retrogusto

In her early years, she was consistently among the most unreasonably bearish regarding Apple, and Gene Munster, who was at Piper Jaffray at the time, was probably the most bullish. Then at a certain point (quite a while ago) after numerous embarrassing quarters she must have realized that she was grossly underestimating Apple, and she’s been pretty consistently bullish ever since, which has been a much more successful strategy. I tried to dig up some of her old comments, but couldn’t really find them, just an old Andy Zaky column bemoaning her pessimism.

The very strong dollar will make things look worse than they would otherwise. Apple reports results in dollars, but much of their profits are made in other currencies and then converted. For instance, a year ago, the euro was worth almost 18% more in dollars than it is now, so euro-zone profits would have to be up a lot to not appear to be down year-over-year once converted to dollars. Luca Maestri will surely note these “currency headwinds” when reporting the results, but a lot of people will just look at the bottom line and be spooked, or will expect others to be spooked, which has basically the same effect. And journalists are always looking for a shocking headline, so they will take the opportunity to make it look as bad as possible, unless Apple does so in well that it’s easier to justify sensationalism in the opposite direction. 

The Arizona scenario I’m picturing is someone shooting video of the police from 10 feet away, then an officer walks or runs towards them and arrests them because they are no longer 8+ feet away. Even if a court later decided in favor of the cameraperson, the video evidence that they were trying to capture would be incomplete. 

macxpress said:

Unless you're doing something where you think the M2 series SoC's would really benefit you I don't see why you wouldn't just buy one of the current models. You're never going to have the latest and greatest forever anyways. 

If someone doesn’t want or “need” the latest thing and doesn’t mind that it will become obsolete/unsupported sooner, you can wait a few months and buy the current models at a big discount once the upgraded models come out.  And if you buy it refurbished and/or used, it’ll be even cheaper. And you could always use the savings towards the next upgrade. But sometimes it’s nice to get the latest thing in perfect condition and enjoy it for as long as you can. 

I can live without the home button, but if Apple had concentrated on making the best phone they could within the constraints of the iPhone 6 form factor and weight, I’d prefer it to the current offerings. Not that it’s too late to try that, but I don’t see it happening. As a shareholder, I want them to go where the market is, and they seem to be doing well with that, but I’m not looking forward to my next “upgrade” unless they make a Mini with a telephoto camera.