i thought steve jobs say you have to innovate during recession. i assume that means release new products?? or do you innovate now and then wait for economy to improve then release it.
No, Steve's master plan will be to introduce "The Box"!
What's in this box?
Something every consumer wants and every envious competitor will spend gobbs of R&D money to produce their version of "The Box"! Only, it will be a figment of Steve's innovation magination. No Apple R&D dollars spent, just the pretense of another highly acclaimed Apple product that it's competitors will spend themselves into bankruptcy imitating when making their "killer" product.
And as the competitor's gasp for their last financial breath, Steve will pull the plug and Apple will take over the world! (insert mad scientist laugh here).
Who would have thought, Steve, the REAL Dr. Evil! Only Steve has MOJO, yeah baby, yeah!
In particular, Bailey noted ongoing chatter of a "an upcoming touch-screen tablet," but said "it seems that this product is still in the development stage and will probably not be launched until the middle or back half of 2009."
To sum up, his analysis is based on hanging around forums like AI. That's funny.
I agree with the above post, Apple's touch interface has been a huge success. For sure, they will use it in bigger format products. Touch is the future!
Will thay launch a tablet in Jan? Who knows?
Seems like Apple prefers to launch the biggest innovation at MW (am I right?). A tablet would be comparable to iPhone in terms of innovation. So, if not now, they would like to wait until next MW. That would be a bit late, when HP has already launched a product. If HP is ready, others could have tablets ready over the next 6-9 months.
Apple late to the touch tablet party when they probably had a 3-5 years head start? Seems strange.
AMEN, the only thing these epic tools have the ability to see any more are their own colon walls.
Apple is the onyl current safe haven as far as I am concerned.
You're absolutely correct a severe case of Rectal Octalitis. After my last post I did a little research and found that Goldman Sachs is ranked at the 14th in institutional ownership catagory for both Microsoft and Apple. At the end of last quater GS had sold down it's positions in both companies by 15.2% and 18.4% respectively bringing their institutional ownerships down to 1.28% and 1.10% respectively. So it will be interesting to see if they repurchase this QUARTER after they've depressed the price. Considering that Institutions own over 60% of both companies it's to their advantage and our detriment as individual equity investors. This type of information at Nasdaq.com and institutional holding for each equity you wish information on.
I feel that Apple should pay a decent Dividend and stick it all those who bailed and then maybe they will go to their financial advisors and move their accounts to someone who cares.
Who is goldman sachs to say what a company is worth or not? Those idiots got them selves into trouble just a couple months ago. Guess what company who was downgraded has and has had no debt, AAPL! I think those people are stupid for listening to some company. Do your own damn research and learn something. Apple is a solid company because of their ratios (except recently when theyve been affected by the retarded economy) and the debt and how they have their assets organized. I wish idiots would get out of the stock market and stop screwing it up.
Apple should use the downturn in the economy as the perfect opportunity to shore up/beef up its product lines (ahem, the mini), not introduce new ones. Bustling economies are when you unveil lavish state-of-the-art tech, not recessions, and I agree with earlier comments that to unveil a new product (like a netbook) now would be a mistake. That, and I just don't see netbooks pushing the edge of "mainstream" in the US as someone commented earlier. Maybe so in Japan, where mini portable notebooks have been the rage for many years, but not here. Hence that's why Steve and Apple are playing it cool on the sidelines for now- they're waiting to see which way the wind blows, and it changes pretty often. I agree with the general forecast by GS, and yes, I don't believe Macworld with be anything spectacular this year. I think Apple will be conservative and hunker down at least until mid summer of next year.
I wanna be a so-called analyst. I can just follow rumors and nuance and make up proprietary formulas that no one can examine and put out an investors' note to say not to buy something. When so many people disagree when looking at the same raw data, it means you're not coming to any worthwhile conclusions.
Knowing the cloak-and-dagger ways of Apple, why should we trust anyone with "inside info"? Just because factory checks say nothing is there, doesn't mean nothing will be announced. They could do another iPhone-style intro, where they mention it now and it's not ready until March or April.
