Mav
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Post by Mav on Apr 23, 2013 13:54:13 GMT -8
Timeframe = You wish. That is, if you've been following Apple the last 2, 3, 5, 10 years.
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Post by rob_london on Apr 23, 2013 13:54:33 GMT -8
Gene fishing for hints on a possible TV as usual..
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mark
fire starter
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Post by mark on Apr 23, 2013 13:55:16 GMT -8
Did he really??!!!! I must have missed that. This may be the best news of all. "This may be the best news of all" I disagree. I think AAPL may decline until SEPTEMBER. If that's what happens, so be it. Easy for me to say holding only shares, Jan '14 options, and Jan '15 options.
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Mav
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Post by Mav on Apr 23, 2013 13:55:45 GMT -8
I'm kind of intrigued that Apple is even slightly resembling IBM with slowly-harder-to-ignore service revenue. Of course, Apple's _software_ pricing is always very aggressive...does Apple consider "software" as "service"? What's a Mountain Lion purchase, for example?
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Post by nathanstevens on Apr 23, 2013 13:57:30 GMT -8
weak market for PC's cause we killed it with iPad's
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Post by archibaldtuttle on Apr 23, 2013 13:57:57 GMT -8
So, the long speculation is over. Now we see in the real world if Apple's cash return plans will have much of an effect on share price. Earnings were a slight beat of consensus, basically a meet. Cash return plans are a big increase, including the first debt in memory. If the stock doesn't soar now, all the W.S. calls for returning money to shareholders were nothing but a pure cash-grab stick-up. We will see.
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Post by cbingle on Apr 23, 2013 13:58:22 GMT -8
Or, is it a gap fill thing...which is OK by me.
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Post by appledoc on Apr 23, 2013 13:58:45 GMT -8
Didn't PO say they bought back 4M shares last quarter? Or did I mishear that? That's what I thought I heard. Boy, that sure helped share price. Will have to look at the transcript. I swear he said they completed the original buyback this quarter. And that was when the stock really started taking a dive.
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Mav
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Post by Mav on Apr 23, 2013 13:58:59 GMT -8
Apple not giving up on Macs yet. And why would they? Even if OS X is just a "test platform" for iOS. >10% of revs.
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Post by artman1033 on Apr 23, 2013 13:59:39 GMT -8
no cbingle, that does not matter.
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Mav
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Post by Mav on Apr 23, 2013 13:59:57 GMT -8
You sure that isn't just "sell the conference call"? AH markets _are_ illiquid, after all. AH sellers want to make a statement of some kind.
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Mav
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Post by Mav on Apr 23, 2013 14:00:44 GMT -8
Oh come on Cross. Apple + Enterprise, they're fine.
If anyone's scared about enterprise prospects, it's Microsoft.
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Post by nathanstevens on Apr 23, 2013 14:01:15 GMT -8
"i would have announced the iMac after the turn of the year" - TC
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Post by dreamRaj on Apr 23, 2013 14:02:00 GMT -8
AH sellers trying to frame a failing AAPL narrative. Let's see where we're at in a week. Crazy! Now we're around $405, -$1 from closing. If we end after-hours under 400, this bullshit continues tomorrow.
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Mav
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Post by Mav on Apr 23, 2013 14:02:02 GMT -8
Tim Cook - if I had to do it over, I'd launch iMac in calendar Q1. (Ouch.) I'd launch iPad mini again the same time.
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Post by artman1033 on Apr 23, 2013 14:02:53 GMT -8
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Mav
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Post by Mav on Apr 23, 2013 14:03:46 GMT -8
My quick, amateur thoughts: Apple is stable, but also clearly in transition for the future. Cue the "iPhone is doomed" narrative over the next 3-6 months.
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Deleted
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Post by Deleted on Apr 23, 2013 14:09:20 GMT -8
Personally I'm extremely happy with the call and results...the revenue was excellent, the margins were not great, but the buyback and cash moves are awesome. If you bought weeklies, you might not be happy, but I think for the long term these moves all look great.
