yet another steve's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/105174/comments http://seekingalpha.com/article/116420-apple-sec-investigation-rotten-to-core?source=feed#comment-367221 367221
As for Apple/Jobs, isn't this a time to remember our humanity--and simply wish him well?

The whole SEC/shareholder suit/disclosure angle is a Tempest in a teapot. Yes, maybe some sleazebag lawyers get a settlement for a few million. Only news there would be the increase in sleaze.

(Yes, Apple will be fine. But so what?)

The only NEWS is that a man is obviously facing very serious health issues. And as a human being, the only response is to wish him well. And if, indeed, he's been imperfect... forgive him and wish him well.

Those who have been right in their speculation have lost their humanity in the process. Steve Jobs has lost (hopefully temporarily) his health... but others have lost their souls. And there is little sign that THAT is temporary.]]> Tue, 27 Jan 2009 01:40:36 -0500
As for Apple/Jobs, isn't this a time to remember our humanity--and simply wish him well?

The whole SEC/shareholder suit/disclosure angle is a Tempest in a teapot. Yes, maybe some sleazebag lawyers get a settlement for a few million. Only news there would be the increase in sleaze.

(Yes, Apple will be fine. But so what?)

The only NEWS is that a man is obviously facing very serious health issues. And as a human being, the only response is to wish him well. And if, indeed, he's been imperfect... forgive him and wish him well.

Those who have been right in their speculation have lost their humanity in the process. Steve Jobs has lost (hopefully temporarily) his health... but others have lost their souls. And there is little sign that THAT is temporary.]]> http://seekingalpha.com/article/116070-u-s-mint-actions-discourage-gold-ownership?source=feed#comment-367211 367211
As a collector, I agree, the mint had too many products. I stopped buying any of them.

For 10 oz and more, I heartily recommend tulving.com (no I'm not affiliated.)

For smaller sizes, it is all over ebay.

Pretty ineffective conspiracy. Or should I say that conspiracy theorizing really isn't what it used to be.]]> Tue, 27 Jan 2009 01:27:00 -0500
As a collector, I agree, the mint had too many products. I stopped buying any of them.

For 10 oz and more, I heartily recommend tulving.com (no I'm not affiliated.)

For smaller sizes, it is all over ebay.

Pretty ineffective conspiracy. Or should I say that conspiracy theorizing really isn't what it used to be.]]> http://seekingalpha.com/article/114134-apple-s-fy09-eps-estimate-is-too-low?source=feed#comment-352846 352846
Apple makes for a remarkable long term holding... there is just so much earnings and cash flow baked into the cake.

And you're the first analyst I've seen to point out that the recession could actually HELP margins. Commodity components are a huge amount of Apple's costs and if the merely drops prices less than the commodity prices, margins grow.

So far, there is scant evidence of Apple cutting prices AT ALL. They are either stupid and brain dead or.... sales are holding up decently.

And of course, GAAP EPS--deferring iphone earnings--are a joke.

But Wall Street never lets the facts get in the way of a good story... ]]> Sun, 11 Jan 2009 22:04:03 -0500
Apple makes for a remarkable long term holding... there is just so much earnings and cash flow baked into the cake.

And you're the first analyst I've seen to point out that the recession could actually HELP margins. Commodity components are a huge amount of Apple's costs and if the merely drops prices less than the commodity prices, margins grow.

So far, there is scant evidence of Apple cutting prices AT ALL. They are either stupid and brain dead or.... sales are holding up decently.

And of course, GAAP EPS--deferring iphone earnings--are a joke.

But Wall Street never lets the facts get in the way of a good story... ]]> http://seekingalpha.com/article/113621-why-i-m-selling-apple-and-google-today-and-holding-amazon?source=feed#comment-350219 350219
So much (business) momentum here and ridiculous cash flows and cash in bank to withstand any short term economic difficulties.

