Jack Baker

Jack Baker
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  • Apple closes first negative year since 2008  [View news story]
    Sorry, 85% of all global mobile ecommerce is done on an Apple device. Apple owns the gateway to global mobile ecommerce. Much more important that being an online store with razor thin to no margins.
    Jan 1, 2016. 12:54 PM | 10 Likes Like |Link to Comment
  • Apple closes first negative year since 2008  [View news story]
    I disagree. The current price already has priced-in declining YOY iphone sales.
    Jan 1, 2016. 12:50 PM | 8 Likes Like |Link to Comment
  • Apple's Q1 Looks Certain To Disappoint  [View article]
    I was concerned by the headline...then I saw the author.
    Dec 30, 2015. 12:23 PM | 19 Likes Like |Link to Comment
  • Apple Investors Are Now Weighing The Impact Of Future Tax Increases  [View article]
    "The market is discounting the stock due to taxes, trouble with iPhone shipments, and weakening market sentiment."

    It's funny how you state this as fact as a main tenant of your article. When, in fact, none of it is fact. The market "perceives" that there is trouble with iPhone shipments and weakening market sentiment. I wouldn't say it's "due" to these problems. This specious perception has been driven by a few feckless Wall Street analysts trying to justify their existence with non-consensus views supported by anecdotal supply chain data. History has proven these types of efforts to be futile; and, more importantly, wrong. Cook has repeatedly told them not to do this as it's a fool's errand. And, apparently many errands have been run this quarter.

    I feel that these incorrect calls have exasperated the normal December selling in Apple for funds to raise cash for redemptions. Hedge Funds have gotten really banged-up this year. Many will shutter in the next few months. Apple is widely held among Hedge Funds and it is a very liquid stock. Also, there has been some speculation about Sovereign Wealth Funds from oil nations selling their position in Apple to raise capital reserves in the wake of cratering oil prices. So, I don't think the sell-off in Apple is entirely attributable to the market's erroneous perception that iPhone sales have weakened dramatically for Apple. Nor do I think that Cook would have allowed an expose on 60 minutes if Apple weren't still firing on all cylinders.

    In every S cycle since the inception of the iPhone the sales of iPhones have increased over the previous year's iteration. That will not chance this cycle. The only difference with be a massive positive surprise on Apple Watch sales which were nonexistent at this time last year. Also, 55 million users on Apple Music is nothing to sneeze at. Apple is gaining momentum on a lot of fronts all in the wake of massive positive free cash flow and an ever shrinking float.

    Oh, and I also believe the government will crater on the corporate tax rates before Apple has to repatriate the foreign capital. Cook threw down the saber on Sunday night on 60 minutes and let the democrats know that he will not tolerate being mischaracterized as a tax cheat. And, with 200 billion in the bank, he might be the most powerful man in America. The rest of corporate America agrees with him and that is a lot of lobby dollars in Washington.
    Dec 22, 2015. 11:10 AM | 18 Likes Like |Link to Comment
  • BlackBerry Is A Better Stock Than Apple For 2016  [View article]
    Without end to end encryption with no back doors there is neither.
    Dec 21, 2015. 06:15 PM | Likes Like |Link to Comment
  • Apple: Tim Cook For President  [View article]
    "irregardless of where sales occur." Irregardless is not a word.

    And, it is Apple's fiduciary duty not to pay one penny more in taxes than they are legally required to pay. "Regardless" of those who speciously mischaracterize Apple as a tax cheat.
    Dec 21, 2015. 06:11 PM | 5 Likes Like |Link to Comment
  • "Total political crap" - Tim Cook on claims Apple evades taxes  [View news story]
    Simple. Because its legal. The same reason you are able to avoid taxes by taking deductions.
    Dec 20, 2015. 06:35 PM | 35 Likes Like |Link to Comment
  • BlackBerry Is A Better Stock Than Apple For 2016  [View article]
    I believe it will get easier for you to ignore after January 26th.
    Dec 19, 2015. 05:19 PM | 7 Likes Like |Link to Comment
  • BlackBerry Is A Better Stock Than Apple For 2016  [View article]
    6372381

    Surely you jest.
    Dec 19, 2015. 05:18 PM | 3 Likes Like |Link to Comment
  • BlackBerry Is A Better Stock Than Apple For 2016  [View article]
    Apple stock will be up 50% in 2016 and close the year at or above 150. They will beat iPhone estimates this quarter and crush earnings with the help of other products. This will completely discredit analysts like Huberty, the shill at Credit Suisse and the others. The market will hopefully learn never to listen an analyst that attempt to extrapolate supply chain channel checks into what current sell through is for Apple. I believe we will see 85 million iPhones for the quarter. That is AMAZING S cycle growth in the face of a 700 bps FX headwind. In March we will get a killer new watch and probably a new 4" phone. The stock will make further gains off of the spike after the January earnings report. Then we will learn of a massive increase to the buy-back and a dividend increase in April. The stock will gain more. Then the stock will start to rally into the launch of the iPhone 7 and Apple will once again crush it with the 7. I think it's reasonable to assume that Apple will sell at a p/e of 14-15 times 2017 earnings estimates at some point next year and I believe estimates will be north of $11.00. $150.00 plus at year end.

    And, Blackberry, come on, they already lost every battle and the war. Wouldn't touch it with a ten foot pole. Further, Chen showed how clueless his is by chastising Apple recently for not giving their customers private data to the government. Really? End to end encryption and Apple's unwillingness to be muscled by government to give-up their customers privacy is a main tenant of Apples fortress ecosystem. And Chen doesn't understand this? Clueless. I'd don't invest in companies run by clueless "leaders."
    Dec 19, 2015. 12:16 PM | 30 Likes Like |Link to Comment
  • Apple: Strategy Behind Retailers Discounting Apple Watch And iPad  [View article]
    The key takeaway here is that Apple is not the one discounting anything. Both the carriers and the retailers are using Apple's white hot products to slit each others throats to the benefit of Apple.
    Dec 18, 2015. 10:16 AM | 3 Likes Like |Link to Comment
  • Apple: Strategy Behind Retailers Discounting Apple Watch And iPad  [View article]
    Apple is already selling at a recession multiple.
    Dec 18, 2015. 10:14 AM | 2 Likes Like |Link to Comment
  • Apple: Strategy Behind Retailers Discounting Apple Watch And iPad  [View article]
    Wrong. Cook wouldn't have promoted Williams to COO yesterday if Apple Watch sales were a flop. Williams is Apples main guy behind the watch.
    Dec 18, 2015. 10:13 AM | 8 Likes Like |Link to Comment
  • Apple: Strategy Behind Retailers Discounting Apple Watch And iPad  [View article]
    Usually, but not it this case. Just as the carriers are slitting each others throats in price wars, so are the retailers competing amongst themselves and using the most popular products (Apple's) as a catalyst to also do so. Apple doesn't suffer in the least. In fact, they gain as Apple is not discounting to any retailer or carrier to fund their respective promotions.
    Dec 18, 2015. 10:08 AM | 7 Likes Like |Link to Comment
  • Apple: Why This Isn't 'Peak iPhone'  [View article]
    Yes, Huberty has lost A LOT of credibility as a result of this bush league call.
    Dec 18, 2015. 01:02 AM | 5 Likes Like |Link to Comment
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