Originally Posted by Dick Applebaum
I am actually considering buying some more -- gonna watch a few days and let the effects of today's news kick in.
AIR, Apple had sold 45 million iPads through December... somewhere in these announcements a figure of 55 million iPads sold to date (before the new iPad) -- that means that Apple could easily hit 15 million iPads this quarter... and who knows for the rest of the calendar year...
With that in mind, and the continued success of the Mac and iPhone -- along with the [presumed] greater appeal of AAPL to investors... $700 looks pretty doable in a month or two -- that's >= 10% appreciation over today's close.
...Just thinking out loud...
I've been opening more long option positions all year, mostly LEAPs but also a few May plays to catch April earnings.
To me there is far more upside. Especially when you look at the P/E compared to the usual suspects, Google, Amazon and Netflix. And Cisco back when it had the biggest cap.
Even if they don't come out with a big time TV the expansion of iPhone and iPad into new markets is enough to drive us north from here. And think of the enterprise. What IT manager is going to deploy any tablet other than iPads at this point?
I see Apple right now as just getting started with what MS had way back when. But now Apple is both MS and Intel. There are so many positives to this story - I think anyone shorting aapl would be crazy today. If they miss in April, ok, they'll have a few rough months. But the long term is very clear to me.
At some point MS is going to have an iPad competitor on the market. But as a consumer, if you've been frustrated with MS for over a decade are you going to say "I'll give them one more chance," - or are you going to say "It's time to see what else is out there?"
The dividend is just gravy. I'm staying long and making all I can while Apple is hitting everything.