Who is goldman sachs to say what a company is worth or not? Those idiots got them selves into trouble just a couple months ago. Guess what company who was downgraded has and has had no debt, AAPL! I think those people are stupid for listening to some company. Do your own damn research and learn something. Apple is a solid company because of their ratios (except recently when theyve been affected by the retarded economy) and the debt and how they have their assets organized. I wish idiots would get out of the stock market and stop screwing it up.
Right ON Paladinkn00be.
Apple has become a sure bet for traders and shorts. If long investors do their homework and research and stand by their convictions to hold long and if institutional investors want to get any clients to trust them, they should also once again engage in real investing and protect value and have some conviction, then Apple will really see it’s potential. Get rid of the shorts, hedge funds and unscrupulous brokers, invest for yourself in value and screw all the middle manipulators. It takes a lot but can be done if anyone wants anything to count on.
Who is Goldman Sachs to say what a company is worth or not? Those idiots got themselves into trouble just a couple months ago. Guess what company that was downgraded was and has had no debt, AAPL! I think those people are stupid for listening to some company. Do your own damn research and learn something. Apple is a solid company because of their ratios (except recently when they've been affected by the retarded economy) and the debt and how they have their assets organized. I wish idiots would get out of the stock market and stop screwing it up.
Recession = tightening of the wallet = bad for Apple. That's great that Apple has no debt, but speaking truthfully, a company that does not finance at least some degree of debt causes eyebrows to raise, and not in a good way. Debt is usually an indicator of growth, and one would expect that a company with Apple's profits would be financing debt. Also, the bad economy nabs Apple where it hurts- those who are looking to by computer electronics, and premium computers at that. If people/families are tightening their wallets, they are most likely to cut back on splurging for high-end product's like Apple's. I think that's the main reason behind the downgrade- gloom over Apple's current position.
I wrote a book about ten years ago and still have about 30 copies left. It was about misunderstood song lyrics and it wasn't just the right and wrong lyrics listed, I had editorial comments for each and every one. I sold them for ten bucks each plus $2.50 for Priority Mail shipping in the US.
a few European newspapers printing pictures of a brand new iPhone today, with details including a 128gb drive, 2 cameras one for pics and one for vid conferencing and bigger battery capacity... source apparently, the infinite loop? That's one heavy rumor where someone already produced a picture of the new 4G iphone.
Recession = tightening of the wallet = bad for Apple. That's great that Apple has no debt, but speaking truthfully, a company that does not finance at least some degree of debt causes eyebrows to raise, and not in a good way. Debt is usually an indicator of growth, and one would expect that a company with Apple's profits would be financing debt. Also, the bad economy nabs Apple where it hurts- those who are looking to by computer electronics, and premium computers at that. If people/families are tightening their wallets, they are most likely to cut back on splurging for high-end product's like Apple's. I think that's the main reason behind the downgrade- gloom over Apple's current position.
Check out the history from the early 2000s and see how Apple came out of that crash....
The question isn't if Apple has good long-term prospects, it is who has the best prospects. As for cash, Apple has slightly less on hand than Cisco... who will fare better over the next 12 months?
Sadly, it is reasonable to expect AAPL to have another year of negligible growth in share price-- unless there is a major driver for growth introduced. People still underestimate the iPhone's strength, but there is more and more competition in that market now. What will Apple do to get another leg up? What will Apple do to respond to areas of their product mix that will see a decline?
It isn't a case of "the end of the world is nigh," but people want safety right now.
Recession = tightening of the wallet = bad for Apple. That's great that Apple has no debt, but speaking truthfully, a company that does not finance at least some degree of debt causes eyebrows to raise, and not in a good way. Debt is usually an indicator of growth, and one would expect that a company with Apple's profits would be financing debt. Also, the bad economy nabs Apple where it hurts- those who are looking to by computer electronics, and premium computers at that. If people/families are tightening their wallets, they are most likely to cut back on splurging for high-end product's like Apple's. I think that's the main reason behind the downgrade- gloom over Apple's current position.