I'll be looking at buying some long term spreads shortly...
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Post by archibaldtuttle on Apr 23, 2013 14:12:22 GMT -8
So the company slightly exceeds analyst expectations, answers the drumbeat of cash return to shareholders, and the verdict is that AAPL is fairly priced at 405. So chalk up one point to the folks who say returning cash to shareholders is meaningless...?
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Post by merenkov on Apr 23, 2013 14:14:05 GMT -8
My quick, amateur thoughts: Apple is stable, but also clearly in transition for the future. Cue the "iPhone is doomed" narrative over the next 3-6 months. What exactly do you mean by "clearly in transition"? Transition to what?
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Post by staralpha on Apr 23, 2013 14:16:14 GMT -8
There's a reason they call AH amateur hour. For as many good things the they have talked about during the CC and in the earnings release, the stock market is forward looking, and I think Apple is making it clear that in the looking forward shorter term, there is still going to be more GM compression.
Short term traders sold the run up in the past few days from the from the 390 low. almost 10% gain on a hold of 2 days? If you are not a long term investor you'd be crazy not to book some profits. Apple is going higher eventually. Unfortunately for long term investors as we all know, gonna be squirming all the way to the bank while the shorter time horizon investors play with the stock price on the way there.
When china becomes even a higher % of Apple's revenues, we all seem to agree that the stock price will find it's support then. In the meantime, I think I will continue to be short term bearish for the next quarter, though I think by the end of the year we will be higher than we are now. Where I don't know. WS will dictate that, but they need reason to dictate it so. We shall see in the fall.
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Mav
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Post by Mav on Apr 23, 2013 14:17:08 GMT -8
Oh I'm sorry merenkov. Apple is doomed to a long, slow death, or pathetic decline into irrelevance. Is that better?
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Post by lovemyipad on Apr 23, 2013 14:22:17 GMT -8
Kindly keep homophobic comments to yourself. I will delete them. And if they continue, I will delete you.
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Post by rob_london on Apr 23, 2013 14:23:08 GMT -8
Kindly keep homophobic comments to yourself. I will delete them. And if they continue, I will delete you. +1
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Post by seabiscuit on Apr 23, 2013 14:29:17 GMT -8
Any thougths on the market will react tomorow? AH not promising.
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Mav
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Post by Mav on Apr 23, 2013 14:30:15 GMT -8
Well, I DID say I owe artman an "I stand corrected" at -2% or more by end of AH. So we'll see.
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Post by Red Shirted Ensign on Apr 23, 2013 14:50:23 GMT -8
Any thougths on the market will react tomorow? AH not promising. Uncertainty of many fronts is removed. We may struggle for a couple of days but after that a gentle but steady climb begins.
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Post by rezonate on Apr 23, 2013 14:59:00 GMT -8
Red, I agree. If you are a value investor or dividend investor, AAPL is a great play right now. I see today's call as a multi-year reset moment. The radio silence is almost over after the post-Steve layover. Apple 3.0 was announced today.
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Post by nathanstevens on Apr 23, 2013 15:28:57 GMT -8
Red, I agree. If you are a value investor or dividend investor, AAPL is a great play right now. I see today's call as a multi-year reset moment. The radio silence is almost over after the post-Steve layover. Apple 3.0 was announced today. Yep. Services. Hardware GM will be dropping in order to expand the customer base, but the iOS ecosystem will be getting more profitable. I'm looking forward to a streaming radio service for starters and something similar for current TV shows would be nice as opposed to buying a season of a single show.
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Mav
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Post by Mav on Apr 23, 2013 15:33:14 GMT -8
Any thougths on the market will react tomorow? AH not promising. Uncertainty of many fronts is removed. We may struggle for a couple of days but after that a gentle but steady climb begins. I'm not sure people have baked in earnings estimates dropping into the $7 EPS range. That's a 20%+ haircut from today's consensus. Until we know how AAPL absorbs that expectations adjustment, who knows. Honestly, I'd be a heck of a lot more worried if not for that big divvy+buyback expansion.
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