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  • Apple Is In Deep Trouble: A Reformed Bull Speaks Out [View article]
    "In fact, 12 times earnings for a company with a declining customer base, declining margins and no catalyst for growth in the near to medium term is probably too generous."

    Josh, this statement is patently false. You confuse declining market share with a declining customer base. Apple's customer base is growing significantly, every article I've ever seen says three times as many Android users switch to IOS compared to IOS users that switch to Android. And the "declining margins" you point to are now rising again and are very high for a hardware company. Regarding catalysts for growth-you don't see the A7 powered iPhone 5S as a catalyst for growth? How about the iPhone 6 next year? How about iBeacon?
    Oct 24, 2013. 11:28 AM | 3 Likes Like |Link to Comment
  • The Apple Enigma: Confessions Of A Reformed Apple Hater [View article]
    Humble Eagles, I'm a convert to Apple since 2008. The difference in quality, customer support, and user experience compared to Microsoft and others is hard to put a price on. Then there's the much higher resale value of Apple products that further mitigates the marginally higher initial purchase price. When I traded in my iPhone 4S for an iPhone 5 with a 2 year contract I essentially got the iPhone 5 for free.
    Oct 24, 2013. 11:12 AM | 2 Likes Like |Link to Comment
  • Is Apple's Real Intrinsic Value Approaching $1000 A Share? [View article]
    platonicbomb, I too switched to a Mac in 2008 and never looked back. I was frustrated with the constant crashes and losing the internet connection and viruses and decided to give Apple a try. It was one of the best decisions I've ever made-not a single crash, no internet problems, totally reliable. Did I pay a little more for my Mac? Probably, but it was worth every penny. I subsequently went with the iPhone and iPad and am now a committed and happy Apple customer and investor. I'll never even consider going back to Microsoft.
    Oct 23, 2013. 10:37 AM | 2 Likes Like |Link to Comment
  • Is Apple's Real Intrinsic Value Approaching $1000 A Share? [View article]
    "The market would rather reward the potential for profit than the reality, and the steady drum beat of the press and bloggers has been disheartening for longs."

    fauxscot, this is what I find so crazy about this market. Amazon, Netflix, and Tesla are all good examples. Amazon especially is weird. The company has made 12 consecutive quarters of declining margins and profits culminating in actual losses, and the market has rewarded the stock with new all time highs! Amazon is valued at $150 billion and can't even earn a penny a share. So Amazon is valued at about 1/3 of Apple while Apple's earnings in one of it's slow quarters are 4 times Amazon's total earnings in it's history. Go figure.
    Oct 22, 2013. 11:07 AM | 14 Likes Like |Link to Comment
  • The True Objective Of The iPhone 5C [View article]
    Matthew, please see the article titled "10 New IOS 7 Features for the Enterprise" published on ZDNet today at the link below. I believe the answer to your question is yes.
    Sep 12, 2013. 10:13 AM | Likes Like |Link to Comment
  • The True Objective Of The iPhone 5C [View article]
    fatpitch2, At&t, TMobile, and Verizon have the same phones, Sprint has a different model. The chart at the link below spells it all out:
    Sep 10, 2013. 10:23 PM | Likes Like |Link to Comment
  • The True Objective Of The iPhone 5C [View article]
    Paulo, I think the 5C will gain market share in the US, Europe, Japan, and China for those folks that $100 is a big deal. They can now get a "new" iPhone for what used to get you last year's model. Those who can afford it will jump on the 5S bandwagon to have the latest and greatest. For people in the developing world who can't afford either the 5C or 5S the iPhone 4S and iPhone 4 will be the entry level iPhone. That segment is where Android has a huge majority of the market, but I don't think Apple cares much about market share in that segment-there's not much money there. Cheap Android phones will always win on the dirt cheap end of the market-Apple will never build a "dirt cheap" product....I hope.
    Sep 10, 2013. 09:17 PM | 2 Likes Like |Link to Comment
  • Apple - Waiting For iGodot [View article]
    "Samsung's operating profit for its handset division stood at $5.2 billion in the second quarter of 2013, according to research firm Strategy Analytics, compared to Apple's estimated iPhone operating profit of $4.6 billion. It marks the first time the Korean firm has overtaken its U.S. rival. "

    Strategy Analytics' conclusion has been proven to be grossly inaccurate and false. See the following article by Daniel Eran Dilger that provides comprehensive charts and analysis proving that Apple still leads in this category:
    Jul 31, 2013. 11:11 AM | 2 Likes Like |Link to Comment
  • Apple: It's Time To Move On [View article]
    "Apple has a moat, but it's not a particularly wide or deep one. Android is getting stronger each and every day, and Microsoft isn't sitting still with its Windows. I think that device makers, including Samsung, will face significant margin and ASP pressure, and I believe that Apple - having very little diversity in its product base - is particularly vulnerable to any such broad, secular mix shift towards cheaper phones that perhaps see a lengthening of their upgrade cycles as "good enough" becomes the mantra."