Gloom is not data, nor is it logic. It's simply a feeling that the sky is falling. The financial world ought to be treated like the scientific world -- don't say anything unless you have data.
People will buy Apple, just like they'll buy anything else. Also, recall that Apple buyers tend to be higher-income individuals who may not be affected as much as the "average consumer" (whomever that is).
Apple is not going to introduce a radically new form factor or new line at this time. They will continue incremental product upgrades and add to iTunes services to minimize expenditures. There is no way a tablet will come out at this time. I guar-on-tee it.
I "feels" too early. I agree. They literally had too much to do. My gut says WWDC 2009 for the Mac touch demo + SDK.
This headline is pretty misleading - they didn't say there wouldn't be new products, just no new product CATEGORIES. Big difference.
Expecting a new product category every MWSF is too much anyway. Apple can get plenty of excitement, controversy (overall buzz) with a product update.
Quote:
Originally Posted by SpamSandwich
No kidding. Anyone who calls this the Second Great Depression ("Sloppy Second Depression"?) hasn't a clue in the world.
It is definitely hyperbolic, though the recession is still a serious matter, nowhere near depression.
Quote:
Originally Posted by crees!
Ditto. I choose not to participate and am going on with business as usual.
I agree, provided that your idea of "business as usual" doesn't involve deficit spending, I think that's where a lot of financial instability comes from.
(( News Item: Goldman Sachs analyst downgraded shares of Apple to Neutral from Buy for the first time since July 20, 2006. ))
What a complete joke. Downgrading a stock such as Apple to "neutral" is a complete cop out by Goldman Sachs. This venerable institution needs to institutionalize some of its so called analysts who need some serious analysis themselves. Apple is doing extremely well across all their market segments and are so well placed when the consumer market rebounds in late 2009 that they make Microsoft, Dell and HP look like basket cases. When an investment analyst glosses over the truly incredible sales activities that a company such as Apple can deliver during a down market and only accentuate the negative...well let's just say I suspect that someone has a vested interest in "shorting" Apple stock. Let's hope that everyone well see through this brazenly thin justification for a smack down of Apple's stock.
And I'd hardly call the Macbook Air a "major new product" either, in terms of sales potential, and Apple did just fine in 2008. I think the biggest risk for Apple in the short term is simply the bad economy which is going to hurt them, it's just a matter of how much.
I don't know what charts you're looking at but Apple has a 52 week high of 202.96 and it closed today at 94.75. I would call that "just fine" and neither do the stock holders.
Comments
Isn’t Paulson the guy guy who said the economy was robust and strong just before it tanked?
Didn't GS risk and debt go over the top during his tenure?
What credibility does GS have?
What motive does it have for downgrading a winner just before earnings???
Maybe anyone covering a stock should be barred from trading it…..
i thought steve jobs say you have to innovate during recession. i assume that means release new products?? or do you innovate now and then wait for economy to improve then release it.
No, Steve's master plan will be to introduce "The Box"!
What's in this box?
Something every consumer wants and every envious competitor will spend gobbs of R&D money to produce their version of "The Box"! Only, it will be a figment of Steve's innovation magination. No Apple R&D dollars spent, just the pretense of another highly acclaimed Apple product that it's competitors will spend themselves into bankruptcy imitating when making their "killer" product.
And as the competitor's gasp for their last financial breath, Steve will pull the plug and Apple will take over the world!
Who would have thought, Steve, the REAL Dr. Evil! Only Steve has MOJO, yeah baby, yeah!
In particular, Bailey noted ongoing chatter of a "an upcoming touch-screen tablet," but said "it seems that this product is still in the development stage and will probably not be launched until the middle or back half of 2009."
To sum up, his analysis is based on hanging around forums like AI. That's funny.
