Jefferies' Peter Misek seems to be the sole sell-side analyst to downgrade Apple (AAPL -9.9%) today. "[The] slowdown in iPhone sales is real ... it appears that demand in the second half of the quarter and into CQ1 was much weaker than management or we expected," wrote Misek as he cut shares to Hold. ISI is lowering its PT to $600 from $710, but thinks a cheaper iPhone can right the ship. Topeka (previous) and Canaccord hold out hope an iPhone refresh will arrive in 1H. CRUS -8.4%. (more) (transcript) Update: Scotia Capital and Hilliard Lyons have joined Jefferies in downgrading Apple. [View news story]
I dont know where you get that mobile devices have peaked... IPhone sales up 27% Ipad 50 something %.
Deutsche's U.S. team follows up on an overnight note from the firm's Japanese unit about iPhone production cuts by declaring Apple's (AAPL -2%) stock "has digested this supply chain issue and likely has lower unit production already priced in." Notable Calls is encouraged by this due to the track record of the analyst in question (presumably Chris Whitmore). Apple has bounced a little off its session lows. Cirrus Logic (CRUS -3.8%) and Skyworks (SWKS -2.9%) are faring worse. [View news story]
That makes perfect sense to lower orders off of the Christmas high, and given that people tend to wait on the purchases when a new model is expected. It's also possible that they are shifting suppliers, you never know.
Biogen Idec (BIIB) -5.8% after reporting the failure of its dexpramipexole drug for treating people with amyotrophic lateral sclerosis (ALS), which is also known as Lou Gehrig's disease and which affects the nerve cells in the brain and spinal cord that control muscle movement. The medicine didn't meet its primary goals of improving "function and survival," nor did it meet any key secondary endpoints. (PR) [View news story]
Over reaction, they have a strong pipeline, and when doing drug discovery these things should be expected. It's not like it was BG-12 that failed, THAT would cause the stock to tank.
Apple (AAPL +3.1%) is indeed in talks to buy crowdsourced traffic/navigation app Waze, a source tells TechCrunch's Mike Buctcher. In an update to his original column on the subject, Butcher reports Apple is offering $400M up-front + $100M in incentives, whereas Waze is holding out for $750M. Israeli media has also reported of a ~$500M bid (translation). Buying Waze wouldn't eliminate the huge data edge Google Maps has over Apple Maps, but it would give Apple a unique info source whose value would grow thanks to iOS integration. (earlier) [View news story]
They should hold out for 750 just like Groupon passed on $6 billion from Google. In a year the extraneous mapping companies will be worthless as google and apple give their advantages away for free, their payday is NOW, get bought or perish.
Apple's Slow And Steady Search Attack [View article]
I agree that search needs to be as good or better as we have become accustomed to accurate search the first time, speaking your question is much more convenient and will catch on. If Apple is in control of those searches they determine where those queries get searched. I also wonder if Siri had done meaty patents that could push google to remove their voice search from android.
Apple's Slow And Steady Search Attack [View article]
very interesting article, but as a seo expert, I can tell you that Siri does NOT use google search. It would currently be a much better product if it did, but using Lycos patents is brilliant. They CAN dominate search, or pull a google on it and make it worth ZERO. They dont need to make money on search (and I am a AAPL investor) but what better way to get back at Google then to make Siri search WITHOUT ads.... that would be a more compelling product and make GOOG go to zero.
Apple (AAPL -3.6%) has sold off in early trading, apparently on news clearing firms are raising their margin requirements for positions due to fears of being too heavily concentrated in the $526B company. One firm, COR Clearing, raised its margin requirement to 60% from 30%. [View news story]
PE of what 6 ex cash... yea thats over valued for a company growing as fast as AAPL.
Apple (AAPL +2%) roundup: 1) Ahead of tomorrow's iPad Mini event, 9to5 Mac reports the cheapest model will likely go for $329, Higher-capacity and 3G/4G-capable models are said to range from $429-$659. 2) In addition to the Mini, Apple will reportedly unveil a slight update for the regular iPad. 3) A Japanese court rules Apple didn't infringe two Samsung patents. It had already cleared Apple of infringing two other Samsung patents, and also cleared Samsung of infringing an Apple patent. [View news story]
Opening price needs to be no more than 249, but having the universal remote app could also be key. VERY LONG AAPL
Illuminating Intel's Tablet Strategy: A Focus On Windows 8 Makes Sense [View article]
Windows 8 is the last nail in the coffin of WinTel. It may be creative and different, but its that difference that makes users learn something new. If everyone has to learn something new, why wouldn't they just switch to OSX for a intuitive experience, where everything just works, and syncs with the other Apple devices.
