You are so full of shit it isn't even funny. Sell your damn stock and go elsewhere.
As an Apple shareholder I have the right to criticize the CEO. He works for me.
If people sold their stock every time the CEO disappointed them, no one would make money. CEO's make mistakes all the time. Does not mean you give up on the company.
You are now the troll! You used to rant on here about others that are doing exactly as you are now! Look in the mirror - the problem is you. You clearly do not have the emotional capability to be individually investing in equities - period. Put your money into some funds before your head explodes.
Frankly, the real focus should be on some level of regulation of analysts. Apple produces 50M iPhones per quarter - one supplier lowers their revenue by 10% and this is extrapolated as weaker iPhone sales? Do the analysts have a complete list of Apple suppliers, or which suppliers they added or dropped? Do they know if that supplier is the only one for that part, or are their multiple sources? Do they know if Apple purchased higher-than-needed inventory up front for favorable pricing and/or availability, and thus needs less now even though their production runs are as internally estimated? Are analysts privy to any in-line production changes that might affect components used?
The manipulation of stock price, which of course will benefit insiders who are privy to announcements before they're made public, and the superficial scraps of information they use to prop up their estimates is ludicrous and warrants SEC scrutiny. This is not a free speech issue.
Cook said pretty much this during the conference call. Don't try and read very much into supplier data. It's will rarely tell you anything meaningful.
And finally, the natural sales cycle for ANYTHING to ebb after the white heat of a launch. How can an analyst determine if the ebb they are guessing about is higher, lower or on target to Apple's expectations?
What would you want to regulate? This is a free country. Sell-side analysts like Katy Huberty have a job because buy-side investors think it's more cost effective to rely on these reports from analysts. Banks have good compliance measures in place already. Analysts have to report all of their security holdings and they're not supposed to trade anything unless compliance says they can trade. As long as sell-siders aren't lying to buy-siders in their reports and they're being as objective as possible, what would additional regulation cure?
As an Apple shareholder I have the right to criticize the CEO. He works for me.
If people sold their stock every time the CEO disappointed them, no one would make money. CEO's make mistakes all the time. Does not mean you give up on the company.
You are now the troll! You used to rant on here about others that are doing exactly as you are now! Look in the mirror - the problem is you. You clearly do not have the emotional capability to be individually investing in equities - period. Put your money into some funds before your head explodes.
It's OK. We only have to put up with this crap for another 2 weeks
Apple's Investor Relations or PR departments should be taking on false supply chain rumors (and the myriad of other phony analyst stories), not Tim Cook. Just have them forcefully come out and counter the fantasyland narrative being spun at the time. No need whatsoever for Cook to waste his time addressing every self-interested tall tale. The Investor Relations or PR department heads are not doing their job.
How exactly does Apple IR do that? Does someone call up Goldman Sachs and say "hey your supply chain rumors are bogus? I don't know what the rules are around this but my guess is Apple is not going to do anything that could potentially put it in the crosshairs of the SEC.
I think someone in a PR position would be able to publicly combat these rumors and not fall afoul of regulators. Especially of they are simply reiterating already released information.
Investment firm RBC Capital Markets slashed its price target for Apple stock to $140 this week, saying data from the company's extensive supply chain suggests iPhone sales could shrink in 2016.
"Slashed"? Admittedly I'm nit picking, but how is changing the target from $150 to $140 - slashed? A bit a hyperbole if you ask me.
Ok... Now which side of their anal-istic comments should their subscribers listen to.
Sell becouse things ate not as rosy ... Or keep becouse it wiil go up to 140. Oxymoronic ..
That is equivalent of saying nothing..
In either scenario these anal-ists can resort to saying " but i told u so "
I think Tim Cook and Apple management shares the blame as they did nothing to counter the analysts' negativity. On August 24, Apple stock briefly dropped below $92 before Tim Cook sent an email to Crammer saying , essentially, "China is fine". Apple closed the day at $103. He could have done the same thing, saying something to the tune of "please don't look into our supply chain. The iPhone is doing fine". However, he elected not to do so and allow these analysts to control the narrative.
Apple still has a good amount of buyback of their stock to do. It's a win either way for them. Stock goes up, investors are happy. Stock goes down, they can buy back on the cheap.
And please tell us how the $100,000,000,000 they have spent on buybacks has helped the shareholders. The premise that fewer shares = higher eps = higher stock price sure has not worked has it?
These analysts are like a cage full of panicked monkeys. There is little that Tim Cook could do to calm them down even if he was unconstrained by SEC regulations. These are the same simians who predicted doom and gloom for Apple once the helm was passed from Steve Jobs to Time Cook. They want Apple to fail so badly just to say "I told you so" whether it's 5 years or 10 years after the fact. They want that day to come so badly.
