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  • Apple beats estimates, but guidance disappoints [View news story]
    I was afraid the VZ numbers were a harbinger of low overall sales. The problem is that Asia (DCM and China) rolled out early compared to last year, so without the faster rollout and DCM iPhone sales would have dropped YOY! The low guidance confirms it. I expect to see Apple back in the 400s very soon. Mac was strong, but not great, as was iPad. Iphone is very disappointing imo. Guidance is very disappointing considering CHL. GLTA.
    Jan 27 04:38 PM | 7 Likes Like |Link to Comment
  • Apple goes green on report of larger iPhones, Icahn buying [View news story]
    Except when you sell...then it goes nuts! I originally thought it would be a blowout, so I think somewhere between a modest beat and a blowout, but you are right about Mr. Market--he loves to take Apple to weird places and you never know. I wouldn't be surprised if we see the 600s or the 400s after hours today!! Long term, I am excited about a bigger phone and new product categories, so if we get a huge, but unwarranted sell off I might add, and if we get a blow out I might add, too. We'll see what they say. The problem is that there are so many potential catalysts right now! CHL, the ER, a lot of questions about the buy back and new products--I am scared to be in or out. Scott, actually I think the Icahn noise is designed to put pressure on the Board to pay attention to shareholders, and I think it will end up working perfectly. Icahn doesn't want to run Apple, but I think he wants the Board to be aggressive. No doubt it will get asked and shelved, but I think it is all good for Apple. Good luck and thx for the commentary!
    Jan 27 03:03 PM | Likes Like |Link to Comment
  • I Hit Apple's Last Two Quarters EPS Results: Here Are My December Quarter Projections [View article]
    They could be, and the CEO may be right, too. It could have been a contract blip driven by the first free iPhone last year. If the customers were buying 4 models last year, they probably don't upgrade until their two years are up!
    Jan 27 11:38 AM | Likes Like |Link to Comment
  • I Hit Apple's Last Two Quarters EPS Results: Here Are My December Quarter Projections [View article]
    Thx, and thx for your take bgold! I always read your comments carefully. That is a perfect synopsis of the concerns for upside and downside imo. The key is Japan and all of Asia. They may have carried the growth. Certainly, the WSJ report on 15MM 5S models a month would seem to point to that outcome!
    Jan 27 11:36 AM | 1 Like Like |Link to Comment
  • I Hit Apple's Last Two Quarters EPS Results: Here Are My December Quarter Projections [View article]
    No worries on VZ's numbers, Chuck?
    Jan 27 08:48 AM | Likes Like |Link to Comment
  • I Hit Apple's Last Two Quarters EPS Results: Here Are My December Quarter Projections [View article]
    I am leaning toward MBs take, a few less phones than Chuck guessed, and more iPads. I also think Mac will surprise higher. Chuck is one of my favorite reads, but I think the big issue I would like a guess on is guidance. That is huge this time, and will likely control the price. GLTA.
    Jan 27 08:47 AM | 1 Like Like |Link to Comment
  • Apple goes green on report of larger iPhones, Icahn buying [View news story]
    Sav, just look back at the actual form 4s and ask yourself if selling 100% was a smart financial move. Selling 250,000 options at less than a $100 for instance; some were sold in the $20s that I looked at. I am certainly not saying they shouldn't exercise them!! They should, and they should use them as pay, and they should diversify. However, if somebody was selling all 250,000 Apple options at $28 a share about ten years ago do you think that was a good idea? I would advise them to keep 10% at a minimum. In this case, the exec would have missed a couple of hundred thousand dollars, but he would have made more than a couple of hundred thousand in dividends (more every single year now), and the 25,000 shares would be worth almost $14 million today!! I find it very strange that people argue that selling 100% of their options is a good idea!
    Jan 23 05:17 PM | Likes Like |Link to Comment
  • Apple goes green on report of larger iPhones, Icahn buying [View news story]
    Kato, I think it is good to diversify away from your company if you have everything invested in it, but I would say to the Apple team--keep a minimum of 10% of the converted options if there is any way possible. In my example, (which is very realistic based on form 4s) an exec would have 75,000 of his 750K. He would be making almost a million a year in dividends right now by simply keeping 10% of his options, not to speak of the ~$40 million value of the stock! I am a huge proponent of buybacks because they keep on giving to owners. If they consistently increase the dividend by the reduced payout amount, it really compounds through the years. It benefits long term Apple holders, but I agree with you that one time payouts insure the current shareholders get the money. Money does have a way of sprouting wings. I originally thought they wanted to buy Intel with the money, but I just don't think the gov would allow it. Great synergy, though.
