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Apple (AAPL) is reiterated a Buy with $760 price target at Goldman which says the company's...

Apple (AAPL) is reiterated a Buy with $760 price target at Goldman which says the company's opportunity in emerging markets is far greater than what investors give it credit for. A survey of Chinese owners of an iDevice finds 9 out of 10 at least "likely" to stick with an Apple product for their next purchase, and more than 3 of 5 "highly likely" to do so.
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Comments (39)
  • broncubnug
    , contributor
    Comments (67) | Send Message
     
    wait a minute... Tim Cook seen sneezing!! He must be sick!! AAPL -11% story developing.......
    18 Jan 2013, 09:43 AM Reply Like
  • u01bsb0
    , contributor
    Comments (707) | Send Message
     
    Reuters bring out another stupid article about sharp slashing ipad screens. Supposedly from the same source that apple were cutting production of iphones by around 50%...becoming such a manipulating joke of website
    18 Jan 2013, 09:44 AM Reply Like
  • schatzl
    , contributor
    Comments (391) | Send Message
     
    But Goldman Sachs reiterating their buy @ 760 is trustworthy and not manipulative? Since I don't have any insight into Apple, I can't contribute anything meaningful other than a general warning to try to avoid being a Goldman Sachs muppet.
    18 Jan 2013, 09:51 AM Reply Like
  • u01bsb0
    , contributor
    Comments (707) | Send Message
     
    Yes you should never buy/sell stocks based solely on these financial institution's ratings. But $760 for apple stock is not an unreasonable price.
    -it was trading just above $700 at september 2012 and even at that price it was still considered 'cheap' compared to other stocks in the sector and compared to the average in the S&P and DJIA.

     

    However just putting rumours like what reuters have been doing, without showing a source, or even one that is slightly credible on a website with a lot of traffic of investors is just amateur shows that it is not reporting the news but manipulating its readers.
    18 Jan 2013, 09:59 AM Reply Like
  • aparo201@google.com
    , contributor
    Comments (153) | Send Message
     
    no, it's just that most people already know Goldman is manipulative.

     

    what's shocking is seeing supposedly respected media reporting rumors. it is of doubtful provenance with unknown implications. in other words, not newsworthy.

     

    journalism used to be about providing people with important, useful information from credible sources. now it's about throwing up every anything that gets clicks to sell online ad space because the profits are not in selling actual print newspapers anymore. I don't buy the corrpution element, that Reuters is trying to drive the stock price down. it's doing it because it knows the story will get clicks and crosslinks and that equals more revenues, and so long as the reportes cover themselves by actually having some source for the information (which they will never have to disclose of course) they do it.

     

    people still think of Reuters and WSJ and others as respectable, so when they report something, it is assumed to be true, meaningful, and worthy of acting on. that is no longer true.
    18 Jan 2013, 10:23 AM Reply Like
  • Skippy09
    , contributor
    Comments (1682) | Send Message
     
    "people still think of Reuters and WSJ and others as respectable,..."

     

    Reuters maybe.
    18 Jan 2013, 11:07 AM Reply Like
  • thomas j. flaherty
    , contributor
    Comments (121) | Send Message
     
    Well said Aparo, have you thought about becoming a journalist?
    18 Jan 2013, 01:03 PM Reply Like
  • aparo201@google.com
    , contributor
    Comments (153) | Send Message
     
    hardly. the only jouranlists still respected now are war correspondents.
    18 Jan 2013, 03:37 PM Reply Like
  • SivBum
    , contributor
    Comments (2025) | Send Message
     
    Like to see Goldman takes up a big position at these prices. If they don't or play any call/put games, SEC to throw the book on them.
    18 Jan 2013, 09:47 AM Reply Like
  • rperson
    , contributor
    Comments (367) | Send Message
     
    Anyone willing to take a bet that the massive number of call options expiring today finish at or below $500? If they do, is it an amazing, astounding, coincidence or one of the most blatant examples of stock manipulation ever seen? And what are the chances the same people behind this have are the ones spreading the false stories and rumors about Apple? This is sickening. Where is the bloody SEC? In the back pocket of the same Wall Street Criminals.
    18 Jan 2013, 01:43 PM Reply Like
  • broncubnug
    , contributor
    Comments (67) | Send Message
     
    Earlier this morning Cramer called this whole component saga a "parlor game" basically saying that nobody knows if AAPL is switching to new suppliers. This secret.. mysterious.. aura surrounding AAPL is getting old.. and.. DUMB
    18 Jan 2013, 09:53 AM Reply Like
  • krichard
    , contributor
    Comments (172) | Send Message
     
    Totally agree, it's time for Apple to act like an ADULT!
    18 Jan 2013, 10:36 AM Reply Like
  • aardvark3
    , contributor
    Comments (554) | Send Message
     
    "old and dumb"...that's Cramer.
    18 Jan 2013, 12:17 PM Reply Like
  • pfbsurf
    , contributor
    Comments (142) | Send Message
     
    The rising middle and upper middle class in China is the 800 pound Panda in the room in the Apple debate. Love to see an SA author really dissect this.

