Wall Street hasn't been about actually investing to create things for a long, long time. It's now about passing money around and skimming off the top to make the rich richer, and never to create a single job.
Apple is out profiting Everyone. And I mean EVERY COMPANY ON EARTH.
Yet these 'experts' are not impressed.
When society finally breaks down, Wall Streeters will be the first ones eaten.
So Wall Street and investors should not be concerned by the fact that was acknowledged by Tim Cook last night that Apple is growing top line slower than the overall smartphone market? They shouldn't be concerned that Apple just announced they expect a massive decline in year over year earnings? They shouldn't care that the risk of the strategy is higher, not lower, when management puts all products out all at once creating execution issues themselves? I'll have to check the numbers, but I think Samsung is now expected to make more money than Apple in the June and Sept. quarters. Once the king of the hill, the are playing second fiddle from a growth and future earnings perspective, regardless of the quality of the products, what their history has been in the past, etc. Times have changed. Big investors are bailing and betting on another horse because as someone put it last night after the call, 'Apple's product roadmap is a rudderless ship right now.' I just listened to a bullish analyst who basically said who cares about new products, the main concern now is can they even do the simple stuff any management team, any reasonable investor would expect them to do and that the answer remains and open one as they haven't shown the market an ability to do nearly anything in the face of the competitive onslaught, so many investors fear its too late, they were caught flat-footed and are simply playing catch-up.
Revenue is falling off a cliff in the early innings of a smartphone growth cycle. How can a company in a secular growth market slow revenue growth so dramatically (actually negative revenue growth forecasted this qtr I believe), with earnings slowing even more? The answer to that is the question that will make investors a lot of money on either the long or short side from here.
When society finally breaks down, Wall Streeters will be the first ones eaten.
And rightly so. From the Bonfire of the Vanities:
JUDY Here. Let me try. Darling, Daddy doesn't build roads or hospitals or anything, really. Daddy just handles the bonds for the people who raise the money. CAMPBELL That's what he said. Bonds.
JUDY Yes. See, just imagine that a bond is a slice of cake. Now you didn't bake that cake, but every time you hand somebody a slice of that cake, a little bit comes off, little crumbs fall off. And you're allowed to keep those crumbs. (CONTINUED) 39.
102 CONTINUED: (2) 102 SHERMAN Crumbs? Really...
MR. McCOY (pointedly) And many a man has sold his soul for those little crumbs.
JUDY (enjoying this) Yes. And that's what Daddy does. He passes somebody else's cake around and picks up the crumbs. But you have to imagine a lot of crumbs. And a great golden cake. And a lot of golden crumbs. And you have to imagine Daddy running around picking up every little golden crumb he can get his hands on. That's what Daddy does.
here is my notion on this matter. the iPhone 5, iPad 4, iPod Touch 5, the new nano, new lineup of Macs were all introduced in THE FALL!!! how is it a surprise that the market would not see a new device until then. Tgese market analysts can take a freaking hike if you ask me. you know Apple's trends, why are you so surprised.
The one word I have to sum these people up with is, Morons!
Cook is making the big mistake of caring what investors think. Cook is taking SJ's final words to him "Don't ask, "What would Steve do"?" too seriously. SJ would say, ignore Wall Street. Cook and the other boys ask what would Steve do. SJ would be right.
Where is the logic in having these huge product release holes, and then releasing a whole crapload of stuff at once? Do you not want to spread out your product releases throughout the year, instead of everything arriving around the same time and not being able to meet demand?
I can already see the headlines for the rest of 2013.
New Apple products finally announced, after a summer of absolutely no new Apple releases and no real product news, besides retarded rumors of course, which never end, not even for a single day. Macbook supplies constrained. iPhone supplies constrained. iPad supplies constrained.
Foxconn workers revolt, forced to work overtime, in order to meet increased ramp up of production of Apple products. 127 Chinese people jump to their deaths while making iPhones. Foxconn workers now ordered to wear parachutes while working. The New York Times and Mike Daisy have orgasms.
Apple finally releases budget iPhone. Will first be released in Somalia, Afghanistan and Haiti. 18 other countries to follow shortly thereafter.
Same Analysts who called for budget iPhone now attack Apple for declining margins, caused by budget iPhone and the cannibalization of premium iPhone. Same analysts lower their price targets for Apple yet again, due to declining margins.
