I am sure that citi regrets that it released its Apple downgrade right before Apple officially announced its 2Mu iPhone sale in China during the first 3 days. These Analysts do not do its homework, rather just do some number crunching based on the street rumor.
I have another spin on Apple's order cut for next quarter. Foxconn is in Asia, and there are tons of analyst in Asia following Foxconn, and these analysts should have very close relationship with Foxconn. How come they did not know the Apple order reduction. Rather they have to wait for US analyst to fly to Asia, discover such an information, come back to downgrade Apple, then the Asia Analysts all the sudden wake up based on this news, realizing that Foxconn and other suppliers are in trouble. This is just not logical to me!
Apple's (AAPL) FQ1 sales could get a bump from Wal-Mart (WMT), which has begun selling the 16GB iPhone 5 at a subsidized $127 at thousands of U.S. stores. The retail giant is also selling the 16GB 3rd-gen iPad for $399 (a $30 iTunes card is thrown in), and the 16GB iPhone 4S for $47. The size of the price cuts, good for the next 4 weeks, are eye-opening in light of Apple's history of limiting retailer discounts. They come as multiple analysts (I, II, III) strike a cautious tone on iPhone sales thanks to supply chain data. [View news story]
With Apple officially announce that it sold 2Mu in China within three days, and a very positive tone from Tim Cook, I am sure that Apple is comfortable and hinting that the Q4 sales will meet and beat the forecast.
Apple's (AAPL) FQ1 sales could get a bump from Wal-Mart (WMT), which has begun selling the 16GB iPhone 5 at a subsidized $127 at thousands of U.S. stores. The retail giant is also selling the 16GB 3rd-gen iPad for $399 (a $30 iTunes card is thrown in), and the 16GB iPhone 4S for $47. The size of the price cuts, good for the next 4 weeks, are eye-opening in light of Apple's history of limiting retailer discounts. They come as multiple analysts (I, II, III) strike a cautious tone on iPhone sales thanks to supply chain data. [View news story]
Margin is important but only as a general guideline. On the other hand, EPS is the real key for performance. If the GM dropped, meanwhile much higher unit sale, therefore much higher revenue and EPS, it is a winner.
Apple's (AAPL) FQ1 sales could get a bump from Wal-Mart (WMT), which has begun selling the 16GB iPhone 5 at a subsidized $127 at thousands of U.S. stores. The retail giant is also selling the 16GB 3rd-gen iPad for $399 (a $30 iTunes card is thrown in), and the 16GB iPhone 4S for $47. The size of the price cuts, good for the next 4 weeks, are eye-opening in light of Apple's history of limiting retailer discounts. They come as multiple analysts (I, II, III) strike a cautious tone on iPhone sales thanks to supply chain data. [View news story]
Margin? Are we really worry about Apple's margin? If so, why are we comparing market share between iPhone and Android phone, which we know that Apple has incredible margin and most Android phone lose money. Are we really comparing apple with apple?
Apple's (AAPL) FQ1 sales could get a bump from Wal-Mart (WMT), which has begun selling the 16GB iPhone 5 at a subsidized $127 at thousands of U.S. stores. The retail giant is also selling the 16GB 3rd-gen iPad for $399 (a $30 iTunes card is thrown in), and the 16GB iPhone 4S for $47. The size of the price cuts, good for the next 4 weeks, are eye-opening in light of Apple's history of limiting retailer discounts. They come as multiple analysts (I, II, III) strike a cautious tone on iPhone sales thanks to supply chain data. [View news story]
The market is completely rumored by bad news for people shorting Apple. On Friday, we had the news that only one person in front of Apple store in Shanghai for the iPhone 5 launch. Now, Apple's official data said that Apple sold 2 million units in China just for the first three days. If we believe that only one person waiting in front of Apple store in Shanghai, how they can sell 2 million units which is Apple's official data.
I also checked with a friend of mine who is a senior executive at Foxconn. He said that he couldn't disclose the data, but he did say that the rumor of 45% cut for Q2 iPhone production is absolutely garbage.