I agree with the above post, Apple's touch interface has been a huge success. For sure, they will use it in bigger format products. Touch is the future!
Will thay launch a tablet in Jan? Who knows?
Seems like Apple prefers to launch the biggest innovation at MW (am I right?). A tablet would be comparable to iPhone in terms of innovation. So, if not now, they would like to wait until next MW. That would be a bit late, when HP has already launched a product. If HP is ready, others could have tablets ready over the next 6-9 months.
Apple late to the touch tablet party when they probably had a 3-5 years head start? Seems strange.
Keeping my fingers crossed,
Daniel
AMEN, the only thing these epic tools have the ability to see any more are their own colon walls.
Apple is the onyl current safe haven as far as I am concerned.
You're absolutely correct a severe case of Rectal Octalitis. After my last post I did a little research and found that Goldman Sachs is ranked at the 14th in institutional ownership catagory for both Microsoft and Apple. At the end of last quater GS had sold down it's positions in both companies by 15.2% and 18.4% respectively bringing their institutional ownerships down to 1.28% and 1.10% respectively. So it will be interesting to see if they repurchase this QUARTER after they've depressed the price. Considering that Institutions own over 60% of both companies it's to their advantage and our detriment as individual equity investors. This type of information at Nasdaq.com and institutional holding for each equity you wish information on.
I feel that Apple should pay a decent Dividend and stick it all those who bailed and then maybe they will go to their financial advisors and move their accounts to someone who cares.
Knowing the cloak-and-dagger ways of Apple, why should we trust anyone with "inside info"? Just because factory checks say nothing is there, doesn't mean nothing will be announced. They could do another iPhone-style intro, where they mention it now and it's not ready until March or April.
Who is goldman sachs to say what a company is worth or not? Those idiots got them selves into trouble just a couple months ago. Guess what company who was downgraded has and has had no debt, AAPL! I think those people are stupid for listening to some company. Do your own damn research and learn something. Apple is a solid company because of their ratios (except recently when theyve been affected by the retarded economy) and the debt and how they have their assets organized. I wish idiots would get out of the stock market and stop screwing it up.
Right ON Paladinkn00be.
Apple has become a sure bet for traders and shorts. If long investors do their homework and research and stand by their convictions to hold long and if institutional investors want to get any clients to trust them, they should also once again engage in real investing and protect value and have some conviction, then Apple will really see it’s potential. Get rid of the shorts, hedge funds and unscrupulous brokers, invest for yourself in value and screw all the middle manipulators. It takes a lot but can be done if anyone wants anything to count on.
Who is Goldman Sachs to say what a company is worth or not? Those idiots got themselves into trouble just a couple months ago. Guess what company that was downgraded was and has had no debt, AAPL! I think those people are stupid for listening to some company. Do your own damn research and learn something. Apple is a solid company because of their ratios (except recently when they've been affected by the retarded economy) and the debt and how they have their assets organized. I wish idiots would get out of the stock market and stop screwing it up.
Recession = tightening of the wallet = bad for Apple. That's great that Apple has no debt, but speaking truthfully, a company that does not finance at least some degree of debt causes eyebrows to raise, and not in a good way. Debt is usually an indicator of growth, and one would expect that a company with Apple's profits would be financing debt. Also, the bad economy nabs Apple where it hurts- those who are looking to by computer electronics, and premium computers at that. If people/families are tightening their wallets, they are most likely to cut back on splurging for high-end product's like Apple's. I think that's the main reason behind the downgrade- gloom over Apple's current position.
Dude, if you write a book, I'm buying it.
Jimzip
I wrote a book about ten years ago and still have about 30 copies left. It was about misunderstood song lyrics and it wasn't just the right and wrong lyrics listed, I had editorial comments for each and every one. I sold them for ten bucks each plus $2.50 for Priority Mail shipping in the US.
How many copies do you want?