But I've learned just how much markets can overshoot on the down side. Not selling here, but waiting for another drop before buying more.]]> Thu, 08 Jan 2009 18:42:32 -0500
So much (business) momentum here and ridiculous cash flows and cash in bank to withstand any short term economic difficulties.

But I've learned just how much markets can overshoot on the down side. Not selling here, but waiting for another drop before buying more.]]> http://seekingalpha.com/article/111293-it-s-no-big-deal-that-apple-is-pulling-out-of-macworld?source=feed#comment-332722 332722
SJ: At first I was concerned. But SJ gives great keynote because he invests a lot in the presentation. Not worth it if there isn't big news. In fact, having SJ give a presentation without big news just sets everyone up for a letdown. And Apple really tries to underpromise.

For a typical CEO a 2 hour presentation takes 2 hours. For SJ, it is days of presentation.

And yeah, your #1 marketing guy ought to be able to give a keynote.

Now they can bring Steve out for emphasis... like pointing out that non-GAAP accounting (meaning iPhones booked as if a mac or an ipod) DOUBLED the GAAP results. It was stunning.... yet most of Wall St is still valuing AAPL on GAAP P/E. Totally misses the iPhone. Steve needs to come out and do the next earnings call as well.]]> Wed, 17 Dec 2008 23:48:52 -0500
SJ: At first I was concerned. But SJ gives great keynote because he invests a lot in the presentation. Not worth it if there isn't big news. In fact, having SJ give a presentation without big news just sets everyone up for a letdown. And Apple really tries to underpromise.

For a typical CEO a 2 hour presentation takes 2 hours. For SJ, it is days of presentation.

And yeah, your #1 marketing guy ought to be able to give a keynote.

Now they can bring Steve out for emphasis... like pointing out that non-GAAP accounting (meaning iPhones booked as if a mac or an ipod) DOUBLED the GAAP results. It was stunning.... yet most of Wall St is still valuing AAPL on GAAP P/E. Totally misses the iPhone. Steve needs to come out and do the next earnings call as well.]]> http://seekingalpha.com/article/110438-apple-analysts-reality-check-bear-rally-is-over?source=feed#comment-328044 328044
If I have a $95 target on a stock, and it closes today at $95, am I right? Is it really that simple? C'mon... $70 next month and $300 in 3 years are not mutually exclusive events.

Zach, I respect your technical analysis, and you've been right short term. But that's a measure of investor psychology.

The Apple franchise... best measured by its ability to generate profits and cash flow... seems to be holding up really well. Now there's every reason to think Apple's business will get clobbered in this recession. There's just no evidence of that happening. Analysts are clinging to the "end of the ipod run" theme, while ignoring the far larger implications of the iphone and subscription accounting.

Honestly, I expect upside earnings surprises for the holiday quarter... and the stock to fail to rally much on the news. The psychology is that negative. But someday, the mountains of cash being printed in Cupertino is going to prevail.

I do think its a historic opportunity--to have a company doing so phenomenally well as a business during such a terrible market and economy. And there's no reason AAPL can't sell off more and become an even more amazing value.

Actually the analysts are amazingly conservative on Apple's business performance. They're still valuing on GAAP earnings, worrying about ipod units (not revenues), failing to consider that maybe Apple isn't cutting prices dramatically because... it doesn't have to (actually the new portable line has an implicit price cut as the $1299 MacBook is probably cannibalizing $1999 MB Pros.). Or the effect of the weak global economy on flash memory prices and thus Apple's margins.

This company has two major, growing, extremely profitable platforms, each creating a virtuous circle as a successful platform can. It has a ridiculous amount of cash and continues to generate it. It controls its own destiny as few companies ever do.

So I bought too early ($129). But if I get to add to that position at $70... bring it on. PCs and pocket sized mobile devices are going to be around for a long time and the Apple franchise has never been healthier. And this ain't some dot-bomb bubble... Apple has proven its ability to "monetize" its franchise into ridiculous amounts of cold hard cash.
]]> Sat, 13 Dec 2008 00:02:50 -0500
If I have a $95 target on a stock, and it closes today at $95, am I right? Is it really that simple? C'mon... $70 next month and $300 in 3 years are not mutually exclusive events.

