The article isn't about AAPL as much as it's about whether you use analysts as contrarian indicators. We do know from a recent survey of analysts, that being "correct" is not an important factor in determining in their compensation.
Since analysts themselves don't think being "correct" is important, are they so bad at it that it's worthwhile using them as contrarian indicators.
Something about using someone's incompetentcy as a way of picking buy/sell triggers doesn't sit well with me as a tactic.
I might be pushing the definition of analyst by using Jim Cramer as an example. .... But, if you were take the calls of Cramer as buy/sell triggers would you do better following his calls or taking the opposite position of his calls?
On top of reporting of iPad Mini production cuts, Citi's Glen Yeung says checks indicate iPhone 5S (AAPL) production has been "delayed by 2-4 weeks, likely due to display issues," and that the retina iPad Mini has been delayed until late Q4 or early Q1 2014. Yeung doesn't see the 5S production delay stopping a Sep. launch, but thinks it could limit supply. On a more encouraging note, he still expects a 4.8" iPhone 6 to launch in Q1. Also: Apple has filed a patent application for an end-to-end mobile payments platform (USPTO filing). Speculation Apple will leverage iTunes credit card data (now 500M accounts strong) and AuthenTec's fingerprint tech to delve into mobile payments has been running high for a while. (Jefferies) [View news story]
CITI may have one or more significant clients to take a short position in AAPL.
On top of reporting of iPad Mini production cuts, Citi's Glen Yeung says checks indicate iPhone 5S (AAPL) production has been "delayed by 2-4 weeks, likely due to display issues," and that the retina iPad Mini has been delayed until late Q4 or early Q1 2014. Yeung doesn't see the 5S production delay stopping a Sep. launch, but thinks it could limit supply. On a more encouraging note, he still expects a 4.8" iPhone 6 to launch in Q1. Also: Apple has filed a patent application for an end-to-end mobile payments platform (USPTO filing). Speculation Apple will leverage iTunes credit card data (now 500M accounts strong) and AuthenTec's fingerprint tech to delve into mobile payments has been running high for a while. (Jefferies) [View news story]
It seems Citi's morning bash of Apple wasn't enough, they had to throw another punch at Apple iin the afternoon. One could become cynical listening to the the analysts.
Apple (AAPL +1%) roundup: 1) Indian iPhone sales continue to surge with the help of aggressive pricing (sacrificing margins for growth), installment plans, and a marketing blitz: Credit Suisse estimates monthly Indian sales are now near 400K, up from just 70K-80K recently. 2) By contrast, Apple has raised iPad/iPod prices in Japan thanks to a weak yen. No word on whether the iPhone, whose Japanese sales have soared, has also seen hikes. 3) A panel image leak for the 5th-gen iPad shows a slimmer form factor, with bezels perhaps even thinner than the iPad Mini's. 4) The App Store still has a 73%/27% monetization edge over Google Play (GOOG), per Distimo, though that's down from November's 81%/19%. [View news story]
"Samsung India currently holds 47.4 per cent market share in smartphone market while it is 43.8 (RPT) 43.8 per cent in overall mobile phone market. "
"We have some incredible plans that we have been working on for a while," says Tim Cook (AAPL) at an AllThingsD conference talk. Some of those plans could still involve a TV - Cook reiterates the market is of "great interest" and that the current experience is outdated (John McCain seems to agree). Cook also: 1) Declares Google Glass to be a niche product, while adding (in a possible iWatch hint) the broader wearable computing market is a very interesting area. 2) States Apple will likely offer more developer options for customizing iOS, but wants to preserve the user experience. 3) Once more hints Apple isn't opposed to a bigger iPhone per se (previous), only one that doesn't meet its standards. (live blog) [View news story]
Sorry, I've forgotten. Why was it that users left Blackberry in droves again?