Look at the numbers, AAPL has already sold more Ipads in a quarter then Wintel makers have made desktop and laptops.
An Apple Bear Case Without Numbers Or Charts [View article]
Well, I've been a stalker for a while but this article has brought me to comment.
There is something to be said for his analysis, however it's faulty. In addition to the high PE's of the other stocks, the major thing he misses when comparing the tech stocks is that the others were all afraid to canalize their own business, so others did it for them. The reason IBM outsourced the pc (and created a whole industry from it) was because they did not take it seriously. The project was not managed in Armonk but rather at a small office in FL. But if you look at all of the failures (you could add AOL too) they were because the market move beyond them - they did not adapt and continue to innovate.
Now, there still may be risk. If you look at all of these companies - add in other large ones like Wal-Mart, they all had strong leaders that lead to their success, and floundered when those leaders left. IBM's rebirth was at the helm of Girstner - another great leader. Is their risk without Jobs - sure, but I think his real legacy will be that he created a VERY deep bench, and empowered everyone in Apple to THINK, not to go to meeting and yes the boss to death, hoping not to get fired.
I am a firm believer that Apple will thrive, and should be valued at a multiple (2-3x) of where it is at. They are firing on all cylinders. When was the last time you saw a company of their size grow like a hot startup. At those numbers it's hard to move the needle and they do it quartet after quarter.
"The market can drop 400 today and Apple (AAPL +0.8%) will close up," writes The Fly, who says the action reminds him of Dell in 1998 - going up $3/day while the rest of the market cratered. Eying a chart of his GARP (growth at a reasonable price) index (of which, Apple is a member), he thinks it looks top-heavy and ready to fall. [View news story]
AAPL's earnings will come in around $12 a share, that will be a PE of around 15 - how can anyone call a bubble at a PE of 15 or 18. What is Amazons PE 135? What would AAPL be trading at with that type of PE? AAPL is a earnings machine, and very undervalued.
About me - loaded up on AAPL at 350 in Nov, Sold at 535 in Jan - happy with my ROI but wish I didn't sell.... Those stupid charts.
The company that registered the “iPad” trademark in China doesn’t just want to keep Apple (AAPL) from selling its device inside China; now it wants to keep Apple from shipping iPads across China’s borders as well. Proview’s request comes a day after officials in one Chinese city confiscated iPads from local resellers, and a week after it filed suit to stop Apple from using the iPad name in China. [View news story]
This could be a much bigger problem for China. If they even threaten to seize production or prevent exports, all of their manufacturing base will move elsewhere. As for Apple - I would imagine they are right here and bought the TM, but someone should have followed up to make sure it got transferred to them.