Zach, I respect your technical analysis, and you've been right short term. But that's a measure of investor psychology.

The Apple franchise... best measured by its ability to generate profits and cash flow... seems to be holding up really well. Now there's every reason to think Apple's business will get clobbered in this recession. There's just no evidence of that happening. Analysts are clinging to the "end of the ipod run" theme, while ignoring the far larger implications of the iphone and subscription accounting.

Honestly, I expect upside earnings surprises for the holiday quarter... and the stock to fail to rally much on the news. The psychology is that negative. But someday, the mountains of cash being printed in Cupertino is going to prevail.

I do think its a historic opportunity--to have a company doing so phenomenally well as a business during such a terrible market and economy. And there's no reason AAPL can't sell off more and become an even more amazing value.

Actually the analysts are amazingly conservative on Apple's business performance. They're still valuing on GAAP earnings, worrying about ipod units (not revenues), failing to consider that maybe Apple isn't cutting prices dramatically because... it doesn't have to (actually the new portable line has an implicit price cut as the $1299 MacBook is probably cannibalizing $1999 MB Pros.). Or the effect of the weak global economy on flash memory prices and thus Apple's margins.

This company has two major, growing, extremely profitable platforms, each creating a virtuous circle as a successful platform can. It has a ridiculous amount of cash and continues to generate it. It controls its own destiny as few companies ever do.

So I bought too early ($129). But if I get to add to that position at $70... bring it on. PCs and pocket sized mobile devices are going to be around for a long time and the Apple franchise has never been healthier. And this ain't some dot-bomb bubble... Apple has proven its ability to "monetize" its franchise into ridiculous amounts of cold hard cash.
]]> http://seekingalpha.com/article/105061-should-we-really-bail-out-the-big-three-automakers-with-73-20-per-hour-labor?source=feed#comment-306560 306560
Now.... who makes better cars? Yeah, that's the problem.

Higher costs and inferior products... an important part of capitalism is letting the uncompetitive die. Or force them to be competitive to survive.

Unions? Well they have to be competitive too. If a union makes a company uncompetitive it and its members go down with the company.]]> Sat, 15 Nov 2008 00:34:17 -0500
Now.... who makes better cars? Yeah, that's the problem.

Higher costs and inferior products... an important part of capitalism is letting the uncompetitive die. Or force them to be competitive to survive.

Unions? Well they have to be competitive too. If a union makes a company uncompetitive it and its members go down with the company.]]> http://seekingalpha.com/article/98939-the-woz-is-sounding-bearish-on-apple?source=feed#comment-276434 276434
That's why there's an iPhone and an iPod Touch.

Part of the genius of the ipod has always been the way Apple keeps pushing it forward as technology allows. Apple isn't just aware of this--it's driving it. SanDisk can make music players, but now they need an OS. MS has an OS, yet has been so unsuccessful with it (in portable devices) that it did not base Zune on it.

No idea how far down the stock will go... or how much the recession will hurt sales in the short term. But long term Apple isn't threatened by this--it is leading it.]]> Tue, 07 Oct 2008 23:10:42 -0400
That's why there's an iPhone and an iPod Touch.

Part of the genius of the ipod has always been the way Apple keeps pushing it forward as technology allows. Apple isn't just aware of this--it's driving it. SanDisk can make music players, but now they need an OS. MS has an OS, yet has been so unsuccessful with it (in portable devices) that it did not base Zune on it.

No idea how far down the stock will go... or how much the recession will hurt sales in the short term. But long term Apple isn't threatened by this--it is leading it.]]> http://seekingalpha.com/article/98513-the-consumer-spending-slowdown-catches-apple?source=feed#comment-274461 274461
Technically, the stock has not found a bottom.

But it certainly seems like there is more upside risk than downside risk at an enterprise value of just $72/share.

And Apple buyers tend to simply delay purchases, not switch brands. Sooo.... the franchise is just as strong whenever consumer spending recovers.

