1. They hadn't sold a million iPhones by last Wednesday morning, maybe more like 800,000.
2. Some people won't take advantage of the rebate, leaving maybe 600,000.
So that brings it down do maybe $60 million or less. Also, the money must be spent at apple stores, so it might actually increase revenue if people buy things they wouldn't normally buy (bluetooth headset, iPhone case, etc.) So I think this will hurt them less than $30 million in profit. or maybe ~3% of their profit for the quarter.
Remember, the people who bought it in the past two weeks will get $200 off, not $100. That about swamps the percentage of people who will walk away from the $100 rebate.
Sorry, I didn't see "home" computer. That would be far less... take away the big ticket items and pretty much just go with with iLife and iwork, plus a few little apps. Max on my home machine would be 500 tops.
After examining iPod unit data from the month of July, researchers at Piper Jaffray say Apple is on track to sell 10 - 11 million iPods in total during the three-month period ending September 29th.
$211 a share has always been a PJ pipe dream. Apple would probably split long before that point. A bunch of numbers PJ never plugged in was the housing and credit collapse and unemployment snafu. It really doesn't matter how good iPods and iPhones are if the people can't afford them. Many of the Apple shorters are probably buying all their stock on credit, so at any point they hear some negative news and think the stock is going south, they sell off without looking at the big picture. They're useless chumps. Apple stock will be in the dumpster until strong holiday sales figures are proven. Right now the American economy is crap. Maybe it'll help get interest rate cuts.
The day the iPhone price was cut, 82 mil shares were traded. What sort of dipsticks set that fire sale in motion?
Good products obviously doesn't always equate to a high stock price. You really gotta convince (or convincingly lie to) investors that everything is PERFECT to get their trust. Or have some big name or institution just pushing a stock to keep it hot. What the heck makes BlackBerry stock so hot? The iPhone has the potential to smoke any model they got. Apple's profit margins are probably much better. Sure RIM sells to corporations, but the iPhone will sell in greater quantity with only a couple of models against all the multitude of BB models. I'll bet users will LOVE their iPhones and Touch's far more than some BlackBerry (OK that's just weird). What car manufacturer is building BlackBerry-ready cars? If the iPhone can ever get some corporate push e-mail server solution, kiss the BlackBerry reign goodbye.
So Apple's stock is currently stuck in quicksand and that's the name of that tune. A fair number of Apple stock investors have no balls and they're pathetic. Better luck next year on that high target price. I'm impatient for the stock to move up but I'll just have to stick it out a bit longer until some asshats come to their senses.
$211 a share has always been a PJ pipe dream. Apple would probably split long before that point.
We don't know that, it's been beaten to death, but people put off by the price of an unsplit share really aren't thinking straight. I forget who, it might be Jobs, that said that they really don't feel the pressure to split as they might have in the past. Unsplit shares might even help with regards to your rant, if people think the price is too high because the price per share is high, then you don't want those investors. You want investors to look at the bigger picture.
Besides, even if it does split, if the price goes to $105.50 after a 2:1 split, then the projection would still be considered accurate. It's the same difference, 2 after-split shares at $105.50 would be the same money as an unsplit share at $211. I really don't know of anyone that doesn't adjust projections according to splits.
Comments
This will not cost Apple $100 million.
1. They hadn't sold a million iPhones by last Wednesday morning, maybe more like 800,000.
2. Some people won't take advantage of the rebate, leaving maybe 600,000.
So that brings it down do maybe $60 million or less. Also, the money must be spent at apple stores, so it might actually increase revenue if people buy things they wouldn't normally buy (bluetooth headset, iPhone case, etc.) So I think this will hurt them less than $30 million in profit. or maybe ~3% of their profit for the quarter.
Remember, the people who bought it in the past two weeks will get $200 off, not $100. That about swamps the percentage of people who will walk away from the $100 rebate.
After examining iPod unit data from the month of July, researchers at Piper Jaffray say Apple is on track to sell 10 - 11 million iPods in total during the three-month period ending September 29th.
The day the iPhone price was cut, 82 mil shares were traded. What sort of dipsticks set that fire sale in motion?
Good products obviously doesn't always equate to a high stock price. You really gotta convince (or convincingly lie to) investors that everything is PERFECT to get their trust. Or have some big name or institution just pushing a stock to keep it hot. What the heck makes BlackBerry stock so hot? The iPhone has the potential to smoke any model they got. Apple's profit margins are probably much better. Sure RIM sells to corporations, but the iPhone will sell in greater quantity with only a couple of models against all the multitude of BB models. I'll bet users will LOVE their iPhones and Touch's far more than some BlackBerry (OK that's just weird). What car manufacturer is building BlackBerry-ready cars? If the iPhone can ever get some corporate push e-mail server solution, kiss the BlackBerry reign goodbye.
So Apple's stock is currently stuck in quicksand and that's the name of that tune. A fair number of Apple stock investors have no balls and they're pathetic. Better luck next year on that high target price.
We don't know that, it's been beaten to death, but people put off by the price of an unsplit share really aren't thinking straight. I forget who, it might be Jobs, that said that they really don't feel the pressure to split as they might have in the past. Unsplit shares might even help with regards to your rant, if people think the price is too high because the price per share is high, then you don't want those investors. You want investors to look at the bigger picture.
Besides, even if it does split, if the price goes to $105.50 after a 2:1 split, then the projection would still be considered accurate. It's the same difference, 2 after-split shares at $105.50 would be the same money as an unsplit share at $211. I really don't know of anyone that doesn't adjust projections according to splits.