Despite very nice earnings and pretty reasonable P/E 16, AAPL is practically flat YTD. What do you think about Apple's future?
Despite very nice earnings and pretty reasonable P/E 16, AAPL is practically flat YTD. What do you think about Apple's future?
They need to keep pumping out blockbusters to maintain their earnings... hence multiple compression. Android is going to put some serious pressure on iOS device sales. Will people pay twice as much for half the device just for half-eaten fruit logo? Some will, but enough to justify a $300 billion market cap?
Yes, in some cases they will... maybe not good example , but why people buying Malrboro or Parlament, Pepsi or Cola - even though local brands maybe not worse and cheaper...Originally Posted by andrewf
Again, last Q AAPL had a huge profit and stock practically unchanged.... I just don't understand
I haven't looked at the stock, but i suspect that the stock price currently implies a very high growth rate. Apple has the market cornered in many of its segment, however, as a leader, it will be the first to lose market share with the increase competition.
What are the chances you will double your money on the stock ? Practically 0 given the 300B market cap.
I just looked at the chart on Google Finance ... the YTD chart is an interesting roller coaster. Someone could probably buy in at the 320-325 and ride it until the 350 ... the support / resistance levels are pretty evident, 7-8% gain.
If you're looking for long term hold, this probably isn't the best choice. No dividend and limited growth (my opinion) given current market cap and competition.
If I were to buy this stock, I'd wait for the next major plunge and then hold for the long term. Everyone predicts the stock will tumble when Steve Jobs eventually dies, which hopefully won't be for many years but his health remains precarious. Many people believe Jobs is the driving creative force at Apple, but he has never actually done any programming or designed a product. He plays a major role in product development of course, but he has worked hard to ensure that Apple will remain in good hands after he's gone.
One thing to consider is that Apple products tend to be popular with baby boomers, and the growth rate of the elder population will double over the next 20 years. Apple still has a lot of room for growth in the PC market, the software market, and other markets that we haven't even dreamed of yet because Apple will create them. I agree that they'll lose market share in the phone market and eventually the tablet market, although Apple has a strong headstart on tablets and the iPad is already making significant inroads in the corporate and scientific markets.
Apple has never gone for market share. They price their products high and go for the premium buyer. As a result, there will be lots of opportunity for Google and RIM and Motorola and Nokia, maybe even MS to compete at the low end. Their trailing PEG is 0.7 and anything under 1.0 is usually a safe bet.
I agree that you can make a lot trading on the swings. They have always had a volatile stock price. And their returns this year, especially in C$, are mediocre.
Halted in afterhours... Steve Jobs is resigning
CUPERTINO, Calif. --(BUSINESS WIRE)-- To the Apple Board of Directors and the Apple Community :
I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let you know. Unfortunately, that day has come.
I hereby resign as CEO of Apple . I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.
As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple .
I believe Apple's brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.
I have made some of the best friends of my life at Apple , and I thank you all for the many years of being able to work alongside you.
Steve
CONTACT: Apple
Katie Cotton , 408-974-7269
katiec@apple.com
or
Apple
Steve Dowling , 408-974-1896
dowling@apple.com
Source: Apple Inc.
Its on !!!
Hah, not even down 1% from yesterday
When everyone thinks the same they don't think at all
Speaks to the strength of the company. The march to $500 continues
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