Only one person was standing outside the Apple (AAPL) store in Shanghai's financial district today, when the iPhone 5 went on sale for the first time in China. That's in contrast to the frenzy that accompanied the launch of the iPhone 4S. And while the new device will probably sell strongly, the lack of a deal with China Mobile (CHL) continues to hamper Apple in the country. [View news story]
According to CNBC this morning, people lined up in front of Apple stores in Beijing, though the weather is freezing cold. Shanghai is a lot more fashionable than Beijing, hard to imaging that people lined up in Beijing in the freezing cold weather, and one one person in front of Apple store in Shanghai
Apple's Solid Mac Performance Compares Favorably To Sluggish PC Sales [View article]
Though PC is at a down trend, but PC is still at a huge volume, and Apple's Mac revenue is going up. The trend is that Apple's Mac share will grow, and eating into the PC market. This still can be a huge growth potential for the Mac, with iPhone, iPad, iCloud, and 700,000+ forming an incredible ecosystem.
I believe that we will see a huge iMac growth in the coming years with the overall PC volume going down.
Margin compression should not be a good issue for Apple. Its P/E is only 12, which is lower than the industry average, which means not much hype built in, unlike AMZN has a P/E of 3000. If margin compression is a concern, why no one worries about AMZN? If Apple's P/E is above 20, I may have some concern on its margin compression.
I believe that AAPL's recent sell-off is purely due to the traders' manipulation, or the huge volume of options expiring, or fiscal cliff .... Once all these are over, the traders and the fund mangers will try to pump the stock up again, which for Apple, it is easy, since it has a strong fundamentals.
I do not think that the prediction for 3 - 5 year out will be much meaningful here. Any great company can make mistake and fall in the long run, such as HP. What about Apple in the next couple years? Should they continue its dominant position in the smart phone and tablet? If we believe so, it should be good enough for the investors.
As Apple (AAPL -1.2%) sold off again, the USPTO made a preliminary ruling to invalidate all 20 claims in an Apple multi-touch patent used in cases against Samsung and Motorola. Apple will doubtlessly appeal the ruling, which comes 6 weeks after the USPTO preliminarily invalidated Apple's "rubber-banding" patent. Meanwhile, the shipping date for the new 27" iMac, already stated by Apple to be supply-constrained, has been pushed out to January. The 21.5" iMac has a shipping time of 7-10 business days. [View news story]
I checked this "multi-touch" pattern, it is not included in the recent Apple/Samsung litigation at San Jose, so no impact on this case.
The reason for the rejection on this "multi-touch" pattern is due to the pattern application tried to cover too broad. I believe that Apple will narrow the pattern coverage and resubmit it. Then the pattern should be granted
As Apple (AAPL -1.2%) sold off again, the USPTO made a preliminary ruling to invalidate all 20 claims in an Apple multi-touch patent used in cases against Samsung and Motorola. Apple will doubtlessly appeal the ruling, which comes 6 weeks after the USPTO preliminarily invalidated Apple's "rubber-banding" patent. Meanwhile, the shipping date for the new 27" iMac, already stated by Apple to be supply-constrained, has been pushed out to January. The 21.5" iMac has a shipping time of 7-10 business days. [View news story]
This was a news on Oct. 23rd, which had no impact on Apple's stock when the news hit the market. Why repeat it again today as news? Try to confuse the market?
Apple's Margins Will Stay Strong In FY13 [View article]
Great article.
Analysts start to compare Apple with Dell and HP (same industry) on P/E, and consider Apple is not as cheap as it looks. They should also compare Apple with Dell and HP on the EPS, and it can show that we are talking about totally different class of companies.
"When I go into my living room and turn on the TV, I feel like I have gone backwards in time by 20 to 30 years," says Apple (AAPL) CEO Tim Cook in a TV interview. "It's an area of intense interest, I can't say more than that." Other news from the chat is his announcement one of the existing Mac lines will be manufactured exclusively in the U.S. next year. [View news story]
Tim's comment is a strong indication for the following:
1. The Apple TV's development is in its completion, and Tim can watch this TV in his office. (his comment on "When I go into my living room and turn on the TV, I feel like I have gone backwards in time by 20 to 30 years ". He only had that feeling when he is in his home.