I think analysts are hard wired by their backward looking mindsets and biases to assume that, like most products, the iPhone will follow a product lifecycle that eventually puts it on the flat and downward sloping part of the adoption curve. However, Apple's constant updating and infusion of new capabilities and features into iPhone changes the dynamic by creating a "re-adoption" influence. The iPhone also has the ability to constantly transform its capabilities by virtue of the apps that it is able to support, and what those apps can deliver is directly related to the ever increasing capabilities of the iPhone itself. The aggregate capability that the iPhone 6s puts in your hand today is radically different than what the original iPhone delivered. The current iPhone 6s is only distantly related to the original iPhone despite sharing the same name and familial resemblance. Today's iPhone is a much different product and each major release is on its own lifecycle. Unfortunately, in the chimp like minds of analysts we should all still be monkeys and riding the downward slope of the adoption curve rather than being humans because they think the iPhone 6s is still the same product as the original iPhone.
Tim Cook's job is to keep the Apple employees engaged and excited about the work they are doing and obsessively focused on making great products and services. The worst thing he could possibly do would be to react to the crazy monkeys or start poking at them with a stick.
Apple share price isn't suffering from profit taking, rather from constant short selling. Short sellers aren't investors, they borrow stock and bet that the price will drop. For months now, these ruthless wolfpacks of short sellers are suffocating the stock. These shorts won't let Apple catch a breath of fresh air. If the share price closes up just cents, they're working hard during after hours and pre-market, to bring the share price back down. Keep in mind, they can't afford to have the share price go up at all. In order to keep the price down, they're borrowing tens of millions of readily available Apple shares to sell daily. We all know that's how they make their money. So far this year, their relentless, daily pursuit of shorting Apple has paid off. As of November 30, short interest in Apple shares soared by 53%, making it 5th on the list of the most shorted stocks. However, Apple and it's board of directors, can put a temporary end to this feeding frenzy abruptly. In just a couple of weeks of significant (a billion or two of U.S. dollars) buybacks, the shorts will experience a major blow, and the stock will soar. As the short sellers suffer heavy losses, they'll temporarily move on to another stock they can short. When it happens, I hope it blindsides the shorts and catches them by surprise. They've been able to put a bruise on the apple, but it's still edible. Only the lack of consumer demand for Apple iPhones and products, can break this iconic company and so far it's healthy. As of yesterday 12/15, a reliable source in China tells me sales of iPhones are robust and up 10% from last year. Why hasn't any of these well informed analysts commented about that yoy increase of iphone sales? In the United States, consumer demand for the iphone, services, and other products remains consistently high. If you consider recent and future newborns, the iphone market is far from saturation, as another generation of consumers is born. As a long term Apple investor, I'm confident Apple management will stay one step ahead of the competition. Expect Apple's next quarterly earnings report in 2016, to beat the street's expectations again. The stock will recover until the next misleading analysts' information pops up. They've put a bruise on the apple but it's still edible. Go Apple!
Increasingly, I see the Board's weak composition at play here also - ineffective governance. Add to that some over the hill executives failing to execute key strategic goals and sprinkle some Edifice Complex on top and here we are.
Sog needs a doctor and quick or his heart will explode! Buy at a price and hold until you want to sell.. Hopefully at a higher price!! In the meantime who gives a flying f@ck about the share price!
Is Apple in a healthy position..... hell yes! Do people want their products... hell yes! Baring a catastrophe will Apple be around next year... hell yes!
Comments
I think analysts are hard wired by their backward looking mindsets and biases to assume that, like most products, the iPhone will follow a product lifecycle that eventually puts it on the flat and downward sloping part of the adoption curve. However, Apple's constant updating and infusion of new capabilities and features into iPhone changes the dynamic by creating a "re-adoption" influence. The iPhone also has the ability to constantly transform its capabilities by virtue of the apps that it is able to support, and what those apps can deliver is directly related to the ever increasing capabilities of the iPhone itself. The aggregate capability that the iPhone 6s puts in your hand today is radically different than what the original iPhone delivered. The current iPhone 6s is only distantly related to the original iPhone despite sharing the same name and familial resemblance. Today's iPhone is a much different product and each major release is on its own lifecycle. Unfortunately, in the chimp like minds of analysts we should all still be monkeys and riding the downward slope of the adoption curve rather than being humans because they think the iPhone 6s is still the same product as the original iPhone.
Tim Cook's job is to keep the Apple employees engaged and excited about the work they are doing and obsessively focused on making great products and services. The worst thing he could possibly do would be to react to the crazy monkeys or start poking at them with a stick.
Apple's financial performance is outstanding - here is an article that somewhat mirrors my analytic trajectory:
http://www.forbes.com/sites/jaysomaney/2015/12/20/heres-why-tim-cook-has-not-put-the-apple-channel-check-issue-to-bed-once-and-for-all/?utm_campaign=yahootix&partner=yahootix
Increasingly, I see the Board's weak composition at play here also - ineffective governance. Add to that some over the hill executives failing to execute key strategic goals and sprinkle some Edifice Complex on top and here we are.
Buy at a price and hold until you want to sell.. Hopefully at a higher price!! In the meantime who gives a flying f@ck about the share price!
Is Apple in a healthy position..... hell yes!
Do people want their products... hell yes!
Baring a catastrophe will Apple be around next year... hell yes!