What's especially amusing about downgradng Apple for failing to do more than release iPhone updates last week is that we were told months ago by Mr. Cook that announcements about innovative products would be comng in October. Even so, we've gotten in the interim revisions shipping for the iPhone and an early unveiling of an upcomng major overhaul of the Mac Pro. I suspect Apple did an uncharacteristic early reveal of the Mac Pro to keep the natives calm while the company works on polishing up whatever is in the pipeline.
I find it, as well, curious that we're being told Apple isn't operating along the lines it had been in Jobs' final years in so much as moving deliberately, with smart, measured advances is very much Jobs-like. It has to be remenbered that Apple was late in coming to the smartphone party, ignored the whole netbook misstep and then simply stepped up with dominant, polished, well-executed products that have made Apple into a powerful force. Apple is about bringing to market products when they are ready and not a second before. Yes there are missteps like Apple's Maps debacle but nobody gets it right 100 per cent of the time.
Apple focuses on delivering a satisfying customer experience (hence no Apple netbook and a rather refined tablet right from the start) and as long as that remains the focus, Apple investors have nothing to worry about. Cheap, poorly executed, frustrating products abound. As long as Apple leaves such efforts to others, Jobs will have built a strong foundation. In a way, if Apple is successful and genuinely category leading over the long haul, it will go down as Jobs' greatest achievement. Apple would then be remenbered as the company Jobs built and less the company he worked for when he showed off his brilliance while alive. The former would be more impressive and valuable than the latter.
Tim Cook never said October about anything. He said new products would be coming in the fall and across 2014. But he never gave a specific date or when exactly new product categories would drop.
Moral of the Story. Don't listen to dumb ass analysts like Misek when it comes to buying / selling Apple Stocks !
These guys can't see beyond what there two eyes can interpret. His Career as an analyst is done. He might as well start looking out for other alternatives.
Au contraire.
Since he said that the stock should go down because of "terrible yields" and AAPL should be 425, the stock will reach 425 because of those pessimistic "news". So, he was wrong about the "terrible yields", but he will end up right about the stock price, despite the fact that he was wrong. Confusing?
Two wrongs can really make a right.
He has an awesome career and will earn tons of $. It's a shame that he still is stupid, ignorant and useless... $ can't change that.
Unless he is a nice and smart guy and understands how the game is played, so he gives a "FU" to everyone and makes $ as fast as he can. Effective.
Misek was downgrading Apple because he suspected they were going to introduce a super-cheap phone that would kill profit margins.
Then upon news that Apple wasn't going to do that, he downgraded them anyway for not introducing a super-cheap phone that would kill profit margins.
That's the fallacy with Wall Street. They want Apple to have high market share, high margins and high profits. But it's damn near impossible to do, at least long term. Someone will come in and undercut on price with a product that is "good enough" for the price conscious. I still think its too early to tell if Apple's pricing strategy with the colored iPhone was right or not. I'm sure some analysts will be expecting sales figures today but IMO unless they're off the charts I can't see Apple announcing anything. They'll do it a week from now when they can combine it with the flagship device sales.
Misek is not working for the little guy in the stock market. He is working for himself and other program traders to swing the market for their own gain. He has no conscience, no integrity, no ethics. He is dumb like a fox. His predictions help to swing the market even though they are wrong. Some investors actually like this. It is the little guy in the market that gets hurt.
Is there anything like a league table for these analyst wuckfits? Something real easy for the media to reference, so cred could be checked with each "prophecy"?
This guy is terrible with his product predictions. He wants the stock to desperately go down to 420. His game is plan is to raise the expectation about product releases and downgrade the stock right after major apple events.
There's one reason for the downgrades: Wall Street expected the unlocked price of colored iPhone to be cheaper than it is. Plain and simple.
What I'd like to know is, does the carrier subsidy basically set a floor on price, so if Apple is getting $450 or whatever from AT&T an unlocked phone would never be cheaper than that? Or in markets where subsidies aren't the norm does Apple have more flexibility on the unlocked price?
Maybe we have a more competitive environment here in the UK, but if the phone only cost $300 then the $150 difference that the carrier didn't have to pay would be used to reduce the monthly payment. 100% of the saving probably wouldn't be passed on to the customer but you could see a $5 per month reduction.
Is there anything like a league table for these analyst wuckfits? Something real easy for the media to reference, so cred could be checked with each "prophecy"?
It’s great to see so many others pointing out the indisputable fact that the widely reported Wall Street ‘analysts’ are completely and totally full of shit, all the time. I’ve learned much about the market managing my own investments—the single most important thing is the ubiquity of complete B.S. which goes hand-in-hand with the media’s desire to create buzz and the total impunity with which they report all manner of B.S. to that end, on every topic.
