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  • More on Apple: It looks as if the iPad Mini, premium pricing and all, is off to a decent start: the white model sold out hours after pre-orders commenced, and shipping times now stand at 2 weeks. The black model is still available. Digitimes recently claimed the Mini's relatively high pricing was due to low yields for its cutting-edge GF2 touchscreen tech (previous). If that rumor is accurate (a big if), it could mean a price cut will arrive once yields improve and costs fall. [View news story]
    Great buying opportunity in the 595-600 range. Hope those who were forever waiting, got the chance. Calls (Jan/Feb) also at interesting prices, particularly if spread against upside calls.
    Oct 26 03:53 PM | Likes Like |Link to Comment
  • Apple (AAPL): FQ4 EPS of $8.67 misses by $0.08. Revenue of $36B (+27% Y/Y) beats by $200M. 26.9M iPhones sold, 14M iPads, 5.3M iPods. Shares halted. (PR[View news story]
    27mil iPhones is above the street's 24-25mil numbers. Revenue also up. EPS lower than 'expectations'. Mixed bag story.
    Oct 25 04:41 PM | 5 Likes Like |Link to Comment
  • Whisper Number Impact: Apple Expectations Showing Restrained Confidence [View article]
    Agree generally but I don't think the street cares much about YoY Q comparisons so much now; we all know that the 4Q '11 was completely different from 4Q '12 (with the new phone released early, impacting some sales, etc.) I think the QoQ comparisons will be the issue - which one would think would be good? - and the outright sales numbers, and most importantly, the guidance based on all the new products. They look great but what do they expect to supply (most important) in the Q? We know the demand is there. If guidance is very strong we'll see a rally. If not, and everything is a little murky, the above scenario will play out for 30 days or so. It's the Q1 that makes or breaks this stock, I believe.
    Oct 25 01:51 PM | 1 Like Like |Link to Comment
  • Why Apple Is Down From $700 [View instapost]
    Agreed. I don't see anything concrete here other than rhetoric that doesn't reflect what's actually happening (product sold out, lines aroud the buildings, hot black market in China for the goods, etc.) I think pirota and this guy got together on this article - where's the pirota byline? Ha.
    Oct 25 08:53 AM | 1 Like Like |Link to Comment
  • What's All The Hubbub About Over The iPad Mini Pricing? [View article]
    mini will indeed cannibalize the iPad - the 2, that is.

    Those who want the bigger form factor with retina display will buy the 3 or the 4.

    I think leaving the 2 in place is more of a play for educational markets - they still buy it since it's cheaper, and perhaps the larger size is more conducive for in-class work for older students.

    K-6 will love the mini - if only school districts can afford them.
    Oct 25 08:41 AM | Likes Like |Link to Comment
  • What's All The Hubbub About Over The iPad Mini Pricing? [View article]
    "The $329 crosses the psychological "x99" price point (which Internal Source seems to miss)"

    Of course I get it. $299 is "cheaper" than $300. I always laugh at the gas station when the price is, say, $3.59 - AND 99/100 cents or something!...

    Not only do I not miss that point, I think any serious buyer of electronic goods (or other high-cost hard assets) needs to think about cost versus benefit over time, and quality. Sadly, most don't.

