Seeking Alpha

More on Apple: Topeka's Brian White, he of the $1,111 PT, claims "an insatiable appetite" exists...

More on Apple: Topeka's Brian White, he of the $1,111 PT, claims "an insatiable appetite" exists for the iPad Mini in mainland China and Hong Kong, with checks indicating nearly all models are sold out in Hong Kong stores. He also claims Chinese iPhone 5 availability has improved, and that local resellers are calling it the most popular high-end smartphone. (previous)
From other sites
Comments (32)
  • bgold1955
    , contributor
    Comments (2095) | Send Message
     
    The U.S. also has an "insatiable appetite" for the mini.
    28 Dec 2012, 12:26 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    While these genius analysts were putting insane price targets on QCOM over a decade ago, it was an epic shorting oppy.... but this time, it's different right?

     

    :P
    28 Dec 2012, 12:30 PM Reply Like
  • Greenspanblows
    , contributor
    Comments (148) | Send Message
     
    Good luck shorting AAPL, you are going to need it.

     

    Forget the fact that AAPL can't make enough phones to meet demand while Nokia is giving their phones away. Forget the fact that they are years ahead of the competition and everyone else is trying to catch up.

     

    AAPL is not done innovating and has a pipeline of life changing products in the mix. I can't wait to see the shorts squirm.

     

    Can anyone say I-watch or Apple TV? Stay tuned. Coming to an AAPL store near you in 2013.
    28 Dec 2012, 01:36 PM Reply Like
  • calvin44
    , contributor
    Comments (20) | Send Message
     
    Thats what I keep telling everyone .Walter Pieck an analysis said 1000 on Qualcomm and that was the peak in 1999.When Andy Zaky said 1000 by june I knew that was the peak . Does anyone know what rock he is hiding under ? Maybe he is hiding from all his subscribers that actually pay him close to 2000 dollars a year to get terrible advice. Ive pointed out in the past that Apple was a great stock but that it has gotten too big . Look at the earnings estimates compared to last year in the next few quarters . They are down and that will cause further pressure on the stock . Thanks for pointing out the Qualcomm as a past peak .
    28 Dec 2012, 01:49 PM Reply Like
  • Roy Blanchard
    , contributor
    Comments (53) | Send Message
     
    So are you short AAPL? What's your stop price?
    28 Dec 2012, 01:58 PM Reply Like
  • Jack Baker
    , contributor
    Comments (896) | Send Message
     
    Yes, this time is different. Much, much different.
    29 Dec 2012, 01:09 AM Reply Like
  • ManoLive
    , contributor
    Comments (437) | Send Message
     
    I bought my mom an ipad mini for her birthday a few weeks ago, and she said it was the greatest present she's ever received. While that may be a stretch, she literally beams everytime we have a facetime session. She absolutely loves it.
    28 Dec 2012, 12:32 PM Reply Like
  • BRASIL
    , contributor
    Comments (64) | Send Message
     
    I know it's not what people want to admit,...because of the cool factor and all that ....but Apple seems to be the unrivaled favorite of mature users. They have the money to buy the best and the experience to know you get what you pay for. The ease of use and the quality of the Apple product is reason enough to stick with the best. So many of the people I know buy the latest, pass the old one to a family member and enjoy owning the finest device ever..and always.....Apple.
    28 Dec 2012, 12:58 PM Reply Like
  • KISS_investor
    , contributor
    Comments (340) | Send Message
     
    yes...this..

     

    the folks with the money want the apple..heh

     

    over time there is risk that our next gen money spenders will not give apple pricing power...we will see.. that's way in the future..

     

    Planned or not, the big money guys took their 50,100,200% profits while their tax rates are known...

     

    they are not idiots and they know this stock is very cheap on a peg basis and they are not about catching falling knives...

     

    the stock is nicely crushed
    the kindling is dry and plentiful...
    all we longs need is patience and a match...
    28 Dec 2012, 01:10 PM Reply Like
  • coolfoolgod
    , contributor
    Comments (71) | Send Message
     
    As one of those next gen spenders who is pretty tight with money, I can assure you that close to 50% of my generation is more than willing to cough up Apple's prices. The only danger is that Google produces a better device, with equal integration with software. That's really my biggest fear. I believe there are some studies showing that young peoples' ownership of Apple devices has continued to increase each year for the past decade. Just look around any college classroom, easily 50% of the laptops in mine are Macs. I'd say around 60% of phones in those same classrooms are iPhones, with a distribution of about 30% iPhone 4, 50% iPhone 4s, and 20% iPhone 5.
    28 Dec 2012, 01:41 PM Reply Like
  • Flash52
    , contributor
    Comments (14) | Send Message
     
    And Mom would tell her son that his present is the Worst she's ever received? :-)
    28 Dec 2012, 01:49 PM Reply Like
  • Roy Blanchard
    , contributor
    Comments (53) | Send Message
     
    "...Google produces a better device, with equal integration with software..." As Steve Jobs noted, and IBM proved in the 1960s, software works best on the machines it's designed for. How many computer brands run MS Windows each w their own variants? The fact that there are so many and I am a technphobe are the main reasons I've switched 100% to iProducts for my consulting practice and personal use.