Years ago, I took a seminar with a well-known and respected trader; he told us the story about a time he was invited on TV to talk about the markets: backstage, the producers demanded he give their viewers a ‘hot tip’ for tomorrow. He told them repeatedly that he planned to take positions in a few months and that he had no ‘hot tip’ at the present time. Finally, they gave up badgering him, filmed his segment but never ran it on air. He was never contacted by any media to speak about the market again. (This is a man who makes millions—I, for one, would love to get more of his advise for free on TV.)
I hope this gives you further insight into the media agenda; and further insight into the integrity of the ‘analysts’ the media favors.
You know, I'm not bothered by the decrease in stock price because Apple is in the middle of a $100b stock buy-back. The lower the price, the more stock Apple can take off the market. While a long time coming, take the company private and be done with these Analysts once and for all...
I wonder if that had been Jobs goal all along with accumulating the vast amounts of money.
You know, I'm not bothered by the decrease in stock price because Apple is in the middle of a $100b stock buy-back. The lower the price, the more stock Apple can take off the market. While a long time coming, take the company private and be done with these Analysts once and for all...
I wonder if that had been Jobs goal all along with accumulating the vast amounts of money.
That would seem impossible, but perhaps not. It really would serve everyone right! LOL
What really sucks is that he downgraded them because they didn't do what he thought they should instead of re-building new models on what Apple is actually doing. He is an f'ing moron.
Analysts also upgrade stocks due to their masterbatory predictions. The whole of the financial industry and certainly the stock market analysts is based on making money on nothing more than stochastic changes caused in large part by them.
Don't give the analysts too much credit. The switch to a 64-bit A7 possibly fabbed by TSMC had zero factor in the stock price predictions from these clowns. They are all about making money on the movement of the stock price over short periods of time not about the value of the company and its stock over an extended investment period.
What really sucks is that he downgraded them because they didn't do what he thought they should instead of re-building new models on what Apple is actually doing. He is an f'ing moron.
In fairness to Mr. Misek, he is only doing what the vast majority of the "financial analysts" do. The stock market today is so far removed from the original idea of what it was supposed to be in the beginning, it is laughable. The whole intent today, of the whole financial industries, seems to be to find "new and improved ways" to remove money from the "investors" pockets. What other industry do you know of where the "company" makes money, no matter which way the "wind blows" .... the customer buys, you make money, the customer sells, you make money. The stock market/financial industry is nothing more than a huge gambling house ... one where only the "employees" know all the rules .... and whenever the customer starts to "win" .... they introduce more and more "esoteric" rules and technology to put themselves, not the customer that they are supposed to serve, in an even more advantageous position. The real sad part is that, for the most part, the customers keep coming back for more .... despite the "crashes" that happen more frequently ... despite the "scandals" that happen more frequently .. i.e. "the savings and loans scandal" ... the "bank crisis" brought on by so much wrong doings that, in any other industry, would demand incarceration for the "real" perpetrators ... etc. etc. .... and a complete overhaul of the system to clean it up. It kind of reminds me of that old joke .... why do people keep banging their head on a stone wall? .... because it feels so good when they stop.
I have to say, his job is not an easy one. There are a lot of cats that have to be herded when making projections about Apple's stock. Their supply chain looks more like a squid than an octopus, it is a very big company, making a lot of moves, some more obvious than others. That said, I was listening to, I think it was, a Freakonomics podcast and they were talking about prognostications and the people who make them. It seems that in order to become a legend, you only have to make one big or extreme one correctly before everyone is paying to pull your coat, even if you go back to being in error for the rest of your life. So he's trying to make the big call for Apple among other entities. If you look at the financial page, it is filled with people making guesses about where the wheel will stop.
The sad thing is that Wall St prognosticators are playing with other people's money and taking their cut off the top, the bottom and both sides and they do so with impunity. They should be much more severely punished for being in error, like fifty to the head from Mike Tyson, which will make them, either more certain or more quiet. I'd place my bets on more quiet.
Most analysts were expecting the so called 'low cost' iPhone to come in between $300-$400 without contract thus making it more price-competitive in emerging markets. The 5C's $500-$600 price point is why the downgraded Apple's stock. Like it or not, this is how most financial analysts think. They believe that having a dominant marketshare will lead to profits. Apple somewhat defies this which is why the analysts tend to be so fickle on AAPL.
Forget about phone specs... what about technical analysis of AAPL. Did they downgrade because they saw that the 50 was going to go above the 200 and they wanted to put a lid on the stock.
Comments
Moral of the Story. Don't listen to dumb ass analysts like Misek when it comes to buying / selling Apple Stocks !
These guys can't see beyond what there two eyes can interpret. His Career as an analyst is done. He might as well start looking out for other alternatives.
Au contraire.
Since he said that the stock should go down because of "terrible yields" and AAPL should be 425, the stock will reach 425 because of those pessimistic "news". So, he was wrong about the "terrible yields", but he will end up right about the stock price, despite the fact that he was wrong. Confusing?
Two wrongs can really make a right.
He has an awesome career and will earn tons of $. It's a shame that he still is stupid, ignorant and useless... $ can't change that.
