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Post by dmiller on Mar 15, 2015 5:38:45 GMT -8
But of course, the author can't help but be inaccurate: "Increasing her reportedly $26 million salary to over $70 million annually (more than Apple CEO Tim Cook receives)" Correct me if I remember wrong, but she's not making "$70 million annually". She got a one-time $70 million for coming on board (and some of this may have been deferred) to make up for the deferred compensation/stock/whatever that she was losing from leaving Burberry.
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CdnPhoto
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Post by CdnPhoto on Mar 15, 2015 5:49:04 GMT -8
So, who announces a new product on a Saturday when nothing is going on? Blackberry, of course. Blackberry announced a new tablet based on the Samsung Galaxy Tab 10.5 Tablet. The price for this new entrant to the market? $2,380 and, it's not even made of gold!
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Post by Red Shirted Ensign on Mar 15, 2015 6:48:00 GMT -8
So, who announces a new product on a Saturday when nothing is going on? Blackberry, of course. Blackberry announced a new tablet based on the Samsung Galaxy Tab 10.5 Tablet. The price for this new entrant to the market? $2,380 and, it's not even made of gold! Key quote: " Every user familiar with an Android tablet won’t have any problems,” he told The Wall Street Journal on the sidelines of the CeBIT technology fair here, where the device was introduced. That would seem to lower the key demographic that might use a ( cough)'$2400 tablet. One of these things is not like the other. I predict sales in the hundreds...
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Post by CdnPhoto on Mar 15, 2015 7:13:49 GMT -8
So, who announces a new product on a Saturday when nothing is going on? Blackberry, of course. Blackberry announced a new tablet based on the Samsung Galaxy Tab 10.5 Tablet. The price for this new entrant to the market? $2,380 and, it's not even made of gold! Key quote: " Every user familiar with an Android tablet won’t have any problems,” he told The Wall Street Journal on the sidelines of the CeBIT technology fair here, where the device was introduced. That would seem to lower the key demographic that might use a ( cough)'$2400 tablet. One of these things is not like the other. I predict sales in the hundreds... You mean beyond the management team of Blackberry and Samsung?
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Post by Deleted on Mar 15, 2015 7:31:32 GMT -8
Reuters is jumping the shark on a regular basis now. I don't suppose they published the results to the question: "Of the people familiar with Apple Watch, how many plan to purchase it?? As the Watch is a WEARABLE, I think this is the key for the presence of in-store demos ahead of launch. As such, there are issues of size, comfort, and style (e.g. many choices). I believe Apple is rolling out this "try-it-on" period to minimize returns, in addition to the other reasons cited (e.g. feedback, buzz factor, etc.). In contrast to MacBooks, iPads and iPhones, the Watch needs a dressing-room of sorts. Very smart. However, I know what I'm buying: The Stainless with black classic buckle. Done.
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Post by Deleted on Mar 15, 2015 7:35:22 GMT -8
Picked up the new MacBook Pro. The new trackpad is uncanny. There is no way you can tell it is not actually moving, either with a an ordinary click or the force click. Impressive. It actually DOES move. Some. What I don't know from my Apple Store visit is if it mechanically clicks at all. It's a great trackpad for the most part. Yep. It works well on the one demo unit in the Apple store I tried. The adjustment period should be short. I'm more interested in the new keyboard on the MacBook.
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Post by mace on Mar 15, 2015 7:36:09 GMT -8
What is the guaranteed cash refund period, 14 days? Anyone game to buy an watch edition, take tons of selfies and partying, then return within 14 days?
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Post by Lstream on Mar 15, 2015 8:18:03 GMT -8
Maybe it flexes a bit, but not enough to give that clicking sensation. I am going to turn it off and see what happens. I expect almost nothing when it is pushed in. Just like pushing on glass. Let me know. When it's on and Force Touch is unchecked you can't tell. Either way it's great for basic clicks. And by move, it really does depress like a trackpad. Just not THAT that much. 12" MacBook will be interesting. If you turn it off, you will find that it does not depress like a normal trackpad. It just flexes a small bit, almost imperceptible, probably due to the need for you to feel the force coming back at your finger through the material. So there is no clicking action at all arising from mechanical behaviour. I think this is a huge improvement over prior trackpads, since you can click anywhere, even in a corner and you are completely fooled into thinking you are clicking, when in fact you are not.
