Since84
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To infinity and beyond!
Posts: 3,933
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Post by Since84 on May 11, 2015 2:43:12 GMT -8
Good morning everyone. AAPL is slightly RED in premarket, trading at 127.54 -0.08 (-0.06%) as of 6:28AM. Major US indices are slightly RED as well. In the news: Money reports Apple Pay Is Creaming Walmart in the Mobile Payment Wars. Hmmm. Something that requires a more exposure of your personal data and a direct link to your checking account versus something that conceals your personal data, which would I choose? ZDNet reports China smartphone market shrinks for first time in six years, These are IDC numbers. Apple expands green initiative in China. Stories at AppleInsider, AP, and CNBC. Have a great day. Let's make money.
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Post by artman1033 on May 11, 2015 3:51:38 GMT -8
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Post by Nevyn on May 11, 2015 4:15:30 GMT -8
China’s smartphone market, world’s largest, shrinks in first-quarter: study (RTGAM)
BEIJING China’s smartphone market has reached saturation, according to a new study by industry analyst IDC that carries potentially significant implications for the global handset industry led by giants like Apple Inc. and Samsung Electronics Co. Ltd.
During the first quarter of 2015, smartphone shipments in the world’s most populous country shrank for the first time in six years to 98.8 million, down 4.3 per cent from a year earlier, IDC said in report on a Monday, attributing the slump to “market saturation”.
The rise of Chinese consumers has fuelled booming demand for smartphones in recent years, lifting firms including Apple – which made a record $16.8-billion in revenue in China last quarter thanks to its iPhone 6 series launch – and Beijing-based Xiaomi, which grew into a $46-billion company in just four years.
China overtook the United States in 2011 to become the world’s largest smartphone market.
But IDC’s data suggesting that a slowdown has already begun could pose questions for the industry.
Thanks to its large-screen iPhone 6, Apple consolidated its position in the shrinking Chinese market, claiming 14.7 per cent market share, ahead of Xiaomi and Huawei at 13.7 per cent and 11.4 per cent, respectively, according to IDC.
Global leader Samsung came in fourth in China with a 9.7 per cent share.
The slowdown in China will increase pressure on manufacturers to seek growth in India and Southeast Asia, where striking partnerships with distributors will prove critical, said IDC analyst Xiaohan Tay.
Xiaomi, for one, has actively courted both online and offline sellers in India over the past year. The company, which has sold its handsets on Flipkart.com for the past year, said last month it would also sell its phones at The Mobile Store retail chain throughout the country.
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Post by Nevyn on May 11, 2015 4:21:29 GMT -8
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Post by Red Shirted Ensign on May 11, 2015 5:07:08 GMT -8
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Post by Red Shirted Ensign on May 11, 2015 5:21:30 GMT -8
Scott Redler's thoughts on AAPL
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Post by macwire on May 11, 2015 6:19:01 GMT -8
Not looking good today guys. Sadly we seem to need Icahn to help the longs out.
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Post by 2centsplus on May 11, 2015 6:38:28 GMT -8
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Post by archibaldtuttle on May 11, 2015 7:55:31 GMT -8
I am very curious to see if Icahn still has the power to move the stock. Obviously everyone knows his positions and opinions on the stock, so if that's not already "priced in," I don't know what is...
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JDSoCal
Member
Aspiring oligarch
Posts: 4,183
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Post by JDSoCal on May 11, 2015 7:56:42 GMT -8
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chinacat
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AAPL Long since 2006
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Post by chinacat on May 11, 2015 8:34:13 GMT -8
I was surprised yesterday to see the Forbes headline "Why so many Apple Watch apps suck" on PED's article; noticed that today it has been changed to "Why so many Apple Watch apps don't work." I'm no prude, but I guess some Forbes staffers, as well as many younger folks I know, don't understand the derivation of the term. Ironic, when the push for gay rights is increasing. Today's price action, however, does suck.