Every five weeks, Chinese state run media will launch a new set of attacks against Apple.
Where is the logic in having these huge product release holes, and then releasing a whole crapload of stuff at once? Do you not want to spread out your product releases throughout the year, instead of everything arriving around the same time and not being able to meet demand?
I can already see the headlines for the rest of 2013.
New Apple products finally announced, after a summer of absolutely no new Apple releases and no real product news, besides retarded rumors of course, which never end, not even for a single day. Macbook supplies constrained. iPhone supplies constrained. iPad supplies constrained.
Foxconn workers revolt, forced to work overtime, in order to meet increased ramp up of production of Apple products. 127 Chinese people jump to their deaths while making iPhones. Foxconn workers now ordered to wear parachutes while working. The New York Times and Mike Daisy have orgasms.
Apple finally releases budget iPhone. Will first be released in Somalia, Afghanistan and Haiti. 18 other countries to follow shortly thereafter.
Same Analysts who called for budget iPhone now attack Apple for declining margins, caused by budget iPhone and the cannibalization of premium iPhone. Same analysts lower their price targets for Apple yet again, due to declining margins.
Every five weeks, Chinese state run media will launch a new set of attacks against Apple.
I could continue, but I won't.
Not only not meeting demand but forcing people to choose which device to buy. Not many people can afford a iPhone, iPads, or Mac all at once especially around the holidays. Much easier to buy when they're spread out throughout the year.
My two cents... I'm disappointed that Apple doesn't appear to have anything for the next 5-6 months that could be a game changer, because that is the only way the stock could get back to $600.
But, I am happy about the share repurchase, as it seems to track pretty well with the reduced profit expectation, so EPS should flatten out to a point of stability.
As for the punditry talking about what Apple should make now, it is amusing. The reason the 4 and 4S are still so successful is because people like the look of them, they are cost competitive, and the owners don't need to spend another $40-60+ on new cables or adapters.
Products run their course, and disruptive innovation takes over. If you are lucky a product lives a long "maintenance" life like the Mac, and provides a foundation for the future.
My two cents... I'm disappointed that Apple doesn't appear to have anything for the next 5-6 months that could be a game changer, because that is the only way the stock could get back to $600.
But, I am happy about the share repurchase, as it seems to track pretty well with the reduced profit expectation, so EPS should flatten out to a point of stability.
As for the punditry talking about what Apple should make now, it is amusing. The reason the 4 and 4S are still so successful is because people like the look of them, they are cost competitive, and the owners don't need to spend another $40-60+ on new cables or adapters.
Products run their course, and disruptive innovation takes over. If you are lucky a product lives a long "maintenance" life like the Mac, and provides a foundation for the future.
Interesting article but how can Apple consume the iPhone when it's so many things already. It was easy to consume the iPod because it served one purpose. Integrating it was easy. What other product is out there that people aren't using much that Apple can reinvent or revolutionize?
As concerned as everyone else is about supply chain issues and single quarter product intros, I'm keeping faith that Apple knows what the heck they are doing. Wall Street needs to butt-out and let Apple do what they do best. Run the most successful company in the last 10 years and make the greatest tech products and services than anyone else in the last 10 years. Jobs thought that way, Warren Buffet thinks this way too. Just butt-out and let them do their job.
This morning on CNBC, Joe Kernan called Apple a "gadget maker". Seem pretty clear now that is the Wall Street sentiment on the company. Apple is a maker of gadgets and should be pumping out new toys every 6 months. And not just any toys, but mind blowing revolutionary products that only Steve Jobs would think of.
Speculators are mad because they can't make quick money in the short-term churning Apple stock
Investors see strong financials, a huge loyal customer base, excellent products, great cash reserve, plans to increase the dividends and stock buy backs and see that Apple should out perform the market and most companies for years ahead.
Where is the logic in having these huge product release holes, and then releasing a whole crapload of stuff at once? Do you not want to spread out your product releases throughout the year, instead of everything arriving around the same time and not being able to meet demand?
I can already see the headlines for the rest of 2013.
New Apple products finally announced, after a summer of absolutely no new Apple releases and no real product news, besides retarded rumors of course, which never end, not even for a single day. Macbook supplies constrained. iPhone supplies constrained. iPad supplies constrained.
Foxconn workers revolt, forced to work overtime, in order to meet increased ramp up of production of Apple products. 127 Chinese people jump to their deaths while making iPhones. Foxconn workers now ordered to wear parachutes while working. The New York Times and Mike Daisy have orgasms.