A big slowdown in consumer electronic spending could also give Apple some help with margins. Which equals some serious operating flexibility. And while we're all just guessing what their numbers are, they certainly know.

If the world doesn't end, Apple is well positioned to emerge even stronger. But there's no limit to how much a stock can overshoot--upside or downside.

If the world does end, none of this will matter...]]> Mon, 06 Oct 2008 04:10:06 -0400
Technically, the stock has not found a bottom.

But it certainly seems like there is more upside risk than downside risk at an enterprise value of just $72/share.

And Apple buyers tend to simply delay purchases, not switch brands. Sooo.... the franchise is just as strong whenever consumer spending recovers.

A big slowdown in consumer electronic spending could also give Apple some help with margins. Which equals some serious operating flexibility. And while we're all just guessing what their numbers are, they certainly know.

If the world doesn't end, Apple is well positioned to emerge even stronger. But there's no limit to how much a stock can overshoot--upside or downside.

If the world does end, none of this will matter...]]> http://seekingalpha.com/article/98447-steve-jobs-fake-heart-attack-courtesy-of-cnn?source=feed#comment-273106 273106
You will have your revenge.

No shorting == no violent short covering rallies.

Unlike the financials that were really hit, Apple doesn't need a cent of capital or cash (and won't ever.) The only effect a lower stock price has is that it improves recruiting by adding more upside to option grants.]]> Fri, 03 Oct 2008 18:48:42 -0400
You will have your revenge.

No shorting == no violent short covering rallies.

Unlike the financials that were really hit, Apple doesn't need a cent of capital or cash (and won't ever.) The only effect a lower stock price has is that it improves recruiting by adding more upside to option grants.]]> http://seekingalpha.com/article/98447-steve-jobs-fake-heart-attack-courtesy-of-cnn?source=feed#comment-273102 273102
If something really does happen to SJ, I will cherish the bottom as a buying opportunity. Especially from these levels. All the bright talented people in its many businesses won't quit coming to work just because Steve isn't there. iPhones won't suddenly stop working. Macs won't suddenly get viruses. It's a company with amazing growth for its size, rabid fans for its products, ridiculous cash flow and nearly $25/share in the bank.

It's a volatile stock and when it runs out of sellers, the snap back will be just as violent.

Apple has a ridiculous amount of cash, the only possible long term use of which is to return it to shareholders. It has no forseeable reason to need the capital markets, ever.

It's ALREADY trading at levels far lower than the loss of Jobs would justify.

So, everyone, keep spreading the rumors and shorting the stock. Just do look at me when you need to cover.]]> Fri, 03 Oct 2008 18:44:22 -0400
If something really does happen to SJ, I will cherish the bottom as a buying opportunity. Especially from these levels. All the bright talented people in its many businesses won't quit coming to work just because Steve isn't there. iPhones won't suddenly stop working. Macs won't suddenly get viruses. It's a company with amazing growth for its size, rabid fans for its products, ridiculous cash flow and nearly $25/share in the bank.

It's a volatile stock and when it runs out of sellers, the snap back will be just as violent.

Apple has a ridiculous amount of cash, the only possible long term use of which is to return it to shareholders. It has no forseeable reason to need the capital markets, ever.

It's ALREADY trading at levels far lower than the loss of Jobs would justify.

So, everyone, keep spreading the rumors and shorting the stock. Just do look at me when you need to cover.]]> http://seekingalpha.com/article/98447-steve-jobs-fake-heart-attack-courtesy-of-cnn?source=feed#comment-273101 273101
If something really does happen to SJ, I will cherish the bottom as a buying opportunity. Especially from these levels. All the bright talented people in its many businesses won't quit coming to work just because Steve isn't there. iPhones won't suddenly stop working. Macs won't suddenly get viruses. It's a company with amazing growth for its size, rabid fans for its products, ridiculous cash flow and nearly $25/share in the bank.