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Post by artman1033 on May 11, 2015 8:54:56 GMT -8
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Post by artman1033 on May 11, 2015 9:01:24 GMT -8
Self-Driving Cars Crash Data Mired By Lack Of Human Reporting Share this Tweet this By Sarah Kaufman May 11, 2015 The jury is still out on the dangers posed by self-driving cars versus having humans in control of the wheel after statistics uncovered by the AP showed that four of the 48 self-driving cars allowed on Californian roads have had traffic accidents. Two of those accidents occurred while a human, who is mandated to be in the drivers seat, was in control of the car. The other two occurred when the car’s computer system was operating alone, the AP said. Four, or two, accidents in the approximately 140,000 miles Google’s self-driven cars have traveled since September might seem high when compared to the national rate for reported “property-damage-only crashes,” which is only 0.3 per 100,000 miles driven, according to numbers from the National Highway Traffic Safety Administration. But that’s because the statistics kept on millions of vehicle accidents are skewed by the fact that human drivers often don’t report minor crashes or damage to their car. Google told AP that it’s possible there are as many as 5 million minor vehicle accidents that go unreported each year. Google spokeswoman Katelin Jabbari said self-driving cars have accumulated more than 700,000 miles “autonomously” since 2007 “on both freeways and city streets, without causing a single accident.” But in a written statement, Google said cars driving around the company’s headquarters had “a handful of minor fender-benders, light damage, no injuries, so far caused by human error and inattention.” Some have criticized Google for failing to disclose the details of the incidents, but Google has cited California state law which says collision details can remain confidential. The four accidents since September happened at speeds slower than 10 mph, two of them while the cars were in self-driving mode, an anonymous source told AP. Google executives have said self-driving cars will be on the roads in the next few years, while others www.vocativ.com/news/191635/self-driving-cars-crash-data-mired-by-lack-of-reporting
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Deleted
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Post by Deleted on May 11, 2015 10:20:00 GMT -8
Between lack of catalysts (Sorry, Uncle Carl) and open interest, I don't see AAPL doing much until WWDC. It's looking like AAPL won't replay the Jan-Feb tape, wherein AAPL ran on post-Dec. quarter earnings.
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Post by nagrani on May 11, 2015 11:02:14 GMT -8
I smell a lower high. Bring it
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Post by tuffett on May 11, 2015 11:32:18 GMT -8
More tax troubles, this time in Australia...
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Post by incorrigible on May 11, 2015 12:03:47 GMT -8
Self-Driving Cars Crash Data Mired By Lack Of Human Reporting Share this Tweet this By Sarah Kaufman May 11, 2015 The jury is still out on the dangers posed by self-driving cars versus having humans in control of the wheel after statistics uncovered by the AP showed that four of the 48 self-driving cars allowed on Californian roads have had traffic accidents. Two of those accidents occurred while a human, who is mandated to be in the drivers seat, was in control of the car. The other two occurred when the car’s computer system was operating alone, the AP said. Four, or two, accidents in the approximately 140,000 miles Google’s self-driven cars have traveled since September might seem high when compared to the national rate for reported “property-damage-only crashes,” which is only 0.3 per 100,000 miles driven, according to numbers from the National Highway Traffic Safety Administration. But that’s because the statistics kept on millions of vehicle accidents are skewed by the fact that human drivers often don’t report minor crashes or damage to their car. Google told AP that it’s possible there are as many as 5 million minor vehicle accidents that go unreported each year. Google spokeswoman Katelin Jabbari said self-driving cars have accumulated more than 700,000 miles “autonomously” since 2007 “on both freeways and city streets, without causing a single accident.” But in a written statement, Google said cars driving around the company’s headquarters had “a handful of minor fender-benders, light damage, no injuries, so far caused by human error and inattention.” Some have criticized Google for failing to disclose the details of the incidents, but Google has cited California state law which says collision details can remain confidential. The four accidents since September happened at speeds slower than 10 mph, two of them while the cars were in self-driving mode, an anonymous source told AP. Google executives have said self-driving cars will be on the roads in the next few years, while others www.vocativ.com/news/191635/self-driving-cars-crash-data-mired-by-lack-of-reportingSoon driving your own car will no longer be allowed. Sad the nanny state this country is becoming. In the 40 years I've been driving (about 10K miles per year; 400K miles), i've had one accident (fender bender). No way I would trust a machine to drive me. I can barely let my wife drive.
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Post by artman1033 on May 11, 2015 12:17:54 GMT -8
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macster
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Post by macster on May 11, 2015 12:25:30 GMT -8
Self-Driving Cars Crash Data Mired By Lack Of Human Reporting Share this Tweet this By Sarah Kaufman May 11, 2015 The jury is still out on the dangers posed by self-driving cars versus having humans in control of the wheel after statistics uncovered by the AP showed that four of the 48 self-driving cars allowed on Californian roads have had traffic accidents. Two of those accidents occurred while a human, who is mandated to be in the drivers seat, was in control of the car. The other two occurred when the