     

    I'm temporarily out of AAPL having ridden it from $400 to well north of $500 before chickening out at $565. But I'll be back after the first in the very low $500s.
    28 Dec 2012, 02:07 PM Reply Like
  • scott trader
    , contributor
    Comments (4895) | Send Message
     
    People that don't buy appl products have no idea how long these products last ...... since I am sure my iPad 4 will last as long as my nano touch which still functions flawlessly after 5 years . I see the devices more as investments than just something I will need to replace every couple years....... They just are the best engineered and use the best available components......I will always pay up for quality...it seems to work out the best in the long term..
    28 Dec 2012, 02:55 PM Reply Like
  • sometimes
    , contributor
    Comments (205) | Send Message
     
    I bought an iPad 4 about a month ago. My father tried it and shortly thereafter he decided to dump his Samsung tablet for a new iPad 4 as well. My brother came home for Christmas and we were talking about Macs- he's been using the same one for 5 years, no problems. I've always used PCs, but he's convinced me to give a the new iMac a try... I have a feeling I'll be sticking with it.

     

    Apple just makes great products that work well, are easy to pick up and use with minimal learning curve, and last.

     

    Shorting a profitable, growing, quality company with a strong balance sheet doesn't sound like a well thought out long term strategy. Maybe you can make a few bucks in the short term, but I wouldn't take my eyes off the monitor for long.

     

    Long AAPL with DITM Leaps.
    29 Dec 2012, 10:02 PM Reply Like
  • JUDOKA
    , contributor
    Comments (406) | Send Message
     
    I am very long AAPL,but I wish that this guy would come down with his price target.Any time he speaks it comes off as a self serving diatribe to support his lofty target.I really hope he's right,but too much of his commentary sounds like Preston Tucker.Getting my new iPhone 5 next week.The Nokia I have clung to seems like two tin cans on a string compared to the AAPL models.
    28 Dec 2012, 12:33 PM Reply Like
  • mogando
    , contributor
    Comments (313) | Send Message
     
    A growing company (both top and bottom lines) with a trailing P/E of 12 and people are still considering shorting it ?
    28 Dec 2012, 12:44 PM Reply Like
  • mogando
    , contributor
    Comments (313) | Send Message
     
    *a growing company with zero debt, huge cash pile, and a healthy dividend i might add
    28 Dec 2012, 12:44 PM Reply Like
  • Third Eye Market Analyst
    , contributor
    Comments (119) | Send Message
     
    I do not know the fundamentals of AAPL, but I believe AAPL has a low PE for good reason. It has happened to Nokia, Motorola, & Research in Motion...the business that AAPL is in is highly risky and the company's products could become obsolete within 5 years if they don't keep coming up with innovative products...

     

    Traditional measure of using PE & Growth does not apply when there is no way to accurately measure growth more than 1 year out...
    28 Dec 2012, 02:03 PM Reply Like
  • Mohamed Abdirahman
    , contributor
    Comments (109) | Send Message
     
    Good observation Third Eye Market Analyst. I am also puzzled on how to meaningfully project 5 year growth on tech stocks like Apple and Co. when 5 year down the line we can almost be certain that another paradigm shift is under way and current players could become obsolete. Traditional measures of PEGs, etc should thereby be avoid. In fact the market seems to understand this and values most "smart phone" dominated companies low. Apple is no different.

     

    Check P/E across the board:

     

    Apple: 11.6X
    Samsung: 10.1X

     

    NOK and RIMM currently making negative EPS but start of the year RIMM had around 5 or 6X and NOK was also low.

     

    Point is the market is pricing the fact that growth cannot be projected beyond 1 year for those companies, thats why ALL of them are priced low in terms of PE. Apple/Samsung show this clearly, as both have similar growth rates.
    28 Dec 2012, 02:24 PM Reply Like
  • mogando
    , contributor
    Comments (313) | Send Message
     
    the only thing android has "innovated" so far is a race to the pricing bottom - Google setting loss-leading prices in its nexus devices in order to gain market share and screwing OEM partners over. Heck, their flagship Nexus 4 doesn't even come with activated LTE.

     

    While Samsung rose, every other Android OEM is in deep s**** - Moto, LG, Sony .... HTC hanging onto dear life, while RIMM/NOK are on their death beds.

     

    Also, took at tablet marketshare. That's where the next war is, and Android is far far behind iPad (based on all measurable usage, not some unprovable "shipped" numbers).

