The iPhone 5S launch has been pushed back to August-September from July, likely due to "volume production issues," says Citi's Glen Yeung, echoing last week's Jefferies note. Yeung, who downgraded Apple to Neutral on Dec. 16, is also worried iPad Mini demand is weakening, given "flattening production" (Digitimes reported something similar last week), and (like others) doesn't expect a larger iPhone to arrive this year. AAPL +0.3%, shaking off Yeung's note and supplier LG Display's soft Q1 report. [View news story]
Lower Ipad mini demand? Wow, the manipulation never ends. First these rags claimed ipad mini would cannibalize the large ipad, then they say there's lower mini demand? They can't have it both ways...
A Fallen Apple Equals A Gift To Investors Even If Sales And Margins Decline [View article]
The only problem is that valuation metrics aren't being considered with Apple. It never defends itself against rumors and smear jobs, which is to blame for most of the fall from at least 600. I'm reluctantly long, but Tim Cook is to blame for most of the decline. The minute he leaves, Apple might be valued somewhat more fairly.
Wall Street Breakfast: Must-Know News [View article]
Maybe GM would be further along if it hadn't scrapped the EV project in 96. They crushed all the cars too. Then they sold the battery tech to Chevron. Funny, nobody remembers this.
Why Apple's Margins Will Continue To Decline [View article]
Articles like this are kind of a pile on. We already know margins are going down. But this article makes it sound like Apple is gonna somehow shrivel up and die. How are earnings going to decline? They make products, they sell them. That's not going to stop. They just had their most profitable quarter ever. Is it just cool now to say that Apple will die?
What I don't get is that bears wanted 600. Then they wanted 500. Then they wanted a gap close to 425. They got all those things(435, but close enough). At a certain point, sanity kicks in. I think we're basing at 455 at the moment. Volatility has dropped and now we're kinda sluggish. But the post earnings flash crash scared everybody out. New buyers who bought here aren't gonna sell, because their cost basis is a lot lower. What catalyst is gonna cause a further drop? It didn't stay at 535. There's a reason for that. It's because at that point even value investors couldn't help themselves. What do bears want now? 300?
Up 5.31% so far this month, the S&P 500 is on track for its best January since 1997 - happy news for the "as January goes, so goes the year" crowd. Maybe of more interest: Apple - the S&P's highest-weighted member - is also the worst-performer, -14.3%. Has there ever been an instance when the index has done so well while its largest holding did so poorly? [View news story]
Just shows something's really wrong with the market. People are too scared to buy apple, but when it goes back to 500, then they'll jump on. 50 points too late.
Verizon (VZ) states on its Q4 call it activated 6.2M iPhones in Q4, good for 63% of total smartphone activations (up from 46% in Q3, and 56% in the year-ago period). Big Red had previously disclosed it activated 9.8M smartphones in the quarter. CFO Fran Shammo says about half of the iPhone sales involved the iPhone 5 - that remark comes as UBS points to survey data indicating a mix shift towards older and lower-capacity iPhone models. Apple (AAPL) +0.8%. (AT&T smartphone sales) [View news story]
Can Apple's Earnings Put Fears To Rest? [View article]
Hopefully the big boys have decided it's time for Apple to recover to at least 600. The stock is as far removed from the company as humans to fish. I really think the big flush was the low of 483 last week. Even when nothing was happening in November, we saw a run from 505 to 595 for no reason at all. I'm not sure that er will mean much by itself. But what is probably important is how far down the hedge funds think that Apple can be pushed. With lackluster results of say... 13.50 we may see no serious move down. IF it can't be pushed down anymore, the hedgefunds load up, go on tv and publish articles saying how great Apple is and how it's going back to 700. They then start to buy and then everyone else starts to buy. It becomes a self fulfilling prophecy. Once it hits 550, then everyone who isn't in jumps back in. So the real question is, "When will the hedge funds decide the short side has been milked for all it's worth?"
Judge Lucy Koh yesterday ordered Tim Cook to testify in a lawsuit over whether Apple (AAPL), Google (GOOG) and other hi-tech companies breached antitrust laws by agreeing not to try to poach each others' employees. Erich Schmidt is also due to appear in the trial, as is Intel's (INTC) Paul Otellini. Lawyers for the five plaintiffs in the case reckon that damages could reach hundreds of millions of dollars. [View news story]
OMG Sell! Sell! Sell! lol, I'm just joking, I hope we don't hear people are selling Apple on this news.
Dear Apple Board, This Is How You Defend The Share Price [View article]
Defending the share price should have happened a long time ago. If apple wasn't gonna say anything, they should have silently bought stock to support it. But the earnings blowout if it happens isn't going to do much if the manipulation issue isn't solved. The issue is that the rumors never stop. So when the rumors come out Apple needs to respond in some way. How? Not entirely sure. The rumors are very hard to disprove, and the manipulators can hide behind "Sources in the know" and such. It's maddening to have stories come out and just about everyone knows it's a lie. But then the stock sells off. Based on known rumors. Accelerating buybacks? Raise dividend? It seems that if the dividend is raised high enough, it SHOULD stabilize the stock. When selloffs got to the point where they are clearly irrational and stockholders are running for the exits, dividend investors would step in and support the stock. Is it the best use of cash? Maybe not. But Apple has GOT to fend off these attacks. If the company wants institutional investors, they need to just announce it to the public. Otherwise, they need to do something to make the stock something that average people can buy.
