Pres. Obama confirms three new cabinet nominations: Sylvia Burwell, currently leading Wal-Mart's charitable organization, as director of the Office of Management and Budget; Ernest Moniz, an MIT physicist and former energy undersecretary, as head of the Energy Department; and Gina McCarthy, who runs the EPA's air quality office, to direct the EPA. [View news story]
I think it's funny that Obama nominated Wal-Mart's charitable organization leader to director of the Office of Management and Budget. That can't be a coincidence.
@Ryche: You're missing the point, but this conversation will go on forever if we continue... EPS growth rate declined substantially and for the most recent quarter turned negative. This should be of some concern to investors... Obviously they're not going bankrupt per your sarcastic comment, but it is a concern. P/E doesn't look as good if negative EPS growth ensues; still relatively low, but not as strong. I figured some of you readers would understand this. FYI, I'm not an Apple bear and I enjoy / like the company's products.
@red: One definition of "contraction" means shrinking. How is Apple's EPS not shrinking when you compare Q1 of this year to Q1 of last year? Diluted EPS of $13.81/share for quarter ended 12/29/12 and diluted EPS of $13.87/share for the quarter ended 12/31/11. That's considered negative growth.
About visibility: I meant Apple investors have little visibility into the future. How do you have any idea what's going to drive Apple's earnings in 5 years, let alone 3 years?
@red: You're right. There are no other great investments out there. In fact everyone should just put 100% of their portfolio in Apple because it's "guaranteed" to make money. In the meantime, you've been losing money on Apple and others have been making money either in an index fund, many other stock picks, preferreds, even currencies. The problem is Apple is a tech company with lots of competition and very little visibility into the future. You can do all the arithmetic you want but Apple is still going down... Don't be mad because you're losing money and you don't understand it.
EPS contraction in the most recent quarter compared to prior year comparable quarter. Say what you like but the market thinks that Apple's growth days are over. That's not too far fetched. If zero or negative growth ensues Apple's "extremely" low P/E ratio looks more reasonable. Competition and supply chain constraints are two serious issues here. Nothing I say will change your mind though bgold. Good luck with your investments.
It doesn't matter what you think Apple is worth; it only matters at what price Apple trades. You can kick and scream all you want, but Apple is $457/share and the technicals are still negative. Growth will likely slow significantly and margins will likely contract from here unless Apple releases another new, high margin product no one else will offer. A great company isn't necessarily a great investment. Too many people have fallen in love with Apple stock. There are plenty of other great investments out there.
HTC's new One Android phone is its latest bid to stay relevant ... and it might just do the job. Sporting a unibody design that borrows a page or three from the iPhone 5, the One comes with a 4.7" 1080p display, front stereo speakers, a quad-core Qualcomm (QCOM) Snapdragon 600 processor, and a camera that boasts strong low-light performance (but only a 4MP sensor). Initial hands-on impressions are mostly positive. The device's launch comes a month ahead of an expected Samsung (SSNLF.PK) Galaxy S IV event. [View news story]
Looks like a great phone with cool features. If HTC plays it right it looks like this phone could be a winner. S IV release may overshadow this phone's release though.
Apple (AAPL) has slashed prices for three 13" MacBook models. The price of the 13" retina MacBook Pro with 128GB SSD has been cut by $200 to $1,499, and the 256GB model by $300 to $1,699. Meanwhile, the 13" MacBook Air with 256GB SSD has been cut by $100 to $1,399. Apple's 15" retina MacBook Pro models remain priced at $2,199 and $2,799, but both have been given faster Intel Core i7 CPUs, and the costlier model now sports twice as much RAM. The moves follow a quarter where Mac shipments fell 22% Y/Y, and revenue 16%. (PR) [View news story]
Apple (AAPL) has slashed prices for three 13" MacBook models. The price of the 13" retina MacBook Pro with 128GB SSD has been cut by $200 to $1,499, and the 256GB model by $300 to $1,699. Meanwhile, the 13" MacBook Air with 256GB SSD has been cut by $100 to $1,399. Apple's 15" retina MacBook Pro models remain priced at $2,199 and $2,799, but both have been given faster Intel Core i7 CPUs, and the costlier model now sports twice as much RAM. The moves follow a quarter where Mac shipments fell 22% Y/Y, and revenue 16%. (PR) [View news story]
Mac unit sales fell 22% and revenue 16% from Q1 2012 to Q1 2013 and you think Apple is coming out with a new model for Mac? Doubtful...
Apple (AAPL) has slashed prices for three 13" MacBook models. The price of the 13" retina MacBook Pro with 128GB SSD has been cut by $200 to $1,499, and the 256GB model by $300 to $1,699. Meanwhile, the 13" MacBook Air with 256GB SSD has been cut by $100 to $1,399. Apple's 15" retina MacBook Pro models remain priced at $2,199 and $2,799, but both have been given faster Intel Core i7 CPUs, and the costlier model now sports twice as much RAM. The moves follow a quarter where Mac shipments fell 22% Y/Y, and revenue 16%. (PR) [View news story]
Margin compression for the investor and a few extra dollars in the pocket for the consumer.
@JUDOKA: I'm not sure what you're getting at, but I'm referring to the concept that a fundamental analysis of Apple yields an undervalued stock. However, this has been the case for quite some time. Maybe "manipulation" was the incorrect word choice, but the point is that Apple is not being recognized by the market for the market leader it is and the significant cash flow generation Apple achieves. I exited out of Apple because it appears that fundamental analysis achieves little in determining expected return in AAPL.