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Post by tuffett on Mar 15, 2015 8:21:38 GMT -8
JD - You are bringing the economy up and Mace brought up the general market yesterday. As much faith as we have in AAPL it's a good time for all of us to remember that it is part of a bigger economy and a bigger market. One would think folks would flee to quality but often they use it as liquidity or simply "liquify" out of fear and stay in cash ... selling all ... even selling the great ones. Wednesday is the Fed meeting. Everyone is waiting for the word "patience" to come out of Yellen's statement. Will it? Won't it? What will it mean for the markets? I can assure you that PRIOR to Weds. it will probably mean quiet lackluster markets. No one is willing to make bets before the commentary. In addition, with all that is going fueling this strength in the USD we haven't truly seen an avalanche of companies (with overseas exposure) come out and warn on earnings yet...and YOU JUST KNOW they don't have their act together on currency hedges given how precipitous the fall of the Euro was (although AAPL seems to manage to do it fairly well)....and here we are coming into earnings season! So why am I bringing this all up? Just to remind everyone to be a bit nimble ... and to remember that there is a bigger world out there that can whip us around even though we own the greatest company in the world universe...be comfortable with your risk level... and keep the faith ... this too shall pass. Before the year is out we will be at ATH - I'm convinced - it's the journey I'm trying to navigate without getting too battered - enjoy your Saturday! I'll let you know if I see anything interesting on other blogs. From Tim Cook's Mad Money call: Cramer: Do you think — well, do you think that... y'know, people are worried about the world, people worry about Europe, people worry about currency. Are we being, are those just the kinds of things that Wall Street worries about, and if you're at home, or you're watching, you own a hundred shares of Apple, you should just be thinking that Tim Cook and the team are ready for pretty much anything the world might throw at us? Cook: Currency's clearly a problem, but frankly the best companies will figure out a way to manage it. There have been a couple of reports recently of Apple raising prices in certain foreign markets... including here in the UK. The price raises can come as quite a shock. The Apple Watch pricing in Canada is so much higher than the numbers being thrown around in the USD-centric media that a lot of people I know are surprised. People here are used to USD/CAD being around par (as it was for many years), and aren't really tuned into the fact the Canadian dollar has been tanking. There is a lot of ignorance amongst the general public and a lot of sticker shock for higher priced products. It will be interesting to see how much it impacts sales. Apple is probably one of the few brands that can get away with it, but there will be impact even for them. Apple Watch Sport starts at $449 here.
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Post by Deleted on Mar 15, 2015 8:21:42 GMT -8
What is the guaranteed cash refund period, 14 days? Anyone game to buy an watch edition, take tons of selfies and partying, then return within 14 days? I suspect Apple may attach some strings to its regular return policy, although many customers will be "qualified" by the price point alone ($10k - $17k). I doubt kids have that kind of credit limit or cash for a whimsical "selfie-weekend" with Watch Edition.
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Post by Luckychoices on Mar 15, 2015 9:45:32 GMT -8
Why the Apple Watch won’t be the new Rolex
MarketWatch wonders if the Apple Watch will be the new Rolex so they ask Steve Kivel, "the head of New York’s Central Watch, a family-run repairer and retailer of timepieces that’s been in business since 1952, operating from a humble storefront in Grand Central Terminal." Great idea, MarketWatch, what's Steve's objective opinion?
==== - Kivel’s take on Apple’s AAPL, -0.69% much-discussed new product? It may have plenty of fun features, but a true watch is the perfect wedding of form and function, combining elegant design with mechanical precision. By contrast, said Kivel, falling in love with an Apple Watch is “like falling in love with The Terminator” — that is, a piece of machinery.
- Chief among his concerns is that despite all the measures that Apple has taken, the watch could be prone to scratching. Actually, all watches — even Rolexes — are prone to damage of one sort or another, Kivel said. “If you wear a watch every day for a year, it will look bad.”
- Ultimately, Kivel says he’s not worried about how the Apple Watch will affect his business, which has been booming of late. (Kivel’s office is actually on the 10th floor of a building opposite Grand Central Terminal — there are simply too many repair orders to be handled from a storefront alone.)
