Apple's Share Price In The Context Of Risk And Reward [View article]
I may not be doing the math right, but your worst case has a ~640 ASP for iPhone this year. I think last quarter's ASP was ~613, so it might be a whole lot worse than your worst case. The iPhone 5 isn't selling well and the ASP's appear to be getting clobbered by a lower priced mix. This doesn't seem like a good sign for the 5S, assuming it follows the path of minor S upgrades.
Micron: The Electronics Industry Just Dodged A Bullet [View article]
I think about all of the new product categories that will need memory, from watches to TVs to appliances to cars and more. Micron sure looks cheap to me. It is a "boring" tech name, and under the radar as a result.
Micron Is Well Positioned As The Second-Largest DRAM Player [View article]
Nice article with a lot of great info, but I do have one issue: everything I am reading says there is and has been a shortage in DRAM of late and it is expected to get worse as the year presses on.
Why A Budget iPhone Is A Great Idea: 4 Reasons [View article]
I agree, but I own it and consider it a fantastic design. I think it may be a combination of market saturation, increased high quality competition, price sensitivity, and fear of LTE data plans, and some customer demand for a larger phone option on the menu. The long term implications are that all of those reasons would mean dramatically slowing growth rates for 600-800 dollar phones. That is where the lower cost phone comes in. I am reluctant to underestimate Apple's ability to come back, but this is a huge break from the past. I agree, btw, that they will likely bring something more like the mini to market. It won't seem cheap, but it will be more affordable for Asia.
Why A Budget iPhone Is A Great Idea: 4 Reasons [View article]
Simple, you have to look at the growth rate, not the phone itself. Just think about it: every iPhone has sold as much as all preceding phones combined! That is huge growth! The iPhone 5, in just its second full qtr, was outsold by the 4S last year! It is a huge break from the past. It could be nothing more than market saturation, but even then I would expect that it would have outsold the 4S, wouldn't you?
Why A Budget iPhone Is A Great Idea: 4 Reasons [View article]
The buyback and dividend have been great for the price of the stock, but Apple fundamentals going forward face some serious headwinds. I have yet to see an article pointing out how the iPhone 5 is the first iPhone sales growth failure. Look at the numbers from various sources and Apple sold more 4S models in last year's 2Q than they sold iP5 models this year! Considering *every other* iPhone has outsold the combination of all previous generations cumulatively, the epic failure of the iPhone 5 in sales growth is hard to overstate. It would not surprise me if Apple is planning to jump the 5S and go to the 6, along with lower cost plastic 5 models. Let's hope they can get growth rekindled!
Micron Technology Is In 'Solid State' [View article]
Here is a quote from Digitimes this AM; it doesn't sound too negative for MU! "The sources pointed out that brand vendors are all aggressively seeking and purchasing available DRAM stocks on the market as the supply chain is ready to start mass production for Haswell-based models in May, and the competition for DRAM supply is expected to turn fiercer in the second half."
Micron Technology Is In 'Solid State' [View article]
Good article. Micron is in a great spot, and it doesn't command the attention of a lot tech names. With Intel updating its processors with a huge improvement in battery life and graphics, and MSFT working hard to find that "Coke Classic" moment, I think we get a nice bump in PC sales in 2H. Gaming consoles are all updating. Tablets and Phones are growing like wildfire. The big winner could be a boring name like Micron! The head of Acer, as quoted in Digitimes, said he thinks prices will continue rising this year and we will have a PC DRAM shortage this year. Apparently so much capacity has moved to smartphones and tablets that a rebound in PC mfring will result in a very tight DRAM market. Your article did a nice job of explaining NAND growth.
Does Micron Have A Chance With The New Accelerator? [View article]
Two strong anecdotal reports from the market for MU : Digitimes reporting this AM that China/Taiwan is bracing for a DRAM shortage. Phones have eaten so much of the DRAM capacity and forecast that PC DRAM will be short this year. Prices rising. Second, IHS forecasts very strong growth for SSDs for the next four years. Obviously, NAND will benefit. New technology is great, but at the end of the day the real market needs real production and MU looks to benefit greatly. BTW, these reports are likely fueling the strong rally. Rising DRAM and supply problems mean increased forecasts likely for Micron--this year! Here is the quote, and it is pretty close to real time: "Commenting on the issue, Acer chairman JT Wang pointed out that DRAM prices are likely to continue rising as many DRAM makers have switched their production lines to manufacturing smartphone DRAM, leaving insufficient capacity to supply the PC industry. Even If DRAM makers decide to switch back capacity, it will still take about 3-4 months for the process to be completed, Wang said."