More scrutiny for Apple (AAPL): After receiving complaints related to possible anti-competitive sales practices, the European Commission has launched an informal, preliminary inquiry into whether the company compels operators to accept terms which ensure it always gets at least as good a deal in terms of subsidies as competitors. A nine-page questionnaire sent to telecoms also asks about minimum purchase requirements and sales terms, FT reports. AAPL says it is in full compliance with all applicable laws. [View news story]
It depends on the company. If it's a foreign company going after the US markets, we [the US] call it dumping. If it's a US company going after a foreign market, we call it "leveling the playing field".
The British parliament will call Amazon (AMZN) back to testify before the Public Affairs Committee to explain how it justifies paying just $9M in income tax on some $23B in sales to British customers over the past six years, Reuters said Friday, citing lawmakers. The company claims it should only pay tax in Luxembourg as it operates a single business in Europe from there, rather than multiple independent subsidiaries across the region. Reuters suggests this is a mischaracterization. [View news story]
While I agree with the sentiment of your post, I don't know enough of the detail on UK tax code or how Amazon has structured it's business Europe.
If AMZN, as they claim, have a sole business in Luxembourg, then why did they pay the $9M in taxes at all?
Amazon (AMZN) has bought Samsung's (SSNLF.PK) Liquavista e-reader display unit, The Digital Reader uncovers via Dutch regulatory filings; Amazon has subsequently confirmed the purchase. Past rumors indicated Samsung was trying to sell Liquavista, which was developing low-power color displays relying on a process called electrowetting, to Amazon for less than $100M. Look for Liquavista's tech to appear in future Kindle e-readers. [View news story]
Some execs at Samsung wanted to keep the technology, but decided that would put Samsung in an unfair competitive advantage over everyone else. So they sold it to the first company that believed that BS. ;o)
How Much Is Apple's Cash Really Worth? [View article]
I've held foreign investments and when I've paid foreign taxes, they show up on my 1040 as a tax credit. The feds [or taxpayers if you wish] pay my foreign taxes. 100%
You don't think Apple gets to deduct the foreign taxes paid on their federal return?
As an aside. I'd like to hear any rationale why the Federal Government should encourage me to make foreign investments by paying the foreign taxes I incur.
How Much Is Apple's Cash Really Worth? [View article]
Agreed. Which means Apple could use any or all of that cash for foreign capital investment and never have it taxed by the US.
How much Apple's cash is worth is purely an academic exercise. The consequences of that cash vary from no Federal Taxes ever collected to the current tax rate.
Apple's (AAPL) stringent policies with telecom carriers - including minimum sales requirements - and the iPhone's high price and its technical needs, are preventing the company from addressing a market of 2.8B customers, research firm Asymco.com estimates. Tellingly, Apple has signed fewer than a dozen new carriers since September 2011, helping to explain the device's slowing growth and Samsung's (SSNLF.PK) increasing dominance. [View news story]
I suppose the question is whether having more carriers handling your product is a positive or a negative.
Most people consider having more sellers carrying your product is better than fewer.
Apple's (AAPL) stringent policies with telecom carriers - including minimum sales requirements - and the iPhone's high price and its technical needs, are preventing the company from addressing a market of 2.8B customers, research firm Asymco.com estimates. Tellingly, Apple has signed fewer than a dozen new carriers since September 2011, helping to explain the device's slowing growth and Samsung's (SSNLF.PK) increasing dominance. [View news story]
You're implying that Alpha should suppress/not publish negative statements re Apple from institutions.