It's a volatile stock and when it runs out of sellers, the snap back will be just as violent.

Apple has a ridiculous amount of cash, the only possible long term use of which is to return it to shareholders. It has no forseeable reason to need the capital markets, ever.

It's ALREADY trading at levels far lower than the loss of Jobs would justify.

So, everyone, keep spreading the rumors and shorting the stock. Just do look at me when you need to cover.]]> Fri, 03 Oct 2008 18:44:22 -0400
If something really does happen to SJ, I will cherish the bottom as a buying opportunity. Especially from these levels. All the bright talented people in its many businesses won't quit coming to work just because Steve isn't there. iPhones won't suddenly stop working. Macs won't suddenly get viruses. It's a company with amazing growth for its size, rabid fans for its products, ridiculous cash flow and nearly $25/share in the bank.

It's a volatile stock and when it runs out of sellers, the snap back will be just as violent.

Apple has a ridiculous amount of cash, the only possible long term use of which is to return it to shareholders. It has no forseeable reason to need the capital markets, ever.

It's ALREADY trading at levels far lower than the loss of Jobs would justify.

So, everyone, keep spreading the rumors and shorting the stock. Just do look at me when you need to cover.]]> http://seekingalpha.com/article/74246-apple-s-bountiful-revenues-are-bigger-than-ever?source=feed#comment-157760 157760
As for confusion--who can blame Apple for being conservative in its accounting in today's Sarbox environment (and does any company get sued more these days?) They made a customer decision first (upgrades will be free), and we'll just have to live with the math.]]> Mon, 28 Apr 2008 03:33:34 -0400
As for confusion--who can blame Apple for being conservative in its accounting in today's Sarbox environment (and does any company get sued more these days?) They made a customer decision first (upgrades will be free), and we'll just have to live with the math.]]> http://seekingalpha.com/article/69274-a-trip-to-fantasyland-should-google-buy-apple?source=feed#comment-129029 129029
And the reason it could have been a fun idea is because it is so blaringly stupid: How to destroy two very successful companies in one deal!]]> Wed, 19 Mar 2008 18:36:23 -0400
And the reason it could have been a fun idea is because it is so blaringly stupid: How to destroy two very successful companies in one deal!]]> http://seekingalpha.com/article/61722-apple-s-deferred-revenues-revisited-this-was-a-blow-out-quarter?source=feed#comment-113159 113159
What does make sense, however, is to add iPhone revenues and units to the iPod numbers since it is really an extension of the same business.

Also missed, however, is that each of these phones that isn't unlocked generates cost-free revenue to Apple every month in revenue sharing.

Frankly Apple is at a major transition point as its ipod business goes from toy to serious platform. The street is clueless.. so clueless that we should just let 'em sell and get short. It's just like 2 years ago. Except 2 years ago, you had to have faith to see the continued growth. Now, to those of us who have noticed that iPhone/iPod touch are both iPods and OSX platforms, the source of that growth is obvious.

The Street is clueless, and given Apple's seasonality it may take until September until Apple generates such revenues, earnings, and cash flow that they'll have to come out of denial.

So, what the hell, let 'em drive the stock down to $90. Selling at $250 is a lot more profitable if you bought at $90 vs. $190.

Let every clueless doubter have his day.

Pay no attention to that $21/share in CASH... go short old men!]]> Mon, 28 Jan 2008 04:16:23 -0500
What does make sense, however, is to add iPhone revenues and units to the iPod numbers since it is really an extension of the same business.

Also missed, however, is that each of these phones that isn't unlocked generates cost-free revenue to Apple every month in revenue sharing.

Frankly Apple is at a major transition point as its ipod business goes from toy to serious platform. The street is clueless.. so clueless that we should just let 'em sell and get short. It's just like 2 years ago. Except 2 years ago, you had to have faith to see the continued growth. Now, to those of us who have noticed that iPhone/iPod touch are both iPods and OSX platforms, the source of that growth is obvious.