Intel Drops An Atomic Bomb On ARM's 'Abomination' [View article]
Bella, >>"Maths" is correct over my side of the pond and it was us who invented the language. << Very true, but your syntax leads me to believe you majored in "maths!" And, please don't forget that we invented transistors on our side of the pond! ;) ;)
Intel Drops An Atomic Bomb On ARM's 'Abomination' [View article]
Oops, messed that up. I guess I could call you on "maths," but just as an ardent ARM apologist like yourself doesn't seem to appreciate the importance of market leading performance (when it comes from Intel), a Brit wouldn't appreciate being "corrected" on "maths." Iso performance at ~25% of the wattage is a revolutionary jump, not marketing hype. They could be lying. I doubt they are.
More on Morgan Stanley/Apple: Huberty claims iPhone 5 shipments are now "on track to meet carrier volume expectations" following a slow start. She also thinks iPhone 4 price cuts could boost near-term demand (will margins take a hit?). Apple has been offering iPhone 4 promotions in India and other major emerging markets, in order to woo buyers who can't afford its regular unsubsidized price ($485 in India). In-line with many other reports, Huberty expects the iPhone 5S to launch around September, and a cheaper iPhone to arrive. [View news story]
A brilliant way to leverage the buyback imho! Not that it isn't working great right now...
More on Morgan Stanley/Apple: Huberty claims iPhone 5 shipments are now "on track to meet carrier volume expectations" following a slow start. She also thinks iPhone 4 price cuts could boost near-term demand (will margins take a hit?). Apple has been offering iPhone 4 promotions in India and other major emerging markets, in order to woo buyers who can't afford its regular unsubsidized price ($485 in India). In-line with many other reports, Huberty expects the iPhone 5S to launch around September, and a cheaper iPhone to arrive. [View news story]
Apple's Share Price In The Context Of Risk And Reward [View article]
Micron: The Electronics Industry Just Dodged A Bullet [View article]
Micron Is Well Positioned As The Second-Largest DRAM Player [View article]
Why A Budget iPhone Is A Great Idea: 4 Reasons [View article]
Why A Budget iPhone Is A Great Idea: 4 Reasons [View article]
Why A Budget iPhone Is A Great Idea: 4 Reasons [View article]
Why A Budget iPhone Is A Great Idea: 4 Reasons [View article]
Why A Budget iPhone Is A Great Idea: 4 Reasons [View article]
Micron Technology Is In 'Solid State' [View article]
"The sources pointed out that brand vendors are all aggressively seeking and purchasing available DRAM stocks on the market as the supply chain is ready to start mass production for Haswell-based models in May, and the competition for DRAM supply is expected to turn fiercer in the second half."
Micron Technology Is In 'Solid State' [View article]
Does Micron Have A Chance With The New Accelerator? [View article]
Intel Drops An Atomic Bomb On ARM's 'Abomination' [View article]
>>"Maths" is correct over my side of the pond and it was us who invented the language. <<
Very true, but your syntax leads me to believe you majored in "maths!" And, please don't forget that we invented transistors on our side of the pond! ;) ;)
Intel Drops An Atomic Bomb On ARM's 'Abomination' [View article]
More on Morgan Stanley/Apple: Huberty claims iPhone 5 shipments are now "on track to meet carrier volume expectations" following a slow start. She also thinks iPhone 4 price cuts could boost near-term demand (will margins take a hit?). Apple has been offering iPhone 4 promotions in India and other major emerging markets, in order to woo buyers who can't afford its regular unsubsidized price ($485 in India). In-line with many other reports, Huberty expects the iPhone 5S to launch around September, and a cheaper iPhone to arrive. [View news story]
More on Morgan Stanley/Apple: Huberty claims iPhone 5 shipments are now "on track to meet carrier volume expectations" following a slow start. She also thinks iPhone 4 price cuts could boost near-term demand (will margins take a hit?). Apple has been offering iPhone 4 promotions in India and other major emerging markets, in order to woo buyers who can't afford its regular unsubsidized price ($485 in India). In-line with many other reports, Huberty expects the iPhone 5S to launch around September, and a cheaper iPhone to arrive. [View news story]