Nymex crude settled -2.6% at $91.03 after today's inventory report revealed crude stockpiles climbed to 6.696M barrels, a record high dating back to 1982 when the EIA began tracking the data. E&P equities took a beating, from higher-beta names such as QEP Resources (QEP -6.1%) to giants such as Exxon (XOM -1.6%) and Chevron (CVX -1.4%). (ETFs: USO, UCO, OIL, BNO) [View news story]
"Imports of crude oil and other petroleum products are on pace to drop to 6 million barrels per day by 2014, according to new forecasts by the Energy Information Administration. That’s the lowest level since 1987. It’s also just half as much liquid fuel as the country was importing back in 2005, at 12.5 million barrels per day. "
Nymex crude settled -2.6% at $91.03 after today's inventory report revealed crude stockpiles climbed to 6.696M barrels, a record high dating back to 1982 when the EIA began tracking the data. E&P equities took a beating, from higher-beta names such as QEP Resources (QEP -6.1%) to giants such as Exxon (XOM -1.6%) and Chevron (CVX -1.4%). (ETFs: USO, UCO, OIL, BNO) [View news story]
Traders could care less about 4 years from now. They don't even care about 4 days from now. They look at the world events at this particular moment in time and stockpiles. That's all they need to know.
Remember the fake twitter tweet on the AP account citing a bombing at the White House and the market reaction to the downside and the upside over a two minute period. Those are traders. Fundamentals don't mean squat.
Analysts Slowly Sour On Apple [View article]
Since analysts themselves don't think being "correct" is important, are they so bad at it that it's worthwhile using them as contrarian indicators.
Something about using someone's incompetentcy as a way of picking buy/sell triggers doesn't sit well with me as a tactic.
I might be pushing the definition of analyst by using Jim Cramer as an example. .... But, if you were take the calls of Cramer as buy/sell triggers would you do better following his calls or taking the opposite position of his calls?
I just ignore him.
On top of reporting of iPad Mini production cuts, Citi's Glen Yeung says checks indicate iPhone 5S (AAPL) production has been "delayed by 2-4 weeks, likely due to display issues," and that the retina iPad Mini has been delayed until late Q4 or early Q1 2014. Yeung doesn't see the 5S production delay stopping a Sep. launch, but thinks it could limit supply. On a more encouraging note, he still expects a 4.8" iPhone 6 to launch in Q1. Also: Apple has filed a patent application for an end-to-end mobile payments platform (USPTO filing). Speculation Apple will leverage iTunes credit card data (now 500M accounts strong) and AuthenTec's fingerprint tech to delve into mobile payments has been running high for a while. (Jefferies) [View news story]
On top of reporting of iPad Mini production cuts, Citi's Glen Yeung says checks indicate iPhone 5S (AAPL) production has been "delayed by 2-4 weeks, likely due to display issues," and that the retina iPad Mini has been delayed until late Q4 or early Q1 2014. Yeung doesn't see the 5S production delay stopping a Sep. launch, but thinks it could limit supply. On a more encouraging note, he still expects a 4.8" iPhone 6 to launch in Q1. Also: Apple has filed a patent application for an end-to-end mobile payments platform (USPTO filing). Speculation Apple will leverage iTunes credit card data (now 500M accounts strong) and AuthenTec's fingerprint tech to delve into mobile payments has been running high for a while. (Jefferies) [View news story]
Apple (AAPL +1%) roundup: 1) Indian iPhone sales continue to surge with the help of aggressive pricing (sacrificing margins for growth), installment plans, and a marketing blitz: Credit Suisse estimates monthly Indian sales are now near 400K, up from just 70K-80K recently. 2) By contrast, Apple has raised iPad/iPod prices in Japan thanks to a weak yen. No word on whether the iPhone, whose Japanese sales have soared, has also seen hikes. 3) A panel image leak for the 5th-gen iPad shows a slimmer form factor, with bezels perhaps even thinner than the iPad Mini's. 4) The App Store still has a 73%/27% monetization edge over Google Play (GOOG), per Distimo, though that's down from November's 81%/19%. [View news story]
"We have some incredible plans that we have been working on for a while," says Tim Cook (AAPL) at an AllThingsD conference talk. Some of those plans could still involve a TV - Cook reiterates the market is of "great interest" and that the current experience is outdated (John McCain seems to agree). Cook also: 1) Declares Google Glass to be a niche product, while adding (in a possible iWatch hint) the broader wearable computing market is a very interesting area. 2) States Apple will likely offer more developer options for customizing iOS, but wants to preserve the user experience. 3) Once more hints Apple isn't opposed to a bigger iPhone per se (previous), only one that doesn't meet its standards. (live blog) [View news story]
More scrutiny for Apple (AAPL): After receiving complaints related to possible anti-competitive sales practices, the European Commission has launched an informal, preliminary inquiry into whether the company compels operators to accept terms which ensure it always gets at least as good a deal in terms of subsidies as competitors. A nine-page questionnaire sent to telecoms also asks about minimum purchase requirements and sales terms, FT reports. AAPL says it is in full compliance with all applicable laws. [View news story]
The British parliament will call Amazon (AMZN) back to testify before the Public Affairs Committee to explain how it justifies paying just $9M in income tax on some $23B in sales to British customers over the past six years, Reuters said Friday, citing lawmakers. The company claims it should only pay tax in Luxembourg as it operates a single business in Europe from there, rather than multiple independent subsidiaries across the region. Reuters suggests this is a mischaracterization. [View news story]
If AMZN, as they claim, have a sole business in Luxembourg, then why did they pay the $9M in taxes at all?