I was long Apple and have never shorted Apple... I am no longer long Apple (no positions in the stock). It seems like too much manipulation going on in the stock for me to handle. As for your other comment, I had never previously used a Galaxy S3 before. Upon reviewing the phone selections with my brother I was impressed with the S3. I'm not taking aware from the iPhone because it is very reliable and has good batter life in my experience, but I feel as though the S3 offers a better user experience (and I was surprised that I liked the bigger screen).
I'm in the camp that thinks the iPhone 5 is inferior to the Galaxy S3 and will likely be switching to a Samsung phone upon upgrade (currently an iPhone user). My brother recently upgraded to an S3 and it is incredible! More features, bigger/more colorful screen, and I like the customization factor.
January Nonfarm Payrolls:+157K vs. consensus +160K, 196K previous (revised from 155K). Unemployment rate 7.9% vs. consensus 7.8%, 7.8% previous. [View news story]
@IT: I understand where you're coming from. Also note though that the previous two months were revised significantly higher.
"The change in total nonfarm payroll employment for November was revised from +161,000 to +247,000, and the change for December was revised from +155,000 to +196,000."
The BlackBerry Z10 (BBRY +1.4%) will hit AT&T store shelves on March 22, says Bloomberg - N4BB previously reported of a March 15 launch. Separately, Jefferies' Peter Misek, who upgraded shares on Jan. 18, says his checks indicate no Z10 inventory buildup, and that any price cuts are normal for a new smartphone. Pac Crest had reported different findings. [View news story]
Pres. Obama confirms three new cabinet nominations: Sylvia Burwell, currently leading Wal-Mart's charitable organization, as director of the Office of Management and Budget; Ernest Moniz, an MIT physicist and former energy undersecretary, as head of the Energy Department; and Gina McCarthy, who runs the EPA's air quality office, to direct the EPA. [View news story]
Apple Is Not Worth $460 [View article]
Apple Is Not Worth $460 [View article]
About visibility: I meant Apple investors have little visibility into the future. How do you have any idea what's going to drive Apple's earnings in 5 years, let alone 3 years?
Clearly you disagree with me and that's fine.
Apple Is Not Worth $460 [View article]
Apple Is Not Worth $460 [View article]
Apple Is Not Worth $460 [View article]
HTC's new One Android phone is its latest bid to stay relevant ... and it might just do the job. Sporting a unibody design that borrows a page or three from the iPhone 5, the One comes with a 4.7" 1080p display, front stereo speakers, a quad-core Qualcomm (QCOM) Snapdragon 600 processor, and a camera that boasts strong low-light performance (but only a 4MP sensor). Initial hands-on impressions are mostly positive. The device's launch comes a month ahead of an expected Samsung (SSNLF.PK) Galaxy S IV event. [View news story]
Apple (AAPL) has slashed prices for three 13" MacBook models. The price of the 13" retina MacBook Pro with 128GB SSD has been cut by $200 to $1,499, and the 256GB model by $300 to $1,699. Meanwhile, the 13" MacBook Air with 256GB SSD has been cut by $100 to $1,399. Apple's 15" retina MacBook Pro models remain priced at $2,199 and $2,799, but both have been given faster Intel Core i7 CPUs, and the costlier model now sports twice as much RAM. The moves follow a quarter where Mac shipments fell 22% Y/Y, and revenue 16%. (PR) [View news story]
Apple (AAPL) has slashed prices for three 13" MacBook models. The price of the 13" retina MacBook Pro with 128GB SSD has been cut by $200 to $1,499, and the 256GB model by $300 to $1,699. Meanwhile, the 13" MacBook Air with 256GB SSD has been cut by $100 to $1,399. Apple's 15" retina MacBook Pro models remain priced at $2,199 and $2,799, but both have been given faster Intel Core i7 CPUs, and the costlier model now sports twice as much RAM. The moves follow a quarter where Mac shipments fell 22% Y/Y, and revenue 16%. (PR) [View news story]
Apple (AAPL) has slashed prices for three 13" MacBook models. The price of the 13" retina MacBook Pro with 128GB SSD has been cut by $200 to $1,499, and the 256GB model by $300 to $1,699. Meanwhile, the 13" MacBook Air with 256GB SSD has been cut by $100 to $1,399. Apple's 15" retina MacBook Pro models remain priced at $2,199 and $2,799, but both have been given faster Intel Core i7 CPUs, and the costlier model now sports twice as much RAM. The moves follow a quarter where Mac shipments fell 22% Y/Y, and revenue 16%. (PR) [View news story]
Will Apple Get Its Mojo Back? [View article]
Will Apple Get Its Mojo Back? [View article]
Will Apple Get Its Mojo Back? [View article]
I'm in the camp that thinks the iPhone 5 is inferior to the Galaxy S3 and will likely be switching to a Samsung phone upon upgrade (currently an iPhone user). My brother recently upgraded to an S3 and it is incredible! More features, bigger/more colorful screen, and I like the customization factor.
January Nonfarm Payrolls: +157K vs. consensus +160K, 196K previous (revised from 155K). Unemployment rate 7.9% vs. consensus 7.8%, 7.8% previous. [View news story]
"The change in total nonfarm payroll employment for November was revised from +161,000 to +247,000, and the change for December was revised from +155,000 to +196,000."