Jefferies' Peter Misek seems to be the sole sell-side analyst to downgrade Apple (AAPL -9.9%) today. "[The] slowdown in iPhone sales is real ... it appears that demand in the second half of the quarter and into CQ1 was much weaker than management or we expected," wrote Misek as he cut shares to Hold. ISI is lowering its PT to $600 from $710, but thinks a cheaper iPhone can right the ship. Topeka (previous) and Canaccord hold out hope an iPhone refresh will arrive in 1H. CRUS -8.4%. (more) (transcript) Update: Scotia Capital and Hilliard Lyons have joined Jefferies in downgrading Apple. [View news story]
Apple's Growth Story Is Over [View article]
Deutsche's U.S. team follows up on an overnight note from the firm's Japanese unit about iPhone production cuts by declaring Apple's (AAPL -2%) stock "has digested this supply chain issue and likely has lower unit production already priced in." Notable Calls is encouraged by this due to the track record of the analyst in question (presumably Chris Whitmore). Apple has bounced a little off its session lows. Cirrus Logic (CRUS -3.8%) and Skyworks (SWKS -2.9%) are faring worse. [View news story]
Qualcomm Succeeds Where Cisco Fails [View article]
Biogen Idec (BIIB) -5.8% after reporting the failure of its dexpramipexole drug for treating people with amyotrophic lateral sclerosis (ALS), which is also known as Lou Gehrig's disease and which affects the nerve cells in the brain and spinal cord that control muscle movement. The medicine didn't meet its primary goals of improving "function and survival," nor did it meet any key secondary endpoints. (PR) [View news story]
Apple (AAPL +3.1%) is indeed in talks to buy crowdsourced traffic/navigation app Waze, a source tells TechCrunch's Mike Buctcher. In an update to his original column on the subject, Butcher reports Apple is offering $400M up-front + $100M in incentives, whereas Waze is holding out for $750M. Israeli media has also reported of a ~$500M bid (translation). Buying Waze wouldn't eliminate the huge data edge Google Maps has over Apple Maps, but it would give Apple a unique info source whose value would grow thanks to iOS integration. (earlier) [View news story]
Apple's Slow And Steady Search Attack [View article]
Apple's Slow And Steady Search Attack [View article]
Apple (AAPL -3.6%) has sold off in early trading, apparently on news clearing firms are raising their margin requirements for positions due to fears of being too heavily concentrated in the $526B company. One firm, COR Clearing, raised its margin requirement to 60% from 30%. [View news story]
Apple (AAPL +2%) roundup: 1) Ahead of tomorrow's iPad Mini event, 9to5 Mac reports the cheapest model will likely go for $329, Higher-capacity and 3G/4G-capable models are said to range from $429-$659. 2) In addition to the Mini, Apple will reportedly unveil a slight update for the regular iPad. 3) A Japanese court rules Apple didn't infringe two Samsung patents. It had already cleared Apple of infringing two other Samsung patents, and also cleared Samsung of infringing an Apple patent. [View news story]
Illuminating Intel's Tablet Strategy: A Focus On Windows 8 Makes Sense [View article]
Look at the numbers, AAPL has already sold more Ipads in a quarter then Wintel makers have made desktop and laptops.
Disclaimer: I am very long AAPL and QCOM.
An Apple Bear Case Without Numbers Or Charts [View article]
There is something to be said for his analysis, however it's faulty. In addition to the high PE's of the other stocks, the major thing he misses when comparing the tech stocks is that the others were all afraid to canalize their own business, so others did it for them. The reason IBM outsourced the pc (and created a whole industry from it) was because they did not take it seriously. The project was not managed in Armonk but rather at a small office in FL. But if you look at all of the failures (you could add AOL too) they were because the market move beyond them - they did not adapt and continue to innovate.
Now, there still may be risk. If you look at all of these companies - add in other large ones like Wal-Mart, they all had strong leaders that lead to their success, and floundered when those leaders left. IBM's rebirth was at the helm of Girstner - another great leader. Is their risk without Jobs - sure, but I think his real legacy will be that he created a VERY deep bench, and empowered everyone in Apple to THINK, not to go to meeting and yes the boss to death, hoping not to get fired.
I am a firm believer that Apple will thrive, and should be valued at a multiple (2-3x) of where it is at. They are firing on all cylinders. When was the last time you saw a company of their size grow like a hot startup. At those numbers it's hard to move the needle and they do it quartet after quarter.
I have half of my marbles on AAPL.
"The market can drop 400 today and Apple (AAPL +0.8%) will close up," writes The Fly, who says the action reminds him of Dell in 1998 - going up $3/day while the rest of the market cratered. Eying a chart of his GARP (growth at a reasonable price) index (of which, Apple is a member), he thinks it looks top-heavy and ready to fall. [View news story]
About me - loaded up on AAPL at 350 in Nov, Sold at 535 in Jan - happy with my ROI but wish I didn't sell.... Those stupid charts.
The company that registered the “iPad” trademark in China doesn’t just want to keep Apple (AAPL) from selling its device inside China; now it wants to keep Apple from shipping iPads across China’s borders as well. Proview’s request comes a day after officials in one Chinese city confiscated iPads from local resellers, and a week after it filed suit to stop Apple from using the iPad name in China. [View news story]