Amazon (AMZN) has bought Samsung's (SSNLF.PK) Liquavista e-reader display unit, The Digital Reader uncovers via Dutch regulatory filings; Amazon has subsequently confirmed the purchase. Past rumors indicated Samsung was trying to sell Liquavista, which was developing low-power color displays relying on a process called electrowetting, to Amazon for less than $100M. Look for Liquavista's tech to appear in future Kindle e-readers. [View news story]
How Much Is Apple's Cash Really Worth? [View article]
You don't think Apple gets to deduct the foreign taxes paid on their federal return?
As an aside. I'd like to hear any rationale why the Federal Government should encourage me to make foreign investments by paying the foreign taxes I incur.
How Much Is Apple's Cash Really Worth? [View article]
How much Apple's cash is worth is purely an academic exercise. The consequences of that cash vary from no Federal Taxes ever collected to the current tax rate.
How Much Is Apple's Cash Really Worth? [View article]
Apple's (AAPL) stringent policies with telecom carriers - including minimum sales requirements - and the iPhone's high price and its technical needs, are preventing the company from addressing a market of 2.8B customers, research firm Asymco.com estimates. Tellingly, Apple has signed fewer than a dozen new carriers since September 2011, helping to explain the device's slowing growth and Samsung's (SSNLF.PK) increasing dominance. [View news story]
Most people consider having more sellers carrying your product is better than fewer.
Apple's (AAPL) stringent policies with telecom carriers - including minimum sales requirements - and the iPhone's high price and its technical needs, are preventing the company from addressing a market of 2.8B customers, research firm Asymco.com estimates. Tellingly, Apple has signed fewer than a dozen new carriers since September 2011, helping to explain the device's slowing growth and Samsung's (SSNLF.PK) increasing dominance. [View news story]
Nymex crude settled -2.6% at $91.03 after today's inventory report revealed crude stockpiles climbed to 6.696M barrels, a record high dating back to 1982 when the EIA began tracking the data. E&P equities took a beating, from higher-beta names such as QEP Resources (QEP -6.1%) to giants such as Exxon (XOM -1.6%) and Chevron (CVX -1.4%). (ETFs: USO, UCO, OIL, BNO) [View news story]
http://wapo.st/15bzdWM
Nymex crude settled -2.6% at $91.03 after today's inventory report revealed crude stockpiles climbed to 6.696M barrels, a record high dating back to 1982 when the EIA began tracking the data. E&P equities took a beating, from higher-beta names such as QEP Resources (QEP -6.1%) to giants such as Exxon (XOM -1.6%) and Chevron (CVX -1.4%). (ETFs: USO, UCO, OIL, BNO) [View news story]
Remember the fake twitter tweet on the AP account citing a bombing at the White House and the market reaction to the downside and the upside over a two minute period. Those are traders. Fundamentals don't mean squat.