     

    Just remember this metric : 5 years ago GOOG generates more profit than AAPL. Today, AAPL generates more profit than GOOG generates in revenue.
    28 Dec 2012, 03:13 PM Reply Like
  • callmepret
    , contributor
    Comments (22) | Send Message
     
    Absolutely. I have always thought that PEs are a function of forseeable growth. Apple PE is in line with other similar companies as you pointed out.
    28 Dec 2012, 04:11 PM Reply Like
  • u01bsb0
    , contributor
    Comments (645) | Send Message
     
    oh this guy would love to talk it up so much. He needs something to work to get apple even close to his target..he did put a ridiculous price target on Apple. They might get to there in a few years but definitely before 2014.

     

    On the other hand, it seems almost impossible for anything to be good news in the analysts eyes..

     

    'apple items sold out' - instead of saying they are selling extremely well, they come out saying apple has continuous supply problems.

     

    'apple not selling enough' - continuous rises in sales never seem to be enough for analysts.

     

    On CNBC it has an article how smartphone and tablet activations soared during the christmas period throughout december (a huge chunk of these undoubtably being apple) however makes no change.

     

    In 2012 apple brings out new iphone, new mac range, new ipod range, new ipad range, ipad mini. Analysts say they are not bringing out enough products and their innovation is gone. Its madness. Analysts are never pleased.
    28 Dec 2012, 12:54 PM Reply Like
  • SidSilver
    , contributor
    Comments (438) | Send Message
     
    " local resellers are calling it the most popular high-end smartphone"

     

    Yes, when I talk to salespeople about how well the iPhone 5 is selling, they get very enthusiastic and say that it's doing extremely well. Some were able to compare it to the iPhone 4S (and said it was selling better) and some were not able to compare it.

     

    Anyway the point is that salespeople in 3 stores lit up when I asked how well it was selling. And not all of them were Apple stores.
    28 Dec 2012, 12:55 PM Reply Like
  • Barn Al
    , contributor
    Comments (152) | Send Message
     
    Make of it what you will, but last night (Thursday), Apple store in Lynwood Washington absolutely packed at 8:00PM...just sayin'...
    28 Dec 2012, 01:23 PM Reply Like
  • dr_randevil
    , contributor
    Comments (47) | Send Message
     
    that's all I needed to know! Thanks!
    28 Dec 2012, 01:38 PM Reply Like
  • coolfoolgod
    , contributor
    Comments (71) | Send Message
     
    Shoutout to a guy who probably lives 5 miles from me. Alderwood mall for the win.
    28 Dec 2012, 01:43 PM Reply Like
  • simonson11
    , contributor
    Comments (58) | Send Message
     
    Just unloaded my life savings into AAPL $700 Jan '13 CALLS based on this comment. Thx!
    28 Dec 2012, 04:54 PM Reply Like
  • Rich_281
    , contributor
    Comments (6) | Send Message
     
    Apple products with their sleek design, enhance my life experience daily. Almost all the technological products that I buy, relate, or sync in someway with my Apple products via Apps created for Apple products, and the list is long. There is even an App allowing me to avoid the wait for reps in the Apple stores by picking out accessories and buying them right there in the store myself (really)! I think Apple is going to continue in this direction, which is where the future beckons. If people want just a stand-alone phone, they have a plethora of other choices. I want a phone that links my life experiences, facilitates, protects, advises,assists,alerts. As for the stock? It will fluctuate. however, it has done a pretty good job of paying for all my Apple products!
    28 Dec 2012, 02:28 PM Reply Like
  • cjcarrad
    , contributor
    Comments (53) | Send Message
     
    Well, once again I suppose I am just another smug sob with his many uberkool Apples.....the machines that work flawlessly regardless of relative age. My mac pro tower just keeps chugging and even though a 2007, all upgrades install with ease and even the most challenging software runs clean and reliably. And how nicely coordinated then are my MacBook Pro, my iPad, my 4s phone and first edition 64G iPod. And with a very simple $24 app, I can bring my mac pro up,on my ipad, phone or laptop, anywhere on the civilized, smug apple planet and watch and control my 12 security cams. Or the rest of everything on the desktop. Aint that just tooooo smug? Yep, smugs the word, just living it up in these smug iClouds. ...... And oh yes, smug smug smug about my shares bought at $17 when the world was flat. It's fun being smug.
    28 Dec 2012, 04:33 PM Reply Like
  • simonson11
    , contributor
    Comments (58) | Send Message
     
    Best of luck to the shorts.
    29 Dec 2012, 01:18 AM Reply Like
  • scott trader
    , contributor
    Comments (4895) | Send Message
     
    this qutrs earnings are going to be a real upside surprise.........
    29 Dec 2012, 01:31 AM Reply Like
  • hzhao2004
    , contributor
    Comments (6) | Send Message
     
    As an owner of an iPad and a Nexus 7, I can say with certainty that my next tablet will be an iPad, probably the new one coming out next spring. The Android OS is just horrible.
    30 Dec 2012, 05:24 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector