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  • Apple Could Go Down In The Class Struggle [View article]

    I am a die-hard Apple fan who religiously uses Apple products and both closely follows and owns Apple stock. And I in no way question the right of people to spend $10,000 on a watch if they can afford it and it makes them happy. But looking at this objectively, I think you raise an important question. Apple will NEVER make enough selling $10,000 watches to offset the damage that would result if the resentment you posit does indeed set it. Investors need to remind themselves that the Iphone and IPad are already luxury products in the realm of smartphones and buyers already are paying a premium for that privilege. I suspect for that reason they will not be happy to see someone jump ahead of them in line or visit a dedicated VIP room for the uber-privileged. Personally, I can tell you that even as an Apple admirer I would be very annoyed and it would adversely affect my view of Apple, who I truly think has been one of the great economic democratizers of the last century. Go ahead, Apple, sell the $10,000 watch, but don't rub it in the noses of your loyal fans.
    Mar 30, 2015. 12:25 PM | 17 Likes Like |Link to Comment
  • Though its P/E is now well into the single digits after backing out cash, Apple (AAPL -1.3%) is having another tough day. Digitimes reported this morning Taiwanese supply chain sources expect Dec. quarter iPad Mini shipments to total just 8M due to continued touch panel shortages (previous); it sees shipments rising to 13M next quarter as panel yields improve. NPD recently reported Apple had raised its Mini display orders to 12M+. [View news story]
    I agree. First, Digitimes has a notably checkered record for accuracy. Second, I have noticed over the past year or two an apparent pattern of negative articles from Digitimes just prior to earnings that tend to drive the stock down. Makes one wonder ....? Remember too that Asian markets are notoriously subject to market manipulation through often unsubstantiated rumors. Anything originating from these sources needs to be approached very carefully.
    Dec 26, 2012. 10:18 PM | 1 Like Like |Link to Comment
  • Apple's (AAPL) Q2 Chinese smartphone share decline isn't as bad as it looks. Inventory shifts resulted in Q1 share being overstated, and Q2 share being understated, by IDC, which measures shipments rather than end-user sales. Apple noted on its FQ3 (June quarter) call that it significantly boosted Chinese iPhone inventory in FQ2 (due to the 4S launch), and then saw shipments decline in FQ3 as inventory was burned through. We might see something similar with the iPad in FQ4, given a 1.2M unit FQ3 inventory increase. (previous[View news story]
    As I suspected, the story lasted only long enough for someone to buy on the dip!
    Aug 24, 2012. 10:57 AM | 2 Likes Like |Link to Comment
  • Apple (AAPL) is knocked to 4th from 2nd in China's smartphone market in Q2 after its market share halves to 10% as consumers wait for the next iPhone or buy a different brand, IDC figures show. Samsung (SSNLF.PK) remains the leader with 16% and Lenovo moves to number two with 11%. Smartphone shipments were 44M out of a total of 87M. [View news story]
    In my opinion, and after watching this stock closely for many years, there is almost always a concerted effort to drive AAPL stock price down just before an expected positive event. I expect there are institutions out there who may have missed the boat seeking to buy this stock at a lower price before the upcoming announcement. Also, remember that traders in Asia are not subject to the same rules against market manipulation that US and European traders (in theory) are. Attempted market manipulation of this stock in Asia is rife.
    Aug 24, 2012. 09:48 AM | 2 Likes Like |Link to Comment
  • Deep into the middle of the night in Brussels, EU leaders are still at work, but what has emerged doesn't sound good. Reuters reports diplomats saying treaty change for all 27 states isn't happening, but is still alive for the 17 nations that use the euro. A sizable rally in stock futures has reversed, with the S&P down a hair after being up about 0.8%. The euro gives up about a 40 pip gain since the NY close.  [View news story]
    Hang on, it's not over yet. I believe there is a monumental game of chicken going on in Brussels. They all know that it is in everyone's interest to at least APPEAR to be proposing a real solution, so look for something by morning that proposes a short term formula that contains greater ESF funding with some concrete penalties for profligate spending and a longer term amendment to the Eurozone agreement that will placate the Germans. This should be followed in a few days by a comment from the ECB hinting at more flexibility. Rationale: These people may be incredibly stubborn and even shortisighted and nationalistic, bur everyone realizes that this time they are staring catastrophe in the face.
    Dec 9, 2011. 01:39 AM | Likes Like |Link to Comment