The Street is clueless, and given Apple's seasonality it may take until September until Apple generates such revenues, earnings, and cash flow that they'll have to come out of denial.

So, what the hell, let 'em drive the stock down to $90. Selling at $250 is a lot more profitable if you bought at $90 vs. $190.

Let every clueless doubter have his day.

Pay no attention to that $21/share in CASH... go short old men!]]> http://seekingalpha.com/article/61800-4-million-iphones-sold-really-steve?source=feed#comment-113157 113157
I for one will ABSOLUTELY buy an iphone. When the price is $399, not $399 + early termination fee on my current contract.

The obvious answer is that a lot more phones have been bought for unlocking than estimated. The best evidence is Apple, restricting sales. That's what you do when you want your inventory to go to the most profitable customers (subscribers), not when you're stuffed with inventory. (And... duh... Apple is a major retailer of the iphone and its inventory counts as inventory NOT sales. Basic GAAP.)

And it is doubtful that Steve Jobs would have used the number if it wasn't true... basically committing securities fraud when he need not have said anything.

But enough of that... there's a bear raid on a company posting breathtaking results and growth. Let's the sellers reign. I'm not on margin and I ain't selling. Volatility is how 20% gains can become 100% gains.

Get short now!!!]]> Mon, 28 Jan 2008 04:01:45 -0500
I for one will ABSOLUTELY buy an iphone. When the price is $399, not $399 + early termination fee on my current contract.

The obvious answer is that a lot more phones have been bought for unlocking than estimated. The best evidence is Apple, restricting sales. That's what you do when you want your inventory to go to the most profitable customers (subscribers), not when you're stuffed with inventory. (And... duh... Apple is a major retailer of the iphone and its inventory counts as inventory NOT sales. Basic GAAP.)

And it is doubtful that Steve Jobs would have used the number if it wasn't true... basically committing securities fraud when he need not have said anything.

But enough of that... there's a bear raid on a company posting breathtaking results and growth. Let's the sellers reign. I'm not on margin and I ain't selling. Volatility is how 20% gains can become 100% gains.

Get short now!!!]]> http://seekingalpha.com/article/61643-apple-at-135-low-hanging-fruit?source=feed#comment-112928 112928
Yes in the conference call they did not show any interest in a stock buyback. But that was at $155. I wouldn't be surprised if they wait for a nice oversold day and cut the press release authorizing the buyback. And they have the cash to really buy the shares and make it stick.

And when everyone expects it to still go lower in the short term... that's generally the bottom.]]> Sat, 26 Jan 2008 09:05:10 -0500
Yes in the conference call they did not show any interest in a stock buyback. But that was at $155. I wouldn't be surprised if they wait for a nice oversold day and cut the press release authorizing the buyback. And they have the cash to really buy the shares and make it stick.

And when everyone expects it to still go lower in the short term... that's generally the bottom.]]> http://seekingalpha.com/article/61665-apple-sitting-on-excess-inventory?source=feed#comment-112882 112882
Selling everyone on the planet a $29 throwaway device ins't nearly as lucrative as selling a whole lot of people a $300+ handheld wireless platform. Apple is turning the ipod into a computer. The important announcement isn't a new product... it's the SDK next month.

Meanwhile the company, largely through its mac business, is practically printing money.

This is a company whose earnings are growing north of 30%, who will make about $5.50 THIS year, who is building a subscription profit stream through the iphone business and who has $22/share in CASH. AAPL is NOT priced for perfection... it's cheap.

And a real inventory issue would show up on the balance sheet. Instead the balance sheet shows.... CASH.]]> Fri, 25 Jan 2008 17:48:58 -0500
Selling everyone on the planet a $29 throwaway device ins't nearly as lucrative as selling a whole lot of people a $300+ handheld wireless platform. Apple is turning the ipod into a computer. The important announcement isn't a new product... it's the SDK next month.

Meanwhile the company, largely through its mac business, is practically printing money.

This is a company whose earnings are growing north of 30%, who will make about $5.50 THIS year, who is building a subscription profit stream through the iphone business and who has $22/share in CASH. AAPL is NOT priced for perfection... it's cheap.