- But more to the point, Kivel sees potential for the Apple Watch to get a new generation interested in watches again. And once these Apple fanboys (and fangirls) become familiar with a digital product — The Terminator watch, if you will — he thinks there’s potential for them to seek out a traditional watch. After all, there’s nothing quite like a Rolex, said Kivel. ====================== Selected Comments to the column:
Bill Sweeney from Facebook-4 days ago Wait, a watch repairman doesn't like the Apple Watch?
Lance Hairston from Facebook-5 days ago Who the hell would say the "new Apple watch will be the new Rolex" , that's an insult to Rolex comparing it with crap. FlagShareLikeReply David Small 18 hours ago -------No Lance, comparing Rolex to the Apple Watch is like comparing the Pony Express to Electronic Mail.
Jeff York from Facebook-5 days ago This is like asking a man who repairs typewriters what he has to say about computers
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JDSoCal
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Post by JDSoCal on Mar 15, 2015 9:52:51 GMT -8
Why the Apple Watch won’t be the new Rolex Might as well just ask the head of a PR firm that represents Swiss watchmakers his opinion.
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Post by Deleted on Mar 15, 2015 10:14:08 GMT -8
Steve Kivel is delusional if he believes the traditional watch industry will see renewed interest from Apple's Watch. He's close to getting it right though, the watch industry has a date with the Terminator on April 24.
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Mav
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Post by Mav on Mar 15, 2015 10:22:45 GMT -8
Let me know. When it's on and Force Touch is unchecked you can't tell. Either way it's great for basic clicks. And by move, it really does depress like a trackpad. Just not THAT that much. 12" MacBook will be interesting. If you turn it off, you will find that it does not depress like a normal trackpad. It just flexes a small bit, almost imperceptible, probably due to the need for you to feel the force coming back at your finger through the material. So there is no clicking action at all arising from mechanical behaviour. I think this is a huge improvement over prior trackpads, since you can click anywhere, even in a corner and you are completely fooled into thinking you are clicking, when in fact you are not. Yep, the Apple Store rep actually saved me the trouble by shutting down the Mac himself. You can't get the, ahem, "magic trackpad" clicky feel without attention to the materials. The glass and rest of the assembly allows for just enough give, and then Taptic Engine does the rest. It might not be 100% true-to-life (maybe 95-99% ), but who cares? This is the user-friendliest clickable trackpad in the history of laptops.
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Mav
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Post by Mav on Mar 15, 2015 10:25:01 GMT -8
What is the guaranteed cash refund period, 14 days? Anyone game to buy an watch edition, take tons of selfies and partying, then return within 14 days? I suspect Apple may attach some strings to its regular return policy, although many customers will be "qualified" by the price point alone ($10k - $17k). I doubt kids have that kind of credit limit or cash for a whimsical "selfie-weekend" with Watch Edition. Restocking fees are always great that way.
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Post by Luckychoices on Mar 15, 2015 11:43:56 GMT -8
Long-time Apple bull Matthew 25 fund starts trimming position By David Randall
NEW YORK, March 11 (Reuters) - A portfolio manager whose outsized Apple Inc position helped him beat 99 percent of his peers over the last five years has started to trim his stake out of concerns that the iPhone maker's stock no longer looks as attractive.
Mark Mulholland, who manages the $849 million Matthew 25 fund, has 15.3 percent of his portfolio in Apple, the second-largest weighting of any actively managed fund tracked by Lipper. Mulholland expects to trim that to about 10 percent of his portfolio, he said in an interview.
"It's not a company under duress by any means, but it's not trading at as big as a discount as it was before," Mulholland said.
Shares of Apple are up 64 percent over the last 12 months, including a 12.8 percent jump so far this year. The company trades at a price-to-earnings ratio of 16.7, up from its 52-week low of 12.5.
Even at 10 percent of Matthew 25's portfolio, Apple will remain a major holding for the fund. Most actively managed funds tend to hold less than 6 percent in any one position in order to mitigate risks.
Yet Mulholland argues that taking concentrated positions is the only way for investors to outperform broad benchmarks over time. ==> I, and a number of members of this forum, would agree with this statement. So why reduce holdings in what is probably the strongest equity in the portfolio?