2. The Apple TV will revolutionize the TV and move the TV product 20 - 30 years in advance, not a baby step.
The Real Reasons Why Apple Is Tanking [View article]
Apple seems do not care about its investors' return. The special dividend from Apple should have a significant boost to its stock, and it is an easy move for Apple with its 120 billion in cash. But Tim cook select to ignore its share holder's expectation. For a company does not care shareholder's value, why anyone should keep their money in Apple?
Google (GOOG) is "putting the finishing touches" on an iOS Google Maps app and has distributed a test version to people outside the company, the WSJ reports. However, it remains unclear when the app will be submitted to Apple for approval. The Guardianrecently reported the app should be ready by year's end, and Nokia (NOK) announced its Here iOS mapping app earlier this week. The WSJ also notes Eddy Cue, the Apple (AAPL) exec now in charge of the criticized iOS 6 Maps, "has been hands-on with the maps team" in an effort to fix the product. [View news story]
If the street rumor on Microsoft's Office being ported over to iOS and will be available in April 2013, it will be another big market expansion for iPad into the enterprise application, and it definitely will impact Surface's sale. On the other hand, Microsoft will have additional revenue from Office for iOS. It might even be a better deal for MS to sell more Office than Surface. This should be a win-win situation for both Apple and MS.
Brian White tries to ride to the rescue of Apple (AAPL), reiterating his $1,111 price target after the company reported selling more than 2M iPhone 5s in its first 3 days of official availability in China. Also leaning against the Citi downgrade are Morgan Stanley and Barclays. Shares are bouncing from premarket lows, -1.4% to $502.49. [View news story]
I have another spin on Apple's order cut for next quarter. Foxconn is in Asia, and there are tons of analyst in Asia following Foxconn, and these analysts should have very close relationship with Foxconn. How come they did not know the Apple order reduction. Rather they have to wait for US analyst to fly to Asia, discover such an information, come back to downgrade Apple, then the Asia Analysts all the sudden wake up based on this news, realizing that Foxconn and other suppliers are in trouble. This is just not logical to me!
Apple's (AAPL) FQ1 sales could get a bump from Wal-Mart (WMT), which has begun selling the 16GB iPhone 5 at a subsidized $127 at thousands of U.S. stores. The retail giant is also selling the 16GB 3rd-gen iPad for $399 (a $30 iTunes card is thrown in), and the 16GB iPhone 4S for $47. The size of the price cuts, good for the next 4 weeks, are eye-opening in light of Apple's history of limiting retailer discounts. They come as multiple analysts (I, II, III) strike a cautious tone on iPhone sales thanks to supply chain data. [View news story]
Apple's (AAPL) FQ1 sales could get a bump from Wal-Mart (WMT), which has begun selling the 16GB iPhone 5 at a subsidized $127 at thousands of U.S. stores. The retail giant is also selling the 16GB 3rd-gen iPad for $399 (a $30 iTunes card is thrown in), and the 16GB iPhone 4S for $47. The size of the price cuts, good for the next 4 weeks, are eye-opening in light of Apple's history of limiting retailer discounts. They come as multiple analysts (I, II, III) strike a cautious tone on iPhone sales thanks to supply chain data. [View news story]
Apple's (AAPL) FQ1 sales could get a bump from Wal-Mart (WMT), which has begun selling the 16GB iPhone 5 at a subsidized $127 at thousands of U.S. stores. The retail giant is also selling the 16GB 3rd-gen iPad for $399 (a $30 iTunes card is thrown in), and the 16GB iPhone 4S for $47. The size of the price cuts, good for the next 4 weeks, are eye-opening in light of Apple's history of limiting retailer discounts. They come as multiple analysts (I, II, III) strike a cautious tone on iPhone sales thanks to supply chain data. [View news story]
Apple's (AAPL) FQ1 sales could get a bump from Wal-Mart (WMT), which has begun selling the 16GB iPhone 5 at a subsidized $127 at thousands of U.S. stores. The retail giant is also selling the 16GB 3rd-gen iPad for $399 (a $30 iTunes card is thrown in), and the 16GB iPhone 4S for $47. The size of the price cuts, good for the next 4 weeks, are eye-opening in light of Apple's history of limiting retailer discounts. They come as multiple analysts (I, II, III) strike a cautious tone on iPhone sales thanks to supply chain data. [View news story]
I also checked with a friend of mine who is a senior executive at Foxconn. He said that he couldn't disclose the data, but he did say that the rumor of 45% cut for Q2 iPhone production is absolutely garbage.