And a real inventory issue would show up on the balance sheet. Instead the balance sheet shows.... CASH.]]> http://seekingalpha.com/article/61429-apple-needs-to-execute-no-longer-innovate?source=feed#comment-112688 112688
And the consistent revenue growth thesis does NOT include the iPhone. Which is more than an ipod but certainly IS an ipod and is certainly part of the same franchise.]]> Thu, 24 Jan 2008 17:16:22 -0500
And the consistent revenue growth thesis does NOT include the iPhone. Which is more than an ipod but certainly IS an ipod and is certainly part of the same franchise.]]> http://seekingalpha.com/article/54501-cisco-sell-off-puts-apple-at-a-discount?source=feed#comment-102199 102199
Look at the insane trailing PE and go short. Pay no attention to the PEG. Remember that the future is UNIX and ignore which PC OS is built on top of it. And smartphone.

It's the short of a lifetime. Beleagured AAPL!

Because it wasn't in the 150s long enough for me to actually buy any.]]> Sat, 17 Nov 2007 05:11:56 -0500
Look at the insane trailing PE and go short. Pay no attention to the PEG. Remember that the future is UNIX and ignore which PC OS is built on top of it. And smartphone.

It's the short of a lifetime. Beleagured AAPL!

Because it wasn't in the 150s long enough for me to actually buy any.]]> http://seekingalpha.com/article/48658-university-students-responsible-for-booming-mac-sales?source=feed#comment-97552 97552 Wed, 03 Oct 2007 10:09:25 -0400 http://seekingalpha.com/article/47768-apple-investors-overlooking-mac-s-windows-capability?source=feed#comment-96530 96530 Fri, 21 Sep 2007 06:49:48 -0400 http://seekingalpha.com/article/46724-apples-100-million-apology-a-win-win?source=feed#comment-95541 95541 800 K phones sold; Apple has circa 30% margins (it's store credit remember), plenty won't get around to claiming credit or actually using it. It's at best half that amount, and that is assuming none of it is charged against the subscription accounting revenue (I'm sure AAPL would rather take a one time charge and keep the future earnings since stoks price based on the future.)]]> Sun, 09 Sep 2007 06:54:01 -0400 800 K phones sold; Apple has circa 30% margins (it's store credit remember), plenty won't get around to claiming credit or actually using it. It's at best half that amount, and that is assuming none of it is charged against the subscription accounting revenue (I'm sure AAPL would rather take a one time charge and keep the future earnings since stoks price based on the future.)]]> http://seekingalpha.com/article/46517-mixed-emotions-on-apple-s-announcements?source=feed#comment-95300 95300
I also take it as a good sign that they're confident in manufacturing capabilities.

Bad news for Zune and NBC though. For the latter, consider this: before yesterday only the top of the line iPod played videos. Now every iPod with a screen does. Video on the nano is a huge story since that's where the volume is.

This is a product with great products and momentum doing what a company should do--taking no prisoners.]]> Thu, 06 Sep 2007 10:46:01 -0400
I also take it as a good sign that they're confident in manufacturing capabilities.

Bad news for Zune and NBC though. For the latter, consider this: before yesterday only the top of the line iPod played videos. Now every iPod with a screen does. Video on the nano is a huge story since that's where the volume is.

This is a product with great products and momentum doing what a company should do--taking no prisoners.]]> http://seekingalpha.com/article/46237-apple-calls-nbc-s-digital-download-bluff?source=feed#comment-95057 95057
It's the most shocking proposal I've heard in a long time. Imagine the uproad if we proposed their news programs have a monitor who would block any content thought to say libel someone. It's just unbelievably shocking.]]> Tue, 04 Sep 2007 07:29:45 -0400
It's the most shocking proposal I've heard in a long time. Imagine the uproad if we proposed their news programs have a monitor who would block any content thought to say libel someone. It's just unbelievably shocking.]]>