    Ashraf, I disagree with your conclusion, particularly regarding Apple's moat. I believe you underestimate Apple's moat; it's very wide and very deep. All the data that I have ever seen on the matter indicates that Apple's mobile ecosystem is very sticky-way more people switch from Android and Windows to IOS than the other way around. As IOS users invest more and more in apps and grow accustomed to the incredible user experience and customer service they are more and more unlikely to switch to Android or Windows. I believe the next iteration of IOS and the next couple of generations of iPhones will see a resurgence in sales to current customers who up-grade and new customers. Apple's margins may compress a little but will remain comfortably higher than the margins of it's competition. Time will tell who is right, but I believe by year end Apple stock will be significantly higher than today's share price.
    May 26, 2013. 01:45 PM | Likes Like |Link to Comment
  • Apple: Major Concerns Overstated And More Than Priced In [View article]
    I've been long Apple for several years now and I've been really pissed lately by the performance of Apple stock especially compared to Amazon given the fundamentals of the two companies. Finally, I've come to accept reality though, especially given the last few days. Apple is a classic example of a great company with a butt ugly stock; Amazon is a classic example of a butt ugly company with a great stock. It looks like Apple is going to break $400 before the week is out barring news on a dividend hike or some other miracle.
    Apr 1, 2013. 03:57 PM | 1 Like Like |Link to Comment
  • Meet The Latest Threat To Apple: The Samsung Galaxy S4 [View article]
    Michael, you're right on the reliability issue. A recent survey showed Apple's iPhones to be 3 times as reliable as Samsung's phones. That's a pretty huge disparity. Link follows:
    Mar 15, 2013. 10:46 AM | 4 Likes Like |Link to Comment
  • Apple: Learn From Andy Zaky's Mistake [View article]
    Jacob, I think you hit the nail on the head. From 2010 thru 2012 Apple showed phenomenal revenue and earnings growth but the P/E never reflected that. That's partly because analysts consistently underestimated the next years expected growth by significant margins. They typically came out with numbers between 18% and 20% which Apple blew away. Apple's growth was over 60%, yet it's P/E was only around the average of the S&P 500. Contrast that with Amazon, from 2010 thru 2012 analysts consistently over estimated Amazon's future earnings by huge margins driving the stock to new highs and P/E ratios that were huge. For example, just a couple of years ago Amazon was predicted to earn over $5 for 2012, a year in which they lost money. If ever there was a stock that exhibited "extreme bullishness" it is Amazon, not Apple.
    Mar 7, 2013. 11:08 AM | 7 Likes Like |Link to Comment
  • The Massive Underperformance Of Apple Vs. Amazon [View article]
    For several years I've been totally amazed at how the market has under appreciated and under valued Apple given it's amazing revenue and earnings growth. Between 2008 and 2012 Apple showed phenomenal growth numbers well beyond the S&P 500 average, yet it never attained the higher P/E that such growth warranted. However, as soon as signs of slowing growth emerged, the stock was knocked down as if it had been at a much higher P/E instead of just an average P/E. The result is the imbalance Paulo has pointed out with Amazon and even stocks like Dell. Today, believe it or not, even Dell has a higher P/E than Apple! Who would guess that a company would report the best earnings by any non-oil and gas company in the history of Wall St. and get so punished while Amazon would lose money for the year and make new highs. Truly bewildering.
    Mar 5, 2013. 09:07 PM | 7 Likes Like |Link to Comment
  • Einhorn's Apple Preferred Stock Dividend Solution [View article]
    As of Nov 2012 Einhorn's Greenlight Capital owned over 1,090,000 shares of Apple stock.
    Feb 7, 2013. 09:09 PM | Likes Like |Link to Comment
  • Can The Apple Tree Continue To Grow? [View article]
    Davel, you're spot on regarding IDC. Most of Apple's competitors and Samsung in particular report the number of units SHIPPED if they report anything at all. IDC seems to take these numbers and treat them as if they are units sold. This skews the data on smart phone and tablet market penetration in favor of Samsung and Android.
    Feb 4, 2013. 01:53 PM | 1 Like Like |Link to Comment
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