chinacat
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AAPL Long since 2006
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Post by chinacat on Jun 10, 2017 6:26:06 GMT -8
It seems clear that Friday's bloodletting in the tech sector was due to the drama of the Washington Follies (PLEASE, do not use that observation to drive the forum back into a political morass), but since Mr. Mueller is expected to be on the job for months (at least) perhaps Mr. Market will move past it, at least until the next bombshell. Mashable has both yin and yang views of the WWDC announcements: Apple is basically a parody of itself presents the jaundiced view, while Here's everything Apple announced at WWDC 2017 has a somewhat more generous summary. Although I don't fully agree with the premise, Apple has never been first on anything and it isn’t about to change now does give some good reasons why (some) Apple investors have learned to be patient about the company's product development cycles. Although I am not yet particularly enamored of VR/AR movement in general, I do think that this principle will apply there. My personal views do make me glad that Apple seems to be more focused on AR than VR. I personally am eager to check out the new iMacs, since our current two-year old model has been one of the worst Apple products we've owned since the Performa. But I will refrain from boring you with the whole sad story. One more quarter to go before the big Fall extravaganza. I don't expect a real buildup until Labor Day, and I just hope that AAPL can maintain reasonable performance until then. In the mean time, here's a bit of history preserved at Apple Park.
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Post by BillH on Jun 10, 2017 9:23:56 GMT -8
It felt to me like the Goldman Sachs story had a lot more to do with the fall then the political narrative but who knows. nypost.com/2017/06/09/tech-stocks-nosedive-after-goldman-sachs-report-released/. I'd be interested to hear your iMac saga Chinacat. My 27" went in for a broken screen spring yesterday. It sure seems less stable and considerably slower then I would expect but it passes the hardware test.
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Post by appledoc on Jun 10, 2017 11:31:45 GMT -8
The move had everything to do with GS. Nothing to do with Washington. Tech is due for a pullback, but in this atmosphere it may be swift.
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JDSoCal
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Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jun 10, 2017 13:57:20 GMT -8
It felt to me like the Goldman Sachs story had a lot more to do with the fall then the political narrative but who knows. nypost.com/2017/06/09/tech-stocks-nosedive-after-goldman-sachs-report-released/. I'd be interested to hear your iMac saga Chinacat. My 27" went in for a broken screen spring yesterday. It sure seems less stable and considerably slower then I would expect but it passes the hardware test. Sounds to me like GS wanted to buy Facebook, Apple, Amazon and other hot companies at a discount.
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Post by rickag on Jun 10, 2017 14:35:16 GMT -8
It felt to me like the Goldman Sachs story had a lot more to do with the fall then the political narrative but who knows. nypost.com/2017/06/09/tech-stocks-nosedive-after-goldman-sachs-report-released/. I'd be interested to hear your iMac saga Chinacat. My 27" went in for a broken screen spring yesterday. It sure seems less stable and considerably slower then I would expect but it passes the hardware test. Sounds to me like GS wanted to buy Facebook, Apple, Amazon and other hot companies at a discount. Is GS still handling AAPL accelerated stock repurchase program?
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Post by tuffett on Jun 11, 2017 11:34:06 GMT -8
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Ted
fire starter
Posts: 882
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Post by Ted on Jun 11, 2017 13:33:31 GMT -8
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Post by phoebear611 on Jun 11, 2017 16:41:01 GMT -8
PED shared a rare AAPL downgrade that landed in his inbox today - Sunday:
Downgrade by Mizuho: Mizuho analyst Abhey Lamba :
Summary: The stock has meaningfully outperformed on a YTD basis and we believe enthusiasm around the upcoming product cycle is fully captured at current levels, with limited upside to estimates from here on out...
Still expect strong iPhone 8 cycle. We concur that the upcoming product cycle is likely to drive a strong holiday season following into early next year; however, we believe strength is anticipated and see very limited upside to estimates from here. A few things make us cautious on consensus FY18 numbers:
1) potential pull-in of demand creating tough comps in the following year; 2) growth driven primarily by replacements vs. net new customers, limiting expansion of installed base; 3) initial supply constraints due to complexities around product ramp; 4) potentially higher ASPs for high-end SKU driving demand elasticity; 5) risk to out-year gross margins...
Other areas' contribution unlikely to drive significant growth uptick. China is likely to remain weak in the n-t. We find that recent developments in India are a step in the right direction; however, affordability continues to be constrained limiting n-t contribution from the country. On services, while we acknowledge the company's intent to double the line-item by 2020, we believe ongoing penetration of developing countries (where attach is lower) could weigh on meaningful expansion from current levels. Additionally, consensus is expecting 30% growth in services revenue/user over the next 2 years, which seems high.
Downgrade to Neutral from Buy, lower price target to $150 from $160.
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Post by appledoc on Jun 11, 2017 17:07:30 GMT -8
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mark
fire starter
Posts: 1,552
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Post by mark on Jun 11, 2017 18:36:56 GMT -8
This is pretty bad and needs to be fixed ASAP!
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