    Jan 23 04:52 PM | Likes Like |Link to Comment
  • Apple goes green on report of larger iPhones, Icahn buying [View news story]
    kato, yes selling is required sometimes, particularly in CA! However, if someone has been given say, 750,000 options since 2002 and they sold them all? And they have consistently sold 100% of their options since Apple was in the $20s? As I said, it is their money, but do you want someone like that making the buyback decisions for you? I am just saying they ought to listen to the good in Icahn's criticism, not that they should have kept all of their Apple stock. Balance is good.
    Jan 23 04:20 PM | 1 Like Like |Link to Comment
  • Apple goes green on report of larger iPhones, Icahn buying [View news story]
    Scott, a couple of more points: I really don't get the whole Apple cult thing--if somebody criticizes Apple's mistakes, then they hate Apple? Would you be that way about IBM, or Intel, or McDonalds? Companies, like individuals, make mistakes. Talking about those mistakes on an investing site like SA is quite productive imo. It helps us all make better decisions. On the cash, just think about how much higher Apple would be if they had been buying the stock back for the last five years. Instead, they have been buying US Treasuries, many yielding less than the dividend! If they had simply reduced the shares, they would have more money from the decreased payout, or more money to hike the dividend. I think Apple gets an A+ on product design and production. The BOD hasn't done as well on finance. That was Icahn's point and I think he is right! I think they will do better if they listen and increase the buyback. Finally, check back through my comments and you will consistently find that I am a big Apple bull. Nobody designs consumer electronics better. You probably weren't saying that, and sometimes good natured sarcasm and humor are hard to read online. Good luck, and hopefully Apple will blow it out Monday!
    Jan 23 04:10 PM | 4 Likes Like |Link to Comment
  • Apple goes green on report of larger iPhones, Icahn buying [View news story]
    Steven, my point is that people vote with their feet/pocketbook! Icahn has invested billions in Apple and many of the BOD and exec team have sold billions (in aggregate). What does that tell you about who believes Apple is undervalued? Just making a point. And yes, executives often sell their stock as a payday. They have the right to do anything they want to do with their stock, and I would certainly recommend diversification. However, when you go back and see that some of them have gotten millions (not kidding) of options, and they have been selling them all since the 20s, you have to ask who is right about Apple finances: owners like Icahn, or people who have kept little to none of Apple for the last ten years. You also have to ask if it wouldn't have been smarter to give them less options and more money, but that is a matter for the BOD.
    Jan 23 03:41 PM | Likes Like |Link to Comment
  • Apple goes green on report of larger iPhones, Icahn buying [View news story]
    I like Apple!! Have a lot of the products, Scott and I'm a long term bull. I just think Icahn is right and the BOD was wrong in squirreling away so much cash in treasuries for the last few years. Also, I am sure they have done well in other areas. Do you not believe in constructive criticism?
    Jan 23 03:35 PM | 1 Like Like |Link to Comment
  • Apple goes green on report of larger iPhones, Icahn buying [View news story]
    Hilarious!! Icahn talks Apple up again. If you are long Apple you have to love Icahn. 3.6Bn is putting your money where your mouth is!! Meanwhile, many of the executive team and Apple's BOD can't dump their Apple shares fast enough--just look through the SEC form 4s for the last few years!!
    Jan 23 03:26 PM | 2 Likes Like |Link to Comment
  • WSJ: Apple launching two larger iPhones in 2H14, doing away with plastic [View news story]
    I think it is a lot like laptops, but the inverse. Over time, the "perfect" laptop has shrunk, and I think people are liking bigger phones, particularly as they have gotten slimmer. But, like laptops, one size doesn't fit all.
    Jan 23 01:47 PM | Likes Like |Link to Comment
  • Why Apple's China Mobile Launch Was A Flop [View article]
    Chen, entirely possible that VZ is getting their clock cleaned, but VZ has been an excellent proxy in the past. Definitely something to keep an eye on for Monday. It could very well be a VZ specific problem. We will see.
    Jan 23 11:14 AM | Likes Like |Link to Comment
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