     

    Everyone is wringing their hands about Apple's future, but successful execution there keeps the revenue stream rolling, and most likely without much margin compression.

     

    A CHL deal brings this stock back to 650.
    18 Jan 2013, 09:56 AM Reply Like
  • JUDOKA
    , contributor
    Comments (406) | Send Message
     
    UBS reaffirmed 700 this morning.Earnings need to be better than OK next week.At least we get another dividend in February.
    18 Jan 2013, 10:05 AM Reply Like
  • broncubnug
    , contributor
    Comments (67) | Send Message
     
    the better the news the lower the share price goes #AAPLmanipulationBitch
    18 Jan 2013, 10:11 AM Reply Like
  • Tommy_Finger
    , contributor
    Comments (320) | Send Message
     
    4 out of 5 people believe 3 out of 8 surveys though.
    18 Jan 2013, 10:18 AM Reply Like
  • SivBum
    , contributor
    Comments (2025) | Send Message
     
    Yes, That's for existing customers. Growth comes from new customers. Fact that Goldman shows no data for that is telling by itself (I shall not believe that Goldman does not have the data.)
    18 Jan 2013, 10:22 AM Reply Like
  • jps12345
    , contributor
    Comments (27) | Send Message
     
    why is growth from new customers? they are not a wireless company. If you upgrade, it is new business for Aapl
    18 Jan 2013, 10:38 AM Reply Like
  • SivBum
    , contributor
    Comments (2025) | Send Message
     
    If you upgrade to iPhone 5 this year to replace last year's iPhone 4, Apple gets $400 from this year, same revenue as last year. However, if you upgrade along with a new customer Mr. Chan, Apple's top line grows by $400 over last year.
    18 Jan 2013, 10:54 AM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    30% Y/Y Rev growth isn't sustainable.

     

    The stock is clearly in a downtrend. Look at stock ownership - no one left to buy plenty of holders to sell.

     

    Lower coming.
    18 Jan 2013, 10:38 AM Reply Like
  • Applocrat
    , contributor
    Comments (1008) | Send Message
     
    Most of the people sold at a relatively healthy profit. What exactly prevents them from rebuying? Even if there were no other money in the world?
    18 Jan 2013, 01:15 PM Reply Like
  • rperson
    , contributor
    Comments (367) | Send Message
     
    Sell those absurdly overpriced Amazon, Google and Priceline shares.
    18 Jan 2013, 01:45 PM Reply Like
  • stockmarketmate
    , contributor
    Comments (15) | Send Message
     
    $760 is rather high at the moment. Goldman might be put to shame next week if Apple doesn't deliver. We need to see real numbers showing growth not promises made on hope.
    18 Jan 2013, 10:41 AM Reply Like
  • Skippy09
    , contributor
    Comments (1682) | Send Message
     
    $760 high??? - well maybe "at the moment."

     

    Let's not forget that AAPL was well on its way to that level (and beyond??) when the "Fiscal Cliff," capital gain sellin,g and all the rumors and innuendo started wrecking havoc on this stock.

     

    Ok, I'll admit it, I'm an Apple fanboy but I sleep quite well. Apple; to be a good core holding for my portgolio for at least 5 years.
    18 Jan 2013, 11:16 AM Reply Like
  • Applocrat
    , contributor
    Comments (1008) | Send Message
     
    but shouldn't fears be held to the same bar? the negative rumors haven't been substantiated by a lick of data.
    18 Jan 2013, 01:13 PM Reply Like
  • SivBum
    , contributor
    Comments (2025) | Send Message
     
    At about 1b share, current share price of $500 is about $200 billions lost in Apple's market cap from its peak a few months ago.

