gmgravytrain

Stuff Apple's results down Goldman Sachs' Rod Hall's throat and let him digest them.  It was kind of him to raise Apple's price target from $80 to $83.  Investors will surely love that huge increase.  It's strange how a company that makes $111B in revenue for a quarter is only worth a $3 increase in the share price.  I'm very interested in what long-term stocks Rod Hall recommends to his clients that are superior to Apple.  Maybe stocks like Roku and Spotify?

Apple did pretty well for the holiday quarter although I'm sure many Apple shareholders aren't pleased with Apple's falling share price after the earnings report.  That drop might be good for Apple to buy back more stock and get rid of plenty of outstanding shares.  17B outstanding shares is really a huge number.  Too many, if you ask me.  I wonder how that number of shares compares to other tech companies.  I can only trust Apple knows what it's doing.

It's very fortunate Apple did as well as it did or loyal shareholders could have been looking at a $110 share price at this point.  Apple's best quarter sort of slipped under the radar as far as big investors were concerned.  I realize Apple is doing quite well and maybe had the strongest company during the whole pandemic period.  Tesla was much more appreciated but that's because of Elon Musk who investors believe is an outright genius at practically everything he touches or even mentions.  As the world's richest man, they may be right about that.  Investors certainly have a lot of faith in Elon Musk and are just pouring money into the company at an astounding rate and they're all believing that Tesla will sell as many cars as it can produce and maybe more.  Thanks to Tesla, EV cars certainly seem to be the future for the auto industry.  I suppose that's a good thing.

I believe plenty of investors don't care much for Tim Cook, but I think he's doing a very good job as Apple's CEO, but unfortunately, he doesn't come close to Elon Musk.  I'm not sure how much more Tim Cook can do in order for big investors to take Apple seriously.  I noticed that Apple's institutional ownership has grown very much and still sits slightly below 60% while Microsoft's institutional ownership is around 75%.  I can't understand why there is such a huge difference.  Apple doesn't seem all that risky of an investment.  Anyway, Apple looks good going forward for 2021 and I hope investors realize Apple is a solid company, still capable of decent growth even if double-digit share gains aren't likely.

Only 1B iPhones in active use.  That's just terrible.  There must be at least 10B Android smartphones in active use and growing in number every day.  At this rate, Apple will be out of business in five years.  No wonder Rod Hall always downgrades Apple.  He always says Apple doesn't sell enough iPhones to make Apple valuable enough for his standards.  Oh, well.  Whatever...

/S/S

I guess Apple hurt Samsung this quarter in smartphone sales.  Samsung may have sold more but most of those smartphones are probably low- to mid-range smartphones.  Apple must have raked in most of the cash, as usual.