APPLE may be cut again to half??
- Thread starter stocktrader2007
- Start date
Apple's core appeal is not Fashion based. It's user friendliness. Apple products are easier to use and manage than most other consumer electronics. This is a huge competitive advantage that continues to arode the PC market and now the mobile market.
Apple is the only stock I wouldn't short in the US. It has a heap of cash, a heap of marketshare and a habit on launching products that shake up the world.
Runningbear
Magna
Administrator
I have no AAPL stock, but I'm sorry you felt the need to make things up.
Apple today [Jan 21] reported the best quarterly revenue and earning in its history, âsurpassing $10 billion in quarterly revenue for the first time ever,â according to Steve Jobs. Announcing results for its fiscal 2009 first quarter, Apple posted record revenue of $10.17 billion and record net quarterly profit of $1.61 billion, or $1.78 per diluted share.
During the quarter, Apple sold 2,524,000 Mac computers, a record 22,727,000 iPods, and 4,363,000 iPhones.
http://www.apple.com/pr/library/2009/01/21results.html?sr=hotnews?sr=hotnews.rss
There is no doubt once this mental recession ends Apple will lead the market higher. This was a great report.
I'm not sold on AAPL. The company is all about fashion. Everyone else is buying one, so the sheeple buy one. That mentality comes and goes, especially in current market conditions.
They posted solid numbers today and that's great, but let's see how the next few quarters go. If this recession stays the course and if Steve Jobs is no longer CEO, AAPLs '05 to '08 is going to look like just another bubble in a few years.
<a href="http://s339.photobucket.com/albums/n468/cjo_28/?action=view¤t=aapl.png" target="_blank"><img src="http://i339.photobucket.com/albums/n468/cjo_28/aapl.png" border="0" alt="Photobucket"></a>
Apple just made its numbers again, and for the first time, gave guidance that is not so conservative.
That latter fact is a fundamental change that should at least peak the curiosity of anyone who is inquisitive by nature.
That latter fact is a fundamental change that should at least peak the curiosity of anyone who is inquisitive by nature.
They trying to calm fears about what happens when Jobs leaves.
And for the OP, considering halving their current price takes the stock's value all the way back to Aug '05 values, I'd say yes. It's certainly possible. But they're supposed to have a lot of cash and very little debt. I don't have the exact numbers. Anybody have a credible link?
Is that how you base your stock picks?
I had the first iPhone. I wasn't impressed (actually, I was a little annoyed). I bought my kids iPods because they HAD to have them. I didn't buy or sell based on either of those facts.
And in your opinion, what exactly does have hype?