    That said, I would bet the farm that the mini will be sold out upon release, and AAPL will sell, with not one complaint from buyers, every iP5 and mini it can make between now and January (except perhaps the most expensive versions which tend to be less in demand).
    Oct 25 08:38 AM | Likes Like |Link to Comment
  • What's All The Hubbub About Over The iPad Mini Pricing? [View article]
    We should be calling it an "8 inch" actually since the screen is really as big as would be on the competition's tablets if they were 8 inches and not 7. Steve_S - I think it's (c.) in your list of tablet buyer issues. Most people pay cheaply the first time around - feels better psychologically - but then they buy twice rather than once, in a period of time, when that first time purchase fails or needs replacement. I know guys who buy Mercedes sedans and run them for 200k+ miles; sure they're expensive the first time around, but the net cost (assuming the Chevy buyer buys 2 cars in those 10 or so years) is less, and you get better quality.
    Oct 25 08:33 AM | Likes Like |Link to Comment
  • Apple (AAPL +0.6%) estimates were lowered today in response to Tim Cook's iPad comments and worries about iPhone 5 supply issues. But with shares now at 11x FY12E EPS (exc. cash), these concerns might be baked in ahead of tomorrow's report. The iPad Mini's pricing is yielding plenty of debate. Nomura: "A 65% price premium ($129) is significant and ... allows for Amazon and Google to continue to build out their positions." Baird: "Though priced above [rivals], the device is thinner, lighter, boasts a bigger screen and better cameras, and ... much wider app selection." [View news story]
    So are you short? Or long the other stocks? Really, shouldn't be trashing it unless you have money where your mouth is. Make a bearish bet then, Shanghai.
    Oct 25 06:48 AM | Likes Like |Link to Comment
  • Buying Opportunity: Apple Will Miss Fourth Quarter Earnings Expectations [View article]
    Your numbers are completely off compared to Maurer's, who uses the actual Street estimate from Yahoo and other sources. The Street does not "expect" $10 EPS. Check your figures (and go read Maurer).
    Oct 24 12:42 PM | 3 Likes Like |Link to Comment
  • Apple (AAPL +1.8%) bounces after AT&T (T) discloses it activated 4.7M iPhones in Q3, well above Q2's 3.7M. That figure comes in spite of Ma Bell's admission iPhone 5 supply constraints affected its postpaid net adds. Apple sold off yesterday on concerns about the iPad Mini's pricing, and perhaps also Tim Cook's claim that cumulative iPad sales topped 100M 2 weeks ago - that implies FQ4 sales of 16M, below an 18M consensus. FQ3 iPad sales were boosted by inventory builds, something that may have led to an FQ4 inventory draw-down. [View news story]
    I still really laugh about the mini pricing "problem", keeping in mind the amount people spend without really even knowing it, on things that are incredible wastes of money (diet Cokes, venti lattes, smokes, etc.) and add up to tens, if not 100s, of dollars weekly. That big $30 difference in the high-quality mini (BMW) versus the Nexus (Hyundai at best) is quickly cancelled out by the three venti lattes, five diet Cokes and two packs of Marlboros consumed by a potential buyer in one week. Maybe they'll own and use the tablet for, say, 75 weeks (a year and a half for a non-upgrade-fancy user). So, for 74 weeks they could have had better had they given up one week of waste. Somebody needs to do a scientific study - you know, the kind that shows how, really, dumb people are. ;)
    Oct 24 12:38 PM | 5 Likes Like |Link to Comment
  • What's All The Hubbub About Over The iPad Mini Pricing? [View article]
    Same consumers who say, "geez, $329?... I'll get the Samsung for $299..." are probably spending $50 a week on sodas, coffees, smokes, etc. without knowing it. Those who prefer the $199 tablet are, simply, the Hyundai buyers in a Mercedes market - don't need them, really, for now (and they're also spending $100+ a month on their Diet Cokes, Dunkin' Donuts coffee and Marlboros..)

    The perception of price, value and costs, is an interesting study that I wish someone would do, using tablets (fixed assets, generally bought only once every year or two or so) and consumables that are essentially wastes in all ways (no nuitrition, just mouth entertainment, really). How does the flyover state consumer perceive the costs versus value and long-term benefits (or losses)?
    Oct 24 12:33 PM | Likes Like |Link to Comment
  • What's All The Hubbub About Over The iPad Mini Pricing? [View article]
    Cheaper to what, $299? It's THIRTY BUCKS... most people spend more than than on Starbucks (speaking of 'bucks') in a week, on their venti lattes etc. How perceptions cloud reality... interesting cognitive science study, on how that big $30 difference means all the world to the Street, whereas the wasted $30 on sodas and low quality coffees spent on a weekly (not even one-time!) basis are ignored.
    Oct 24 12:29 PM | 2 Likes Like |Link to Comment
  • What's All The Hubbub About Over The iPad Mini Pricing? [View article]
    Adnan Pirota lives in Albania and claims to be the CEO of a company named "Cyberspace" there (or in Kosovo). Check his LinkedIn profile. He claims he has a monthly salary of only $600 but somehow he was able to buy the Samsung tablet. He doesn't own any stock in either company (so zero street cred) and he is a AAPL bash-boy. Most comments are snide one-liners or other "Apple is crap" snippets. Just ignore him. He'll go away.
    Oct 24 12:26 PM | 4 Likes Like |Link to Comment
  • More on the iPad Mini: The cheapest model (16GB Wi-Fi) goes for $329. Amazon and Google, sellers of the $199 Kindle Fire HD and Nexus 7, are probably breathing sighs of relief. As expected, there's no retina display inside the Mini, but there is an HD front camera and 5MP back camera, and 3G/4G models are offered (they start at $459). Like the iPad 2, the Mini is powered by an A5 processor. Apple (AAPL -2.2%) is selling off. (live blog). [View news story]
    No you are!..

    :D
    Oct 24 06:23 AM | 1 Like Like |Link to Comment
  • Cramer And Apple [View article]
    You really don't think an iP5 and iP4S are distinguishable? I stood my 4S next to a guy's 5 and it looked tiny and old. Can't wait for my unlocked 5 to arrive.

    OK, so your article was fine NYT-style rhetoric, but what about some numbers?
    Oct 24 06:19 AM | 2 Likes Like |Link to Comment
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