Apple finally releases budget iPhone. Will first be released in Somalia, Afghanistan and Haiti. 18 other countries to follow shortly thereafter.
Same Analysts who called for budget iPhone now attack Apple for declining margins, caused by budget iPhone and the cannibalization of premium iPhone. Same analysts lower their price targets for Apple yet again, due to declining margins.
Every five weeks, Chinese state run media will launch a new set of attacks against Apple.
I could continue, but I won't.
It is difficult. I am sure Apple has an 'ideal' release cycle, but what do you do if you fail to meet your own deadline? You want the product out asap. Holding on to it may be a bad move. Do you waste time and enrgy and release an interim product that everyone will hate, or be disappointed at? 'Making Stuff' is hard, and getting it 'right' is very hard. I completely think it is ok for Apple to follow its own beat and deliver when they can. Not to say it is ideal to bunch releases up... but it'll make for a fun month or two.
By clearly implying fall keeps the stock affordable to repurchase - explains the logic of the payback decision timing. The word "surprise" was prevalent yesterday too - why would Apple give Samsung a heads up of a pending launch, hopefully a surprise in this half - a bloody mac pro at least - either way confidently long still
Not only not meeting demand but forcing people to choose which device to buy. Not many people can afford a iPhone, iPads, or Mac all at once especially around the holidays. Much easier to buy when they're spread out throughout the year.
One, we don't know what's coming out this fall. Two, Cook said this fall and 2014 which leads me to believe they're getting their ducks in a row for 2014 to be able to push big things out across the whole year. I doubt Apple is intentionally holding things back to release them all in one quarter.
Comments
Quote:
Originally Posted by AppleZilla
Wall Street hasn't been about actually investing to create things for a long, long time. It's now about passing money around and skimming off the top to make the rich richer, and never to create a single job.
Apple is out profiting Everyone. And I mean EVERY COMPANY ON EARTH.
Yet these 'experts' are not impressed.
When society finally breaks down, Wall Streeters will be the first ones eaten.
So Wall Street and investors should not be concerned by the fact that was acknowledged by Tim Cook last night that Apple is growing top line slower than the overall smartphone market? They shouldn't be concerned that Apple just announced they expect a massive decline in year over year earnings? They shouldn't care that the risk of the strategy is higher, not lower, when management puts all products out all at once creating execution issues themselves? I'll have to check the numbers, but I think Samsung is now expected to make more money than Apple in the June and Sept. quarters. Once the king of the hill, the are playing second fiddle from a growth and future earnings perspective, regardless of the quality of the products, what their history has been in the past, etc. Times have changed. Big investors are bailing and betting on another horse because as someone put it last night after the call, 'Apple's product roadmap is a rudderless ship right now.' I just listened to a bullish analyst who basically said who cares about new products, the main concern now is can they even do the simple stuff any management team, any reasonable investor would expect them to do and that the answer remains and open one as they haven't shown the market an ability to do nearly anything in the face of the competitive onslaught, so many investors fear its too late, they were caught flat-footed and are simply playing catch-up.
Revenue is falling off a cliff in the early innings of a smartphone growth cycle. How can a company in a secular growth market slow revenue growth so dramatically (actually negative revenue growth forecasted this qtr I believe), with earnings slowing even more? The answer to that is the question that will make investors a lot of money on either the long or short side from here.
Quote:
Originally Posted by AppleZilla
When society finally breaks down, Wall Streeters will be the first ones eaten.
And rightly so. From the Bonfire of the Vanities:
The one word I have to sum these people up with is, Morons!
You know the thing about ANALysts....They are full of SH**
Where is the logic in having these huge product release holes, and then releasing a whole crapload of stuff at once? Do you not want to spread out your product releases throughout the year, instead of everything arriving around the same time and not being able to meet demand?
I can already see the headlines for the rest of 2013.
New Apple products finally announced, after a summer of absolutely no new Apple releases and no real product news, besides retarded rumors of course, which never end, not even for a single day. Macbook supplies constrained. iPhone supplies constrained. iPad supplies constrained.
Foxconn workers revolt, forced to work overtime, in order to meet increased ramp up of production of Apple products. 127 Chinese people jump to their deaths while making iPhones. Foxconn workers now ordered to wear parachutes while working. The New York Times and Mike Daisy have orgasms.
