Week Ending 06/07/13: $441.81 (-7.93)

[sponge]

Jun 9, 2013 19:10:39 GMT -5 vitalogy80 said:

Jun 9, 2013 13:26:04 GMT -5 sponge said:

LOL

However in my defense I have been preaching buying and holding since 2007. We have increased 4x since then and in the next 6 years I expect the same from this level.

Ya, and how would you have done if you had only bought and held instead of buying on margin and purchasing options?? Instead you bought high and sold low.

I am still OK. Will recover at $800 and do quite well at $1400 in about 6 years.

[marcellus]

More WWDC leaks coming, this time sourced from the WSJ. 100%: iOS7 overall. Airdrop. iRadio. New Macs.

www.macrumors.com/2013/06/09/wsj-confirms-new-ios-7-design-iradio-introduction-at-wwdc/

[prazan]

An entertaining blow-by-blow account of the trial:

paidcontent.org/tag/legal/

[Mav]

Gruber has pretty much zero clue about iOS 7, so take his guesses with a few grains of salt.

The training wheels can't come off in terms of elegant simplicity, user-friendliness. Since Apple is the computing company for the rest of us, it'll _always_ have "training wheels" in a manner of speaking.

Is there room for advancement, sure. Will iOS 7 be a nice step forward, I'm quite sure of that. But I'm "bothered" (note the quotes) by the "expectations" that iOS 7 will be some really big advance. If I had to guess, I'd say iOS 7 will continue the True Year of Transition(tm) theme, with iOS 7 being somewhere between "Snow Leopard" (mostly interface refinements and maybe some new groundwork for the future) and "Lion" (introducing fairly significant conceptual changes and features). I'm open to being surprised, but Federighi had to take over and potentially "undo" some of Forstall's work, while Ive never (directly) worked on software interfaces and only started at the post about seven months ago, while iOS 7 was presumably already in development.

This is meaningless longer-term. Apple continues to make the moves it needs to in order to stay vibrant (read: maintain a vibrant, mostly happy userbase/third-party dev community/third-party ecosystem). It just never fails to amuse how some pundits and others forget just how practical and realistic Apple is, for all its innovative capacity.

[Mav]

Jun 9, 2013 20:50:18 GMT -5 marcellus said:

More WWDC leaks coming, this time sourced from the WSJ. 100%: iOS7 overall. Airdrop. iRadio. New Macs.

www.macrumors.com/2013/06/09/wsj-confirms-new-ios-7-design-iradio-introduction-at-wwdc/

And let's not forget, Apple's still in crisis.

WSJ:

Apple's streak of game-changing devices has stalled and the iPhone and iPad seem stale, compared with new offerings from Samsung Electronics Co. and others. Software blunders, like Apple's widely panned mapping app, have raised doubts about the company's ability to build cutting-edge mobile services. Rivals like Google Inc. are colonizing the iPhone with their own software, bolstering use of their own rival offerings.

NYT:

As Apple expands its product lines to include cheaper products, like the iPad Mini and a rumored cheaper iPhone, its profit margins will decrease. That is when the importance of online services will become even greater for Apple because they will provide more ways to make money, Mr. McQuivey said.

“If Apple doesn’t make this shift to services,” he said, “they won’t be left with a leg to stand on.”

It's always the Golden Age of tech reporting when it comes to Apple.

EDIT: Just for fun...looking over the WWDC banners, since Apple was bound to run out of cats AND point numbers fairly soon, I'm guessing Apple's dispensing with 10.9. But no need to get too creative with naming, it's finally time for Mac OS 11. (Cue the long-awaited "take it to 11" jokes.)

[marcellus]

The WSJ and NYT have a axe to grind against Apple. Does Murdoch still swing at Apple over The Daily fiasco? What is with the NYT? Not enough advertising?

Do both expect Apple is going to disrupt their industry in a bigger way?

The negative bias is so obvious there MUST be some motivation behind it.

[Mav]

It could just be some compulsion to hate on Apple. I mean, what'd Apple ever do to Ihnatko, right? Same with Pogue and Mossberg. Heck, BLam of Gizmodo himself admitted he was a real jerk to Jobs (long after the fact). thewirecutter.com/2011/10/steve-jobs-was-always-kind-to-me-or-regrets-of-an-asshole/

The Rodney Dangerfield Theory of Apple gets re-validated every week.

The WSJ and NYT have unprecedented readership access now through iOS alone. Dwarfs the ~2M total paper + digital circulation that the most-read papers have many times over, and there's a real opportunity to engage foreign markets for the taking somewhere. I doubt this is all because of some disagreement over the 30% revenue cut of subscriptions.

[marcellus]

Mossberg is more even handed, but his publishers flat suck and no doubt exert influence w/Walt's writing. Pogue is similarly playing puppet to his NYT editors.

There's got to be something more than the psychology of Mossberg and Pogue to hate on Apple. It's bewildering to the point I think there's a bigger story behind the bias.

[sponge]

The less respect Apple gets the bigger the opportunity to invest while cheap. Media and sell side analysts don't really understand Apples long term potential. But 61% of institutional investors do. They don't care what the papers say or what some analysts changes his price target to. They buy and hold for 20 years and make a great deal more then investing just in some mutual fund or big index.

[marcellus]

Jun 9, 2013 22:54:44 GMT -5 sponge said:

The less respect Apple gets the bigger the opportunity to invest while cheap. Media and sell side analysts don't really understand Apples long term potential. But 61% of institutional investors do. They don't care what the papers say or what some analysts changes his price target to. They buy and hold for 20 years and make a great deal more then investing just in some mutual fund or big index.

61% of institutional investors? That's not the same as saying 64% of Apple is owned by institutions.

And I would fire any money manager who stated his intention to hold Apple for 20 years without recognition for the volatility of a tech company. My crystal ball for Apple is 12 months. Price targets beyond this time frame are extremely speculative that go beyond even a W.A.G.

[Mav]

I gave up on price targets months ago. Visibility _should_ improve but for now, it's nil IMHO.

[sponge]

Mercel

I have much more faith in Apple then most. I recall in 1997 wondering how long I would keep my Apple computer even after the company went under. I just wish I had the balls to invest in 2001. I won't make that mistake again.

Apple is an investment of a generation. My grand kids will thank me. It's much more then a tech company. Few understand that.

IBM and GE were great investments back in 1950 and they continue today.

[greggthurman]

Jun 9, 2013 19:10:39 GMT -5 vitalogy80 said:

Ya, and how would you have done if you had only bought and held instead of buying on margin and purchasing options?? Instead you bought high and sold low.

Anybody that's logging into this forum for more than 3 months knows how everybody else has been doing.

I disagree with much of what Sponge posts, but he's always taken responsibility for his losses. He has never blamed others, like some here have done (blaming management).

So what's the point of your post, other than rubbing in someone else's misfortune?

[greggthurman]

Futures of all US indexes and the Nikkei are GREEN. It would be nice to know how DAX and FTSE Futures are doing.

[greggthurman]

Jun 9, 2013 22:04:17 GMT -5 marcellus said:

The WSJ and NYT have a axe to grind against Apple. Does Murdoch still swing at Apple over The Daily fiasco? What is with the NYT? Not enough advertising?

Do both expect Apple is going to disrupt their industry in a bigger way?

The negative bias is so obvious there MUST be some motivation behind it.

Well, as far as the NYT goes, is losing subscribers and ad revenues...fast.