Is Apple Worth More Dead Than Alive? [View article]
The author is a bull. His calculation is meant to show that even adding together the dismembered parts yields a share price not too distant from the current price.
In our either or world it becomes exciting to think up new dichotomies: new battles between "good" and "evil" But things are rarely so cut and dry. Apple had amassed 145 billion dollars. They simply had too much money to know what to productively do with it.
It probably just IS too much money to be put to any single purpose. So they bought back shares. This will net them a little interest as the interest rate on the loan is lower than the dividend they would have otherwise paid, and it might net them bigger returns down the line as the company prospers and they could reissue shares.
If you really need a 145 billion dollars to "innovate" then how did Apple do it back in the day? How do startups on shoe string budgets generate so many great ideas?
They need to keep developing, but you simply don't need that much cash to do it.
Demystifying The Microsoft/Apple Comparison Argument [View article]
Richbar: wouldn't your comments be more useful to everyone, and more intriguing for yourself as a writer, if you shared some of your reasoning and not just your conclusion issued as oracular prophecy?
Demystifying The Microsoft/Apple Comparison Argument [View article]
Indeed, consumer tech companies rarely undertake the kind of fundamental research that truly develops cutting edge technology. IBM is an interesting case, as it has aspects of the organization that function more like a university science department, specifically computer science and engineering of course.
Most tech companies are engineering firms which shape existing technology into useful forms. They don't reinvent the wheel they reinvent the way we use wheels.
So when asking yourself about tech companies don't ask who has the best tech? Ask yourself who has the best understanding of how people use technology in their lives?
Demystifying The Microsoft/Apple Comparison Argument [View article]
What about drastically increasing their presence in India which led to a spike in sales and caused Samsung to immediately cut prices? What about the plan to build some 20 Apple stores in China over the next couple years?
What about switching away from Samsung as a supplier? What about the newly instated payment plans that allow less affluent customers to buy Apple products? What about the lower priced content on Itunes India?
I understand the frustration, I even understand looking wistfully towards the heyday of Steve Jobs, but it seems to me they are planting many seeds, if you look closely.
New versions of iOS and Mac OS X will be unveiled at Apple's (AAPL +0.8%) June 10-14 WWDC conference, the company announces. Meanwhile, with shares near $400, the sell-side is much more cautious in its post-earnings comments than it was at higher levels. "These Apples won't harvest before fall," writes Deutsche's Chris Whitmore, disappointed at earnings call remarks suggesting major product launches won't arrive until autumn. "Apple needs to introduce a 5-inch iPhone, a new 5S, and a low cost iPhone." Jim Cramer wasn't pleased with the call either. "This is the kind of conference call that was a revolt against management ... management is in complete denial." (previous) [View news story]
also, an estimated 5 billion more people will be buying a smart device and getting online for the first time within the next 5 years, according to Eric Schmidt CEO of Google, and FYI that's just extrapolated from the growth rate of the Internet. Do we really believe that Apple won't participate in that lucratively? Is that realistic? The elephant in the room is that Elephants are difficult to evict.
And the comparisons to companies past, though well intentioned cautionary tales, don't really hold water. Nokia never had iTunes, the App Store, a whole line of integrated devices storing all of our digital content.
And you may say, it's becoming easy to switch, so be it. But think about it iOS has hundreds of millions of users, android does as well.
If its easy to move in one direction, it will be easy to move in the other as well. I'd say realistic worst case scenario for Apple, the rival ecosystems keep roughly the same market share going forward . That leaves Apple with over a billion users in a few years,
New versions of iOS and Mac OS X will be unveiled at Apple's (AAPL +0.8%) June 10-14 WWDC conference, the company announces. Meanwhile, with shares near $400, the sell-side is much more cautious in its post-earnings comments than it was at higher levels. "These Apples won't harvest before fall," writes Deutsche's Chris Whitmore, disappointed at earnings call remarks suggesting major product launches won't arrive until autumn. "Apple needs to introduce a 5-inch iPhone, a new 5S, and a low cost iPhone." Jim Cramer wasn't pleased with the call either. "This is the kind of conference call that was a revolt against management ... management is in complete denial." (previous) [View news story]
I watched Cramer for several months. The basic tennats of his investing philosophy were sound: look at the balance sheet, understand the industry, pick best in breed. But if you watch the calls he actually makes, it's pure trend following. A couple of quarters ago he was ranting about staying away from google. Then Google was much loved. The fundamentals had not changed.
New versions of iOS and Mac OS X will be unveiled at Apple's (AAPL +0.8%) June 10-14 WWDC conference, the company announces. Meanwhile, with shares near $400, the sell-side is much more cautious in its post-earnings comments than it was at higher levels. "These Apples won't harvest before fall," writes Deutsche's Chris Whitmore, disappointed at earnings call remarks suggesting major product launches won't arrive until autumn. "Apple needs to introduce a 5-inch iPhone, a new 5S, and a low cost iPhone." Jim Cramer wasn't pleased with the call either. "This is the kind of conference call that was a revolt against management ... management is in complete denial." (previous) [View news story]
the problem is whatever features BB has Apple can assimilate, when they do bb will stack lack everything else,
New versions of iOS and Mac OS X will be unveiled at Apple's (AAPL +0.8%) June 10-14 WWDC conference, the company announces. Meanwhile, with shares near $400, the sell-side is much more cautious in its post-earnings comments than it was at higher levels. "These Apples won't harvest before fall," writes Deutsche's Chris Whitmore, disappointed at earnings call remarks suggesting major product launches won't arrive until autumn. "Apple needs to introduce a 5-inch iPhone, a new 5S, and a low cost iPhone." Jim Cramer wasn't pleased with the call either. "This is the kind of conference call that was a revolt against management ... management is in complete denial." (previous) [View news story]
I distinctly recall Jim recommending dell a year or so ago.
Apple: How To Admit You're Out Of Ideas [View article]
exactly. Think about ways to spend 100 billion. You can buy companies or countries or perhaps the worlds largest art collection.
BIG mergers tend not to work, and are very likely to harm a company with a culture as distinctive as Apple's and r and d although expensive, is simply not that expensive, it depends more on people working together to generate creative ideas.
So there is almost nothing else to be done with that much money. And oh by the way, they are keeping plenty! they would have some 55 billion even if they bought every penny of stock today.
Verizon's (VZ +3.4%) 4M iPhone activations represented a 25% Y/Y increase, and 56% of total smartphone activations. For the second quarter in a row, the iPhone 5 made up about half of activations. But in spite of Verizon's numbers and a bullish JPMorgan note, Apple (AAPL -1.7%) has fallen below $400. With a major divergence having opened up between the iPhone's U.S. and international performance, the Street may have begun discounting the implications of Verizon/AT&T/Sprint sales for global results. [View news story]
so you have stable growth rates domestically, globally And stable asps, tell me why the iPhone is in trouble, oh and it's doing this in the face of a media and advertising blitz from the competition.
Verizon's (VZ +3.4%) 4M iPhone activations represented a 25% Y/Y increase, and 56% of total smartphone activations. For the second quarter in a row, the iPhone 5 made up about half of activations. But in spite of Verizon's numbers and a bullish JPMorgan note, Apple (AAPL -1.7%) has fallen below $400. With a major divergence having opened up between the iPhone's U.S. and international performance, the Street may have begun discounting the implications of Verizon/AT&T/Sprint sales for global results. [View news story]
again, not supported by data. look at last quarter, 18 million us activation up from about 13.6 a year ago that's about 33 percent
30 million ROW phones up from about 24 a year ago that's 30 percent growth internationally.
ASP was basically stable indicating stable new to old mix.
Verizon's (VZ +3.4%) 4M iPhone activations represented a 25% Y/Y increase, and 56% of total smartphone activations. For the second quarter in a row, the iPhone 5 made up about half of activations. But in spite of Verizon's numbers and a bullish JPMorgan note, Apple (AAPL -1.7%) has fallen below $400. With a major divergence having opened up between the iPhone's U.S. and international performance, the Street may have begun discounting the implications of Verizon/AT&T/Sprint sales for global results. [View news story]
humble, that really oughtn't to be a big deal. The drop off quarter to quarter is not a meaningful number. If we started playing numerical games like that, we could find a million false flags.
but it's not as if we are starting from scratch. Apple already has ITunes, the App Store etc. Other companies have to build that, which means content deals, brand promotion etc. Apple isn't sleeping either.
Is Apple Worth More Dead Than Alive? [View article]
Apple: Dividend Growth Investor's Dream? [View article]
It probably just IS too much money to be put to any single purpose. So they bought back shares. This will net them a little interest as the interest rate on the loan is lower than the dividend they would have otherwise paid, and it might net them bigger returns down the line as the company prospers and they could reissue shares.
If you really need a 145 billion dollars to "innovate" then how did Apple do it back in the day? How do startups on shoe string budgets generate so many great ideas?
They need to keep developing, but you simply don't need that much cash to do it.
Demystifying The Microsoft/Apple Comparison Argument [View article]
Demystifying The Microsoft/Apple Comparison Argument [View article]
Most tech companies are engineering firms which shape existing technology into useful forms. They don't reinvent the wheel they reinvent the way we use wheels.
So when asking yourself about tech companies don't ask who has the best tech? Ask yourself who has the best understanding of how people use technology in their lives?
For my money, that's Apple.
Demystifying The Microsoft/Apple Comparison Argument [View article]
What about switching away from Samsung as a supplier? What about the newly instated payment plans that allow less affluent customers to buy Apple products? What about the lower priced content on Itunes India?
I understand the frustration, I even understand looking wistfully towards the heyday of Steve Jobs, but it seems to me they are planting many seeds, if you look closely.
New versions of iOS and Mac OS X will be unveiled at Apple's (AAPL +0.8%) June 10-14 WWDC conference, the company announces. Meanwhile, with shares near $400, the sell-side is much more cautious in its post-earnings comments than it was at higher levels. "These Apples won't harvest before fall," writes Deutsche's Chris Whitmore, disappointed at earnings call remarks suggesting major product launches won't arrive until autumn. "Apple needs to introduce a 5-inch iPhone, a new 5S, and a low cost iPhone." Jim Cramer wasn't pleased with the call either. "This is the kind of conference call that was a revolt against management ... management is in complete denial." (previous) [View news story]
And the comparisons to companies past, though well intentioned cautionary tales, don't really hold water. Nokia never had iTunes, the App Store, a whole line of integrated devices storing all of our digital content.
And you may say, it's becoming easy to switch, so be it. But think about it iOS has hundreds of millions of users, android does as well.
If its easy to move in one direction, it will be easy to move in the other as well. I'd say realistic worst case scenario for Apple, the rival ecosystems keep roughly the same market share going forward . That leaves Apple with over a billion users in a few years,
That's a lot of potential to monetize.
New versions of iOS and Mac OS X will be unveiled at Apple's (AAPL +0.8%) June 10-14 WWDC conference, the company announces. Meanwhile, with shares near $400, the sell-side is much more cautious in its post-earnings comments than it was at higher levels. "These Apples won't harvest before fall," writes Deutsche's Chris Whitmore, disappointed at earnings call remarks suggesting major product launches won't arrive until autumn. "Apple needs to introduce a 5-inch iPhone, a new 5S, and a low cost iPhone." Jim Cramer wasn't pleased with the call either. "This is the kind of conference call that was a revolt against management ... management is in complete denial." (previous) [View news story]
New versions of iOS and Mac OS X will be unveiled at Apple's (AAPL +0.8%) June 10-14 WWDC conference, the company announces. Meanwhile, with shares near $400, the sell-side is much more cautious in its post-earnings comments than it was at higher levels. "These Apples won't harvest before fall," writes Deutsche's Chris Whitmore, disappointed at earnings call remarks suggesting major product launches won't arrive until autumn. "Apple needs to introduce a 5-inch iPhone, a new 5S, and a low cost iPhone." Jim Cramer wasn't pleased with the call either. "This is the kind of conference call that was a revolt against management ... management is in complete denial." (previous) [View news story]
New versions of iOS and Mac OS X will be unveiled at Apple's (AAPL +0.8%) June 10-14 WWDC conference, the company announces. Meanwhile, with shares near $400, the sell-side is much more cautious in its post-earnings comments than it was at higher levels. "These Apples won't harvest before fall," writes Deutsche's Chris Whitmore, disappointed at earnings call remarks suggesting major product launches won't arrive until autumn. "Apple needs to introduce a 5-inch iPhone, a new 5S, and a low cost iPhone." Jim Cramer wasn't pleased with the call either. "This is the kind of conference call that was a revolt against management ... management is in complete denial." (previous) [View news story]
Apple: How To Admit You're Out Of Ideas [View article]
BIG mergers tend not to work, and are very likely to harm a company with a culture as distinctive as Apple's and r and d although expensive, is simply not that expensive, it depends more on people working together to generate creative ideas.
So there is almost nothing else to be done with that much money. And oh by the way, they are keeping plenty! they would have some 55 billion even if they bought every penny of stock today.
Verizon's (VZ +3.4%) 4M iPhone activations represented a 25% Y/Y increase, and 56% of total smartphone activations. For the second quarter in a row, the iPhone 5 made up about half of activations. But in spite of Verizon's numbers and a bullish JPMorgan note, Apple (AAPL -1.7%) has fallen below $400. With a major divergence having opened up between the iPhone's U.S. and international performance, the Street may have begun discounting the implications of Verizon/AT&T/Sprint sales for global results. [View news story]
Verizon's (VZ +3.4%) 4M iPhone activations represented a 25% Y/Y increase, and 56% of total smartphone activations. For the second quarter in a row, the iPhone 5 made up about half of activations. But in spite of Verizon's numbers and a bullish JPMorgan note, Apple (AAPL -1.7%) has fallen below $400. With a major divergence having opened up between the iPhone's U.S. and international performance, the Street may have begun discounting the implications of Verizon/AT&T/Sprint sales for global results. [View news story]
30 million ROW phones up from about 24 a year ago that's 30 percent growth internationally.
ASP was basically stable indicating stable new to old mix.
Verizon's (VZ +3.4%) 4M iPhone activations represented a 25% Y/Y increase, and 56% of total smartphone activations. For the second quarter in a row, the iPhone 5 made up about half of activations. But in spite of Verizon's numbers and a bullish JPMorgan note, Apple (AAPL -1.7%) has fallen below $400. With a major divergence having opened up between the iPhone's U.S. and international performance, the Street may have begun discounting the implications of Verizon/AT&T/Sprint sales for global results. [View news story]
Why Apple Is Floundering And The Stock Price Is Down [View article]
Apple's Story: Only The Beginning? [View article]