not to mention new device enthusiasm, But my question is How far does everyone think this negative perception will reach?
    2 Oct 2012, 11:08 AM Reply Like
  • IslandArchitect
    , contributor
    Comments (16) | Send Message
     
    5's sold out in the Detroit area.

     

    The new map is far superior.

     

    Any wining complaints are from the wankers.
    4 Oct 2012, 08:44 AM Reply Like
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