Apple (AAPL) is working on a cheaper iPhone that could launch later this year, the WSJ reports. One source says the device could resemble the regular iPhone, but "with a different, less-expensive body." The cheapest iPhone currently sold (the 8GB iPhone 4) goes for $450 unlocked, putting it out of the reach of many emerging markets buyers, as well as some prepaid buyers in developed markets. The fact low-end Android phones sell for much less (sometimes less than $150 unlocked) has done wonders for Android's international share. [View news story]
You did indeed. Jobs is dead and they really are dumping his legacy overboard just as fast as they can.
Over 40B apps have now been downloaded from the App Store, and nearly 20B were downloaded last year, Apple (AAPL) declares. The company adds developer payouts have topped $7B, and that there are over 500M active iTunes accounts (very useful for a mobile payments solution if Apple ever wants to launch one). The App Store still has a big edge on Google Play when it comes to app monetization, though the latter has been growing faster lately. [View news story]
You're buying *future* earnings. i.e. what is going to happen over the *next* p/e years? Yesterday's earnings have already happened and if you didn't own the stock then you didn't partake. Are apple's future earnings going to continue to grow exponentially, because that's what an exponentially growing stock price implies.
There are limits. Once everyone has an iPhone, where does further growth come from?
Did say the hedge funds would be dumping, they have already earned Apple's next few years earnings, and there's probably some more downside on the way. Being a fan boy isn't going to do your wallet any favours. Buy low, sell high not buy high sell low.
Apple's Margin Hike Sell-Off: Should You Care? [View article]
Hmm the fantasy is strong in this one.
China Mobile is the only carrier in China who can support 700 million customers. If 200 million go to China Unicom an China Telecom they won't be getting any phone calls.
The other thing is the iPhone 5 is not really an awesome phone. It's last years phone with an extra row of icons. i.e. You get a stagnation charge of $400 from Apple.
and finally, Chinese people earn 20%-50% of what Americans earn which is why they have all your jobs.
Apple's Margin Hike Sell-Off: Should You Care? [View article]
The iPhone is too expensive for China.
Mulitply it's price by 3 in dollars to estimate how Chinese people will see it's pricing. And then the Lumia 920 is already there, which is just a better phone all round.
I've been assuming Nokia would have a terrible Q4, releasing the phone only half the way through November with the WP7 stock discounted because of people waiting but they're clearly selling out everything they can build & ship. Q4 may surprise positively.
Is the iPhone (AAPL) losing its hold on China? Android has been rapidly gaining followers in the country, and not just among low-end users who can't afford Apple's newest model. "China has had a series of love affairs with one phone manufacturer after another," notes one local consultant. Two reasons not to count Apple out: we're just a few months removed from a blowout quarter for Chinese sales, and the iPhone 4 price cut means Apple can now go after mid-range users with a phone sporting a retina display. (also) [View news story]
Wouldn't count your chickens.
Chinese people are fickle, they look for the latest and greatest technologies but on a budget. Neither of which could really be said to apply to the iPhone 5. It's more a warmed over rehash of yesterday's technology optimised to increase 50% operating margins further.
The iPhone 5 (AAPL -0.1%) is announced. It's 7.6mm thick and weighs just 112 grams - that makes it 18% thinner and 20% lighter than the iPhone 4S. As expected, it has a 4" retina display (still much smaller than many Android phones), A6 processor (said to be 2x faster than the A5), and 4G LTE support. Apple also boasts the new display delivers better image quality thanks to its use of in-cell touch panels. (live blog) (more) [View news story]
Yup. Steve Jobs is dead. All that's left are suits.
Could Apple (AAPL) someday be worth $2T? That seems plausible to James Altucher: "Last quarter, Apple’s earnings growth was about 90% Y/Y. That means... it’s not unreasonable for Apple to trade for 90x earnings. In the past 12 months, the company earned $20B; 90x that is $1.8T." And Altucher's math doesn't even consider the potential for accelerating growth. (earlier) [View news story]
Sure why not. The way Ben is printing, I can be a trillionaire as well.
You may not see it when you look at your paycheck, but you just took a pay cut, as wages remain stagnant while inflation surges. "Bernanke has created an environment of high corporate profits and falling wages, which makes it cheaper to hire and, voila, the unemployment rate goes down [but] if companies do not hire before inflation takes hold, then the entire experiment fails." [View news story]
The problem with cheaper (younger, less experienced) people, is that they make dumb and expensive mistakes. Experienced employees have already made the dumb mistakes in their past and simply avoid making them again.
I find it amusing for example that the tech industry where this is most prevalent makes the same set of mistakes every 10 years or so.
Another In-Your-Face-Rally With Little Provocation [View article]
Thirded with Egg.
I am long energy, commodities & have been since the bump in 2008.
The reasons being peak oil and the resulting money printing which the politicians and bankers will enact. I fully expect there to be another crash in 3.... 2.... 1.... in fact, I expect there to be a series of them over the coming decade, until we can transition to alternative energy sources, but this time the politicians and central banks are ready for it and will implement QE3 ..... N.
I expect a couple of decades of inflation. It's the cure for all ills. Didn't you know?
Something Spooky About the Way This Rally Is Unfolding [View article]
We all know it's a Ponzi scheme so are all playing musical chairs. The secret of Ponzi is to be in early and get out *just* before the music stops, isn't that what you all are listening for? The organ grinder is grinding away.
Tell you what. He's just going to keep on grinding because the alternative is Egypt and Libya. Welcome to the world post peak.
What the world really needs is for the banks to be allowed to die off of their own toxic consumption and for the monetary system to be replaced by something sane instead.
Apple (AAPL) is working on a cheaper iPhone that could launch later this year, the WSJ reports. One source says the device could resemble the regular iPhone, but "with a different, less-expensive body." The cheapest iPhone currently sold (the 8GB iPhone 4) goes for $450 unlocked, putting it out of the reach of many emerging markets buyers, as well as some prepaid buyers in developed markets. The fact low-end Android phones sell for much less (sometimes less than $150 unlocked) has done wonders for Android's international share. [View news story]
Over 40B apps have now been downloaded from the App Store, and nearly 20B were downloaded last year, Apple (AAPL) declares. The company adds developer payouts have topped $7B, and that there are over 500M active iTunes accounts (very useful for a mobile payments solution if Apple ever wants to launch one). The App Store still has a big edge on Google Play when it comes to app monetization, though the latter has been growing faster lately. [View news story]
There are limits. Once everyone has an iPhone, where does further growth come from?
http://read.bi/XD4Un9
Did say the hedge funds would be dumping, they have already earned Apple's next few years earnings, and there's probably some more downside on the way. Being a fan boy isn't going to do your wallet any favours. Buy low, sell high not buy high sell low.
Apple: A Mixed Bag Of Competing Considerations From Fundamental To Technical [View article]
Says everything.
http://dthin.gs/12g1qaD
Apple's Margin Hike Sell-Off: Should You Care? [View article]
China Mobile is the only carrier in China who can support 700 million customers. If 200 million go to China Unicom an China Telecom they won't be getting any phone calls.
The other thing is the iPhone 5 is not really an awesome phone. It's last years phone with an extra row of icons. i.e. You get a stagnation charge of $400 from Apple.
and finally, Chinese people earn 20%-50% of what Americans earn which is why they have all your jobs.
Apple's Margin Hike Sell-Off: Should You Care? [View article]
Mulitply it's price by 3 in dollars to estimate how Chinese people will see it's pricing. And then the Lumia 920 is already there, which is just a better phone all round.
Beware Of Research In Motion And Nokia Near Year-End [View article]
http://amzn.to/TU9rdv
Even the 820s are selling out. wow.
I've been assuming Nokia would have a terrible Q4, releasing the phone only half the way through November with the WP7 stock discounted because of people waiting but they're clearly selling out everything they can build & ship. Q4 may surprise positively.
Steve Elop Helps Ease Some Worries Regarding Nokia [View article]
Is the iPhone (AAPL) losing its hold on China? Android has been rapidly gaining followers in the country, and not just among low-end users who can't afford Apple's newest model. "China has had a series of love affairs with one phone manufacturer after another," notes one local consultant. Two reasons not to count Apple out: we're just a few months removed from a blowout quarter for Chinese sales, and the iPhone 4 price cut means Apple can now go after mid-range users with a phone sporting a retina display. (also) [View news story]
Chinese people are fickle, they look for the latest and greatest technologies but on a budget. Neither of which could really be said to apply to the iPhone 5. It's more a warmed over rehash of yesterday's technology optimised to increase 50% operating margins further.
(Long NOK :))
The iPhone 5 (AAPL -0.1%) is announced. It's 7.6mm thick and weighs just 112 grams - that makes it 18% thinner and 20% lighter than the iPhone 4S. As expected, it has a 4" retina display (still much smaller than many Android phones), A6 processor (said to be 2x faster than the A5), and 4G LTE support. Apple also boasts the new display delivers better image quality thanks to its use of in-cell touch panels. (live blog) (more) [View news story]
Could Apple (AAPL) someday be worth $2T? That seems plausible to James Altucher: "Last quarter, Apple’s earnings growth was about 90% Y/Y. That means... it’s not unreasonable for Apple to trade for 90x earnings. In the past 12 months, the company earned $20B; 90x that is $1.8T." And Altucher's math doesn't even consider the potential for accelerating growth. (earlier) [View news story]
You may not see it when you look at your paycheck, but you just took a pay cut, as wages remain stagnant while inflation surges. "Bernanke has created an environment of high corporate profits and falling wages, which makes it cheaper to hire and, voila, the unemployment rate goes down [but] if companies do not hire before inflation takes hold, then the entire experiment fails." [View news story]
I find it amusing for example that the tech industry where this is most prevalent makes the same set of mistakes every 10 years or so.
Another In-Your-Face-Rally With Little Provocation [View article]
I am long energy, commodities & have been since the bump in 2008.
The reasons being peak oil and the resulting money printing which the politicians and bankers will enact. I fully expect there to be another crash in 3.... 2.... 1.... in fact, I expect there to be a series of them over the coming decade, until we can transition to alternative energy sources, but this time the politicians and central banks are ready for it and will implement QE3 ..... N.
I expect a couple of decades of inflation. It's the cure for all ills. Didn't you know?
Something Spooky About the Way This Rally Is Unfolding [View article]
Tell you what. He's just going to keep on grinding because the alternative is Egypt and Libya. Welcome to the world post peak.
U.S. Debt Default, Dollar Collapse Altogether Likely [View article]
> True the US has never done that before, but then the US has never
> been so badly managed before.
April 5th 1933
August 15th 1971
The USA has defaulted several times.
Banks: The Final Countdown? [View article]