Only one person was standing outside the Apple (AAPL) store in Shanghai's financial district today, when the iPhone 5 went on sale for the first time in China. That's in contrast to the frenzy that accompanied the launch of the iPhone 4S. And while the new device will probably sell strongly, the lack of a deal with China Mobile (CHL) continues to hamper Apple in the country. [View news story]
Apple's Solid Mac Performance Compares Favorably To Sluggish PC Sales [View article]
I believe that we will see a huge iMac growth in the coming years with the overall PC volume going down.
Apple's Decline: Thanks, iPad Mini [View article]
I believe that AAPL's recent sell-off is purely due to the traders' manipulation, or the huge volume of options expiring, or fiscal cliff .... Once all these are over, the traders and the fund mangers will try to pump the stock up again, which for Apple, it is easy, since it has a strong fundamentals.
Apple's Decline: Thanks, iPad Mini [View article]
As Apple (AAPL -1.2%) sold off again, the USPTO made a preliminary ruling to invalidate all 20 claims in an Apple multi-touch patent used in cases against Samsung and Motorola. Apple will doubtlessly appeal the ruling, which comes 6 weeks after the USPTO preliminarily invalidated Apple's "rubber-banding" patent. Meanwhile, the shipping date for the new 27" iMac, already stated by Apple to be supply-constrained, has been pushed out to January. The 21.5" iMac has a shipping time of 7-10 business days. [View news story]
The reason for the rejection on this "multi-touch" pattern is due to the pattern application tried to cover too broad. I believe that Apple will narrow the pattern coverage and resubmit it. Then the pattern should be granted
As Apple (AAPL -1.2%) sold off again, the USPTO made a preliminary ruling to invalidate all 20 claims in an Apple multi-touch patent used in cases against Samsung and Motorola. Apple will doubtlessly appeal the ruling, which comes 6 weeks after the USPTO preliminarily invalidated Apple's "rubber-banding" patent. Meanwhile, the shipping date for the new 27" iMac, already stated by Apple to be supply-constrained, has been pushed out to January. The 21.5" iMac has a shipping time of 7-10 business days. [View news story]
Apple's Margins Will Stay Strong In FY13 [View article]
Analysts start to compare Apple with Dell and HP (same industry) on P/E, and consider Apple is not as cheap as it looks. They should also compare Apple with Dell and HP on the EPS, and it can show that we are talking about totally different class of companies.
"When I go into my living room and turn on the TV, I feel like I have gone backwards in time by 20 to 30 years," says Apple (AAPL) CEO Tim Cook in a TV interview. "It's an area of intense interest, I can't say more than that." Other news from the chat is his announcement one of the existing Mac lines will be manufactured exclusively in the U.S. next year. [View news story]
1. The Apple TV's development is in its completion, and Tim can watch this TV in his office. (his comment on "When I go into my living room and turn on the TV, I feel like I have gone backwards in time by 20 to 30 years ". He only had that feeling when he is in his home.
2. The Apple TV will revolutionize the TV and move the TV product 20 - 30 years in advance, not a baby step.
The Real Reasons Why Apple Is Tanking [View article]
Google (GOOG) is "putting the finishing touches" on an iOS Google Maps app and has distributed a test version to people outside the company, the WSJ reports. However, it remains unclear when the app will be submitted to Apple for approval. The Guardian recently reported the app should be ready by year's end, and Nokia (NOK) announced its Here iOS mapping app earlier this week. The WSJ also notes Eddy Cue, the Apple (AAPL) exec now in charge of the criticized iOS 6 Maps, "has been hands-on with the maps team" in an effort to fix the product. [View news story]