Apple finally releases budget iPhone. Will first be released in Somalia, Afghanistan and Haiti. 18 other countries to follow shortly thereafter.
Same Analysts who called for budget iPhone now attack Apple for declining margins, caused by budget iPhone and the cannibalization of premium iPhone. Same analysts lower their price targets for Apple yet again, due to declining margins.
Every five weeks, Chinese state run media will launch a new set of attacks against Apple.
I could continue, but I won't.
You mean other than Mossberg.
Not only not meeting demand but forcing people to choose which device to buy. Not many people can afford a iPhone, iPads, or Mac all at once especially around the holidays. Much easier to buy when they're spread out throughout the year.
I agree
But, I am happy about the share repurchase, as it seems to track pretty well with the reduced profit expectation, so EPS should flatten out to a point of stability.
As for the punditry talking about what Apple should make now, it is amusing. The reason the 4 and 4S are still so successful is because people like the look of them, they are cost competitive, and the owners don't need to spend another $40-60+ on new cables or adapters.
What Apple needs to do to be Apple is come up with the next revolutionary product in due course. Apple 2.0 had a great chart people should see and understand: http://tech.fortune.cnn.com/2013/04/15/apple-ipod-iphone-disruption/
Products run their course, and disruptive innovation takes over. If you are lucky a product lives a long "maintenance" life like the Mac, and provides a foundation for the future.
Interesting article but how can Apple consume the iPhone when it's so many things already. It was easy to consume the iPod because it served one purpose. Integrating it was easy. What other product is out there that people aren't using much that Apple can reinvent or revolutionize?
Let's give WSJ the "Duh!" award for the year!
As concerned as everyone else is about supply chain issues and single quarter product intros, I'm keeping faith that Apple knows what the heck they are doing. Wall Street needs to butt-out and let Apple do what they do best. Run the most successful company in the last 10 years and make the greatest tech products and services than anyone else in the last 10 years. Jobs thought that way, Warren Buffet thinks this way too. Just butt-out and let them do their job.
Wall Street can go to Hell!!!
so there won't be nothing to talk about until wwdc, right? 2 months.
see ya!
Speculators vs Investors...
Speculators are mad because they can't make quick money in the short-term churning Apple stock
Investors see strong financials, a huge loyal customer base, excellent products, great cash reserve, plans to increase the dividends and stock buy backs and see that Apple should out perform the market and most companies for years ahead.
Buy and hold.
Quote:
Originally Posted by Apple ][
Where is the logic in having these huge product release holes, and then releasing a whole crapload of stuff at once? Do you not want to spread out your product releases throughout the year, instead of everything arriving around the same time and not being able to meet demand?
I can already see the headlines for the rest of 2013.
New Apple products finally announced, after a summer of absolutely no new Apple releases and no real product news, besides retarded rumors of course, which never end, not even for a single day. Macbook supplies constrained. iPhone supplies constrained. iPad supplies constrained.
Foxconn workers revolt, forced to work overtime, in order to meet increased ramp up of production of Apple products. 127 Chinese people jump to their deaths while making iPhones. Foxconn workers now ordered to wear parachutes while working. The New York Times and Mike Daisy have orgasms.
Apple finally releases budget iPhone. Will first be released in Somalia, Afghanistan and Haiti. 18 other countries to follow shortly thereafter.
Same Analysts who called for budget iPhone now attack Apple for declining margins, caused by budget iPhone and the cannibalization of premium iPhone. Same analysts lower their price targets for Apple yet again, due to declining margins.
Every five weeks, Chinese state run media will launch a new set of attacks against Apple.
I could continue, but I won't.
It is difficult. I am sure Apple has an 'ideal' release cycle, but what do you do if you fail to meet your own deadline? You want the product out asap. Holding on to it may be a bad move. Do you waste time and enrgy and release an interim product that everyone will hate, or be disappointed at? 'Making Stuff' is hard, and getting it 'right' is very hard. I completely think it is ok for Apple to follow its own beat and deliver when they can. Not to say it is ideal to bunch releases up... but it'll make for a fun month or two.
By clearly implying fall keeps the stock affordable to repurchase - explains the logic of the payback decision timing. The word "surprise" was prevalent yesterday too - why would Apple give Samsung a heads up of a pending launch, hopefully a surprise in this half - a bloody mac pro at least - either way confidently long still