Recession = tightening of the wallet = bad for Apple. That's great that Apple has no debt, but speaking truthfully, a company that does not finance at least some degree of debt causes eyebrows to raise, and not in a good way. Debt is usually an indicator of growth, and one would expect that a company with Apple's profits would be financing debt. Also, the bad economy nabs Apple where it hurts- those who are looking to by computer electronics, and premium computers at that. If people/families are tightening their wallets, they are most likely to cut back on splurging for high-end product's like Apple's. I think that's the main reason behind the downgrade- gloom over Apple's current position.
Check out the history from the early 2000s and see how Apple came out of that crash....
Sadly, it is reasonable to expect AAPL to have another year of negligible growth in share price-- unless there is a major driver for growth introduced. People still underestimate the iPhone's strength, but there is more and more competition in that market now. What will Apple do to get another leg up? What will Apple do to respond to areas of their product mix that will see a decline?
It isn't a case of "the end of the world is nigh," but people want safety right now.
Recession = tightening of the wallet = bad for Apple. That's great that Apple has no debt, but speaking truthfully, a company that does not finance at least some degree of debt causes eyebrows to raise, and not in a good way. Debt is usually an indicator of growth, and one would expect that a company with Apple's profits would be financing debt. Also, the bad economy nabs Apple where it hurts- those who are looking to by computer electronics, and premium computers at that. If people/families are tightening their wallets, they are most likely to cut back on splurging for high-end product's like Apple's. I think that's the main reason behind the downgrade- gloom over Apple's current position.
Gloom is not data, nor is it logic. It's simply a feeling that the sky is falling. The financial world ought to be treated like the scientific world -- don't say anything unless you have data.
People will buy Apple, just like they'll buy anything else. Also, recall that Apple buyers tend to be higher-income individuals who may not be affected as much as the "average consumer" (whomever that is).
What will Apple do to get another leg up? What will Apple do to respond to areas of their product mix that will see a decline?
Just what they've done since the early 2000s ( or always) ..Innovate and excite and just stay on course.
Apple is not going to introduce a radically new form factor or new line at this time. They will continue incremental product upgrades and add to iTunes services to minimize expenditures. There is no way a tablet will come out at this time. I guar-on-tee it.
I "feels" too early. I agree. They literally had too much to do. My gut says WWDC 2009 for the Mac touch demo + SDK.
100% wrong as usual Spammy.
How dare you! Spam is a God around here.
This headline is pretty misleading - they didn't say there wouldn't be new products, just no new product CATEGORIES. Big difference.
Expecting a new product category every MWSF is too much anyway. Apple can get plenty of excitement, controversy (overall buzz) with a product update.
No kidding. Anyone who calls this the Second Great Depression ("Sloppy Second Depression"?) hasn't a clue in the world.
It is definitely hyperbolic, though the recession is still a serious matter, nowhere near depression.
Ditto. I choose not to participate and am going on with business as usual.
I agree, provided that your idea of "business as usual" doesn't involve deficit spending, I think that's where a lot of financial instability comes from.
What a complete joke. Downgrading a stock such as Apple to "neutral" is a complete cop out by Goldman Sachs. This venerable institution needs to institutionalize some of its so called analysts who need some serious analysis themselves. Apple is doing extremely well across all their market segments and are so well placed when the consumer market rebounds in late 2009 that they make Microsoft, Dell and HP look like basket cases. When an investment analyst glosses over the truly incredible sales activities that a company such as Apple can deliver during a down market and only accentuate the negative...well let's just say I suspect that someone has a vested interest in "shorting" Apple stock. Let's hope that everyone well see through this brazenly thin justification for a smack down of Apple's stock.
And I'd hardly call the Macbook Air a "major new product" either, in terms of sales potential, and Apple did just fine in 2008. I think the biggest risk for Apple in the short term is simply the bad economy which is going to hurt them, it's just a matter of how much.
I don't know what charts you're looking at but Apple has a 52 week high of 202.96 and it closed today at 94.75. I would call that "just fine" and neither do the stock holders.