Unless he is a nice and smart guy and understands how the game is played, so he gives a "FU" to everyone and makes $ as fast as he can. Effective.
Misek is the king of AAPL misinformation. The only question is whether his mistakes are honest (i.e. due ignorance) or venal (stock manipulation).
There's one reason for the downgrades: Wall Street expected the unlocked price of colored iPhone to be cheaper than it is. Plain and simple.
What I'd like to know is, does the carrier subsidy basically set a floor on price, so if Apple is getting $450 or whatever from AT&T an unlocked phone would never be cheaper than that? Or in markets where subsidies aren't the norm does Apple have more flexibility on the unlocked price?
Maybe we have a more competitive environment here in the UK, but if the phone only cost $300 then the $150 difference that the carrier didn't have to pay would be used to reduce the monthly payment. 100% of the saving probably wouldn't be passed on to the customer but you could see a $5 per month reduction.
Is there anything like a league table for these analyst wuckfits? Something real easy for the media to reference, so cred could be checked with each "prophecy"?
It’s great to see so many others pointing out the indisputable fact that the widely reported Wall Street ‘analysts’ are completely and totally full of shit, all the time. I’ve learned much about the market managing my own investments—the single most important thing is the ubiquity of complete B.S. which goes hand-in-hand with the media’s desire to create buzz and the total impunity with which they report all manner of B.S. to that end, on every topic.
Years ago, I took a seminar with a well-known and respected trader; he told us the story about a time he was invited on TV to talk about the markets: backstage, the producers demanded he give their viewers a ‘hot tip’ for tomorrow. He told them repeatedly that he planned to take positions in a few months and that he had no ‘hot tip’ at the present time. Finally, they gave up badgering him, filmed his segment but never ran it on air. He was never contacted by any media to speak about the market again. (This is a man who makes millions—I, for one, would love to get more of his advise for free on TV.)
I hope this gives you further insight into the media agenda; and further insight into the integrity of the ‘analysts’ the media favors.
You know, I'm not bothered by the decrease in stock price because Apple is in the middle of a $100b stock buy-back. The lower the price, the more stock Apple can take off the market. While a long time coming, take the company private and be done with these Analysts once and for all...
I wonder if that had been Jobs goal all along with accumulating the vast amounts of money.
You know, I'm not bothered by the decrease in stock price because Apple is in the middle of a $100b stock buy-back. The lower the price, the more stock Apple can take off the market. While a long time coming, take the company private and be done with these Analysts once and for all...
I wonder if that had been Jobs goal all along with accumulating the vast amounts of money.
That would seem impossible, but perhaps not. It really would serve everyone right! LOL
He wears a disguise. See here, he has one of those false noses and glasses:
<img src="http://photos.appleinsidercdn.com/Peter.Misek.png" alt="Peter Misek">
All these analysts have to do this so they aren't held accountable for their rubbish. They'll be tracked down eventually though.
Analysts also upgrade stocks due to their masterbatory predictions. The whole of the financial industry and certainly the stock market analysts is based on making money on nothing more than stochastic changes caused in large part by them.
That means market shares will continu to drop
What really sucks is that he downgraded them because they didn't do what he thought they should instead of re-building new models on what Apple is actually doing. He is an f'ing moron.
In fairness to Mr. Misek, he is only doing what the vast majority of the "financial analysts" do. The stock market today is so far removed from the original idea of what it was supposed to be in the beginning, it is laughable. The whole intent today, of the whole financial industries, seems to be to find "new and improved ways" to remove money from the "investors" pockets. What other industry do you know of where the "company" makes money, no matter which way the "wind blows" .... the customer buys, you make money, the customer sells, you make money. The stock market/financial industry is nothing more than a huge gambling house ... one where only the "employees" know all the rules .... and whenever the customer starts to "win" .... they introduce more and more "esoteric" rules and technology to put themselves, not the customer that they are supposed to serve, in an even more advantageous position. The real sad part is that, for the most part, the customers keep coming back for more .... despite the "crashes" that happen more frequently ... despite the "scandals" that happen more frequently .. i.e. "the savings and loans scandal" ... the "bank crisis" brought on by so much wrong doings that, in any other industry, would demand incarceration for the "real" perpetrators ... etc. etc. .... and a complete overhaul of the system to clean it up. It kind of reminds me of that old joke .... why do people keep banging their head on a stone wall? .... because it feels so good when they stop.
Sorry, double post!
The sad thing is that Wall St prognosticators are playing with other people's money and taking their cut off the top, the bottom and both sides and they do so with impunity. They should be much more severely punished for being in error, like fifty to the head from Mike Tyson, which will make them, either more certain or more quiet. I'd place my bets on more quiet.
Forget about phone specs... what about technical analysis of AAPL. Did they downgrade because they saw that the 50 was going to go above the 200 and they wanted to put a lid on the stock.
Too late.