     

    No one would risk losing $200b opportunity on shoddy analysis or lousy odds.
    18 Jan 2013, 10:56 AM Reply Like
  • 937michigan
    , contributor
    Comments (5) | Send Message
     
    Really? "no one left to buy"

     

    I've read a ton of speculation on why the pullback occurred and tons of speculation on future catalysts. That said; one thing you seldom hear (which addresses your point) is that when people sold to lock-in cap gains, they have to wait 30 days to get back in. For some it has been 30 days already and for others it hasn't been - either way it's only prudent to wait to see the earnings results next week (or buy a call or enter a conditional order.) I think there are a lot of buyers waiting in the wings. I'm long.
    18 Jan 2013, 12:02 PM Reply Like
  • Mohamed Abdirahman
    , contributor
    Comments (109) | Send Message
     
    Is the capital gains issue still on? Its Jan 18, I thought the cap gains argument expired on new years eve :) I think the issue has long moved beyond cap gains or negative press argument.
    18 Jan 2013, 04:20 PM Reply Like
  • RAJONES
    , contributor
    Comments (13) | Send Message
     
    @937michigan

     

    You do not have to wait 30 days to get back if you show cap gains, cap losses yes. It's called the Wash Rule: http://sm.wsj.com/xBTRNA
    18 Jan 2013, 01:20 PM Reply Like
  • Michael O'Neill
    , contributor
    Comments (421) | Send Message
     
    Huge volumes of calls did in fact expire today at $500. This has been widely reported on SA and other sites.

     

    Expect Apple to rise $100 a share next week......or more!

     

    If you are long try and ignore the 'noise' the facts always rule the day, sometimes it is just uncomfortable having the rumours and noise filling your inbox. Look through that though and you can easily see Apple are doing very well indeed - worldwide. Expect a strong earnings report card.
    18 Jan 2013, 02:25 PM Reply Like
  • Jvloch
    , contributor
    Comment (1) | Send Message
     
    My son, an iPhone fanatic just decided to switch to Samsung ... value for money and an open systems architecture.
    18 Jan 2013, 05:57 PM Reply Like
  • rperson
    , contributor
    Comments (367) | Send Message
     
    Wish him luck with his viruses.
    19 Jan 2013, 03:58 PM Reply Like
  • dencentral
    , contributor
    Comments (13) | Send Message
     
    Good for him. Now Samsung has made their big $30 margin and no one save Google profits pennies a click off him going forward. Not so good for the developer community, for Samsung, or for future innovation (Read J.M. Manness on Seeking Alpha, "Android is Dead" 7-part series). Apple has returned to business with a vengeance on iPad sales, operates the planet's biggest music/video retail service, has great opportunities for iPhone coming in China, a TV game-changer in the pipes, and enormous momentum baked in with its coherent ecosystem. It's too bad your son will miss the party; I remain comfortably long on Apple.
    19 Jan 2013, 11:20 PM Reply Like
  • chongkim74
    , contributor
    Comments (1271) | Send Message
     
    Next week results should at least put apple back around 625-650$. Its a value stock now...
    18 Jan 2013, 05:57 PM Reply Like
  • foodforthought
    , contributor
    Comments (225) | Send Message
     
    Isn't this the same Sharp that was going to file for bankruptcy almost 2 months ago?...Not blaming Apple for reducing production at this supplier.

     

    http://reut.rs/WkOyLZ

     

    In 2012, the Company’s Board of Directors authorized a program to repurchase up to $10 billion of the Company’s common stock beginning in 2013 (from most recent 10K).

     

    Let the buyback and the dividend increase start!
    20 Jan 2013, 11:41 PM Reply Like
  • ELPH77
    , contributor
    Comments (8) | Send Message
     
    Well if you think GS and other 'House' really believe the target price themselves, why are they not buying UP at this price point?? $760 target price?? Let's see AAPL break $600 first.. Perhaps after Q1 ER. But again, that is not sure thing for now..
    21 Jan 2013, 06:44 AM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Wow, here we are just 5 days later and AAPL is getting crushed after-hours on earnings (stock currently 461).

     

    Goldman made this call when the stock was in low 500s. My consistently bearish calls on AAPL remain spot-on ... like I said, no one left to buy!

     

    Cult-following Permabulls: Welcome to reality.
    23 Jan 2013, 05:48 PM Reply Like
  • Mohamed Abdirahman
    , contributor
    Comments (109) | Send Message
     
    I think most brokers will lower their PT from tomorrow. Kudos to the analysts at Citi, Nomura, and co who cut PT prior to earnings and faced lots of criticism.
    23 Jan 2013, 05:53 PM Reply Like
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