peter02l

10 Reasons Not to Buy Apple

On Jul 08 02:21 AM Paul H. M. wrote:

> "Don't you dare mention that anybody has a chance against them!"

Pray tell, who and how?

> "Don't you even THINK that at this price, it might be better to wait!
> Even when the market retreats, this stock will shoot up like a rocket!
> "If you're not long on AAPL 100 percent of the time, you're an idiot!"

No one here is claiming you should be be long anything 100% of the time, or when the stock will shoot up or that you should jump in and put all your money into AAPL.

> Jesus, guys. The IPhone is pretty cool, but why not just address
> his points without all the hate?

There is no mention of hate either, just incompetence.

> Seriously guys, its dangerous to fall in love with your stock.
> That's how you end up holding at $200, and riding it down to $80.
> Only a company with major threats would rise and fall so easily.
> That much is obvious.

No dear boy. In case you were born yesterday, let me inform you that in addition to investors we have speculators, manipulators, people who need to raise cash to cover other losses, etc. Do you blame the quality of a house when its price doubles and then halves in a matter of a few years? Was there something wrong with the oil that was pumped out of the ground last year that we saw prices go to $140 and then back down to $60?

This Hao Jin fellow comes up with 10 reasons to claim Apple is a bad investment. Not one of them has to do with its valuation or the company's financial condition. He doesn't even suggest that the tanking economy will hurt any other company than Apple. Palm, Nokia, etc. are supposedly in a position to offer stiffer competition in this economy. Microsoft, with it's "90%" OS share is not cited as bad investment because of a "saturated" OS market. Why does he bring up Sony's walkman in the fifth "reason"? Is he suggesting that the 385 million is a ceiling for number of music players a company can hope to sell?

On top of that most of his numbers and claims are factually incorrect. Apple's iTunes store passed Walmart to become the top music seller in April of 2008. Ho says it's third behind Best Buy!

I suppose someone who writes stuff on a financial web site should be aiming to inform people. In this case, the readers are informing this guy how wrong his information is. And it's not just one or two or five errors - it's just about everything he says. That, is embarrassing.

10 Reasons Not to Buy Apple

If anything, the iPod could be argued to cannibalize the iPhone, given iPod touch does everything except the phone part.

Selling to the consumer market is a risk? Sorry, but the corporate market is where most of the trouble is. Even Microsoft is laying people off. If you need further proof, look at the Dell results.

It is shamfully embarrasing to suggest Apple makes less than $30 on iPhones.

Are you suggesting Apple is planning new "substantial fixed investment in equipment, lease improvements and inventory controls in all its 250+ store?

Nokia and Palm have been losing market share in the smartphone category ever since the iPhone came out. Palm may not even be around a year from now, with its negative equity, heavy debt, and the rate it's burning through cash. RIMM's 2 for 1 sale is over. They will start losing market share this year. Some competition!

The most ridiculous statement is number 4. That statistic hasn't changed from last year, or are you suggesting 90% of people have smart phones? Do you actually believe that people who buy cell phones these days never owned one before?

Regarding Steve's health and SEC investigations: give it a rest, that horse is dead.
Can you say with a straight face that you expect all phone manufacturers to offer phones which will be a central controls for home entertainment systems, and Apple for some reason will miss the boat? Never mind that there is a remote app for Apple TV.

Is Music Moving to the Cloud?

I've got 5 in my family. $75 a month? iTunes is way less expensive and we can take our music everywhere.

Who Will Win the Home Entertainment Battle?

You forgot to tell us how your mom likes her XBoxes.

Consortium To Standardize Digital Rights Management, Take On Apple

DRM is one thing, the digital format is another, but more important issue. As long as movies are available in a non-propriety good quality format, Apple will be happy to use their standard. That is, as long as microsoft can't embrace and extend it.

Gadget Stock Watch: Apple's Selloff, EA's Spore for Mac, More

Macworld announcements not enough? I suppose this drop had nothing to to with option expiration?