Apple (AAPL -2.3%) has tumbled below $500 following Nomura's big PT cut. Multi-Fineline's (MFLX -20.3%) warning also might not be going over well. Nomura backs up the WSJ and Nikkei's reports by stating its own checks indicate weaker-than-expected iPhone 5 sales; it now expects 48M sales in FQ1, and 39M in FQ2, but is raising its iPad forecasts. Echoing a recent CLSA note, Nomura thinks Android's Asian dominance has become a problem for Apple. Sterne Agee, meanwhile, believes all is well. [View news story]
Rupert Murdoch bought the Journal. So it's like Fox News but covering stocks instead. When was the last time Fox News gave decent coverage of the news?
Apple's (AAPL) shares are -3.4% premarket following reports that the company has cut iPhone 5 component orders for calendar Q1 due to weaker-than-expected demand. That's possibly helping to depress sentiment on the stock-futures market, with the Nasdaq benchmark -0.4%. The Dow is flat and the S&P is +0.1%, while Europe remains mostly in the green. [View news story]
Apple's (AAPL) shares are -3.4% premarket following reports that the company has cut iPhone 5 component orders for calendar Q1 due to weaker-than-expected demand. That's possibly helping to depress sentiment on the stock-futures market, with the Nasdaq benchmark -0.4%. The Dow is flat and the S&P is +0.1%, while Europe remains mostly in the green. [View news story]
The iPhone 5S launch has been pushed back to August-September from July, likely due to "volume production issues," says Citi's Glen Yeung, echoing last week's Jefferies note. Yeung, who downgraded Apple to Neutral on Dec. 16, is also worried iPad Mini demand is weakening, given "flattening production" (Digitimes reported something similar last week), and (like others) doesn't expect a larger iPhone to arrive this year. AAPL +0.3%, shaking off Yeung's note and supplier LG Display's soft Q1 report. [View news story]
A Fallen Apple Equals A Gift To Investors Even If Sales And Margins Decline [View article]
Wall Street Breakfast: Must-Know News [View article]
Why Apple's Margins Will Continue To Decline [View article]
How Much Should You Pay For Apple? [View article]
Up 5.31% so far this month, the S&P 500 is on track for its best January since 1997 - happy news for the "as January goes, so goes the year" crowd. Maybe of more interest: Apple - the S&P's highest-weighted member - is also the worst-performer, -14.3%. Has there ever been an instance when the index has done so well while its largest holding did so poorly? [View news story]
Verizon (VZ) states on its Q4 call it activated 6.2M iPhones in Q4, good for 63% of total smartphone activations (up from 46% in Q3, and 56% in the year-ago period). Big Red had previously disclosed it activated 9.8M smartphones in the quarter. CFO Fran Shammo says about half of the iPhone sales involved the iPhone 5 - that remark comes as UBS points to survey data indicating a mix shift towards older and lower-capacity iPhone models. Apple (AAPL) +0.8%. (AT&T smartphone sales) [View news story]
The guy was never any good.
Can Apple's Earnings Put Fears To Rest? [View article]
Judge Lucy Koh yesterday ordered Tim Cook to testify in a lawsuit over whether Apple (AAPL), Google (GOOG) and other hi-tech companies breached antitrust laws by agreeing not to try to poach each others' employees. Erich Schmidt is also due to appear in the trial, as is Intel's (INTC) Paul Otellini. Lawyers for the five plaintiffs in the case reckon that damages could reach hundreds of millions of dollars. [View news story]
Dear Apple Board, This Is How You Defend The Share Price [View article]
Apple (AAPL -2.3%) has tumbled below $500 following Nomura's big PT cut. Multi-Fineline's (MFLX -20.3%) warning also might not be going over well. Nomura backs up the WSJ and Nikkei's reports by stating its own checks indicate weaker-than-expected iPhone 5 sales; it now expects 48M sales in FQ1, and 39M in FQ2, but is raising its iPad forecasts. Echoing a recent CLSA note, Nomura thinks Android's Asian dominance has become a problem for Apple. Sterne Agee, meanwhile, believes all is well. [View news story]
Dear Apple Board, This Is How You Defend The Share Price [View article]
Apple's (AAPL) shares are -3.4% premarket following reports that the company has cut iPhone 5 component orders for calendar Q1 due to weaker-than-expected demand. That's possibly helping to depress sentiment on the stock-futures market, with the Nasdaq benchmark -0.4%. The Dow is flat and the S&P is +0.1%, while Europe remains mostly in the green. [View news story]
Apple Likely To Crush Analyst Estimates With 53 Million Q1 iPhone Shipments [View article]
Apple's (AAPL) shares are -3.4% premarket following reports that the company has cut iPhone 5 component orders for calendar Q1 due to weaker-than-expected demand. That's possibly helping to depress sentiment on the stock-futures market, with the Nasdaq benchmark -0.4%. The Dow is flat and the S&P is +0.1%, while Europe remains mostly in the green. [View news story]