You can insert all the excuses you want to but a CEO of any publicly traded company selling shares at this rate only means one thing, PERIOD.
He believes that the price of APPL is higher now than it will be in the foreseeable future.
This is a cash grab.
If you are Larry Ellison it only means you have another yacht payment to meet.
Well, if you look at all the articles and speculation about Apple,
it'd be a great idea to sell right around now when the stock is near
historic high. Current articles, news and speculation don't point to much more than a yawn.
In fact, there are a lot of
signs that right now is definitely not the best time to own Apple
Stock. Removing headphone jacks to carve out a potential $100 headphone sale option is
one. Another is the fact Apple is willing to sell two models of iPhones
(the world-wide version features cheaper chips and also require Apple
to handicap the faster model. Then there's the 3-year old desktop
computer model which sells at the same price as three years ago. Apple
software problems with phones turning off at 30% charge. Cutting corners and issues with new models are not something "premium" or
luxury brands would normally do. Apple has become a commodity.
I have a
theroy- when Pension Plans for School Districts ultimately pull
investment, in favor for higher-performing stock, Apple will go in
freefall. During Republican Administrations, it becomes difficult for
school districts to justify Apple's Premium price for computer the staff
and students can use.
There is one bright spot and that is the
fact Apple has done an ok job with advertising. They are better now
that the ad company successfully sued Apple for creative control.
You can insert all the excuses you want to but a CEO of any publicly traded company selling shares at this rate only means one thing, PERIOD.
He believes that the price of APPL is higher now than it will be in the foreseeable future.
This is a cash grab.
Yep, the Sells may have been planned a long time ago, but when to release the financial results was probably planned much more recently. In 2014-2016 the financials were released on either January 26 or 27 according to Apples website. This year they are push back to the 31st.
For those years the first quarter ended sooner than it did for this year. Apple's quarters end on Saturdays, not on the last day of a month. For the years you referred to, the earnings release came either 30 or 31 days after the end of the first quarter just as it will this year. The releases for those years came on either the Monday or Tuesday that was 4 weeks plus past the Saturday on which the quarter ended. That's been pretty typical for Apple over the last few years (though there have been exceptions).
This latest set of share sales by Mr. Cook began on the 17th and Apple's earning release certainly wouldn't have come sooner than that. At a minimum it would have been 3 weeks plus after the quarter ended.
These recent sales were most likely triggered by AAPL hitting $120, not by a date selected a year and a half ago. Since that plan was put in place, there have been two times when AAPL hit $120. Both times Mr. Cook has sold shares over a period of several days. And those two times are the only times Mr. Cook has sold shares during that period other than right after the vesting of a block of shares.
Good Point. Then it should be at least 7% higher than the quarter 2 years ago (easily) comparing the iPhone7 to the iPhone6. Actually with the watch Apple has another product so it should be even higher. With additional income from Apple music, the apps store setting records, and apple pay this should be a blockbuster quarter. Hopefully $80 Billion or more. If they had the AirPods out earlier it probably would have been an extra $1 Billion.
Comments
Well, if you look at all the articles and speculation about Apple, it'd be a great idea to sell right around now when the stock is near historic high. Current articles, news and speculation don't point to much more than a yawn.
In fact, there are a lot of signs that right now is definitely not the best time to own Apple Stock. Removing headphone jacks to carve out a potential $100 headphone sale option is one. Another is the fact Apple is willing to sell two models of iPhones (the world-wide version features cheaper chips and also require Apple to handicap the faster model. Then there's the 3-year old desktop computer model which sells at the same price as three years ago. Apple software problems with phones turning off at 30% charge. Cutting corners and issues with new models are not something "premium" or luxury brands would normally do. Apple has become a commodity.
I have a theroy- when Pension Plans for School Districts ultimately pull investment, in favor for higher-performing stock, Apple will go in freefall. During Republican Administrations, it becomes difficult for school districts to justify Apple's Premium price for computer the staff and students can use.
There is one bright spot and that is the fact Apple has done an ok job with advertising. They are better now that the ad company successfully sued Apple for creative control.