His portfolio of 30 stocks, which includes positions in outdoor retailer Cabela's Inc and FedEx Corp, has returned an average of 21.2 percent a year over the last five years, according to Morningstar. That performance is 6.5 percentage points greater than the S&P 500 over the same time.
Mulholland still considers Apple undervalued overall, he said. The funds from trimming his Apple position will be reallocated or held as cash for any fund redemptions, he added.
The Matthew 25 fund is up 1.7 percent so far this year, or about 2 percentage points more than the S&P 500. ==> Apple is up 12.8% this year. The Matthew 25 Fund is up 1.7% this year, while holding 15.3% Apple, so Mark Mulholland's move for the future is to decrease the holdings in Apple? Now see, this right here is one of a number of reasons why I admit to being totally unqualified to be a portfolio manager.
(Reporting by David Randall; Editing by Richard Chang)
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Mav
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Post by Mav on Mar 15, 2015 12:21:45 GMT -8
Seems to me he should've been trimming at 130. He'll think about adding back probably around that level too.
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Post by Luckychoices on Mar 15, 2015 14:19:39 GMT -8
Seems to me he should've been trimming at 130. He'll think about adding back probably around that level too. Or...but here's another possible scenario, Mav... hold long and don't "trim". But perhaps holding a stock as valuable as AAPL isn't an option for a "portfolio manager" lest it appear that he or she isn't doing anything that can't be done by those of us who are managing our own portfolio. He bought enough AAPL to make it 15.3% of his portfolio and now he's selling or "trimming" at this level because the stock "no longer looks as attractive." Sometimes the best course of action is no action_unless, of course, the action is to buy more of the stock that's up over 12% so far this year.
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Post by hamourabi on Mar 15, 2015 14:34:40 GMT -8
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Post by nagrani on Mar 15, 2015 14:35:48 GMT -8
Apple has a 4 week losing streak - will the trend continue?
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Post by Luckychoices on Mar 15, 2015 14:49:51 GMT -8
Great article! Thanks for posting the link.
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Post by mace on Mar 15, 2015 15:01:17 GMT -8
Seems to me he should've been trimming at 130. He'll think about adding back probably around that level too. Or...but here's another possible scenario, Mav... hold long and don't "trim". But perhaps holding a stock as valuable as AAPL isn't an option for a "portfolio manager" lest it appear that he or she isn't doing anything that can't be done by those of us who are managing our own portfolio. He bought enough AAPL to make it 15.3% of his portfolio and now he's selling or "trimming" at this level because the stock "no longer looks as attractive." Sometimes the best course of action is no action_unless, of course, the action is to buy more of the stock that's up over 12% so far this year. Sensational news by journalist. Merely re-balance back to 10%.
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Post by nagrani on Mar 15, 2015 17:05:47 GMT -8
Phoebe any EW analysis to share??
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Post by Deleted on Mar 15, 2015 17:20:32 GMT -8
If there's one thing I learned about the stock market over the last ten years, short term price movements cannot be predicted. Period. Anyone suggesting they have a crystal ball is full of it. Having said that, weekly call buyers have been on an impressive losing streak, so that bears watching.
Preordering on April 10 is a month away, and March quarter earnings two weeks after that (just after the Watch debut). When do institutions and retail money figure out the Watch is going to be a success and the March quarter is going to be one for the record books?
I have shares and don't have ANY option positions expiring in 2015, with 40% in cash. I'm quite content and confident.
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Post by incorrigible on Mar 15, 2015 17:42:50 GMT -8
That was indeed a good read.
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JDSoCal
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Post by JDSoCal on Mar 15, 2015 20:01:37 GMT -8
DED really can skewer you when you're in his sights. What DED writes is magnitudes more insightful than what passes for analysis on the likes of CNBC or NYT or WSJ. How the hell does a tard like Rocco Pendejo get onto CNBC, and yet this guy languishes away on Apple Insider? The sad thing is, most of it is so obvious to those with three-digit IQ's. Stupidity is like a cancer these days. Or like Invasion of the Body Snatchers. Let's hope for a green week, eh?
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Post by artman1033 on Mar 15, 2015 20:16:41 GMT -8
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JDSoCal
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Post by JDSoCal on Mar 15, 2015 21:26:55 GMT -8
Actually, I thought they both made similar and complementary points. Can I like both articles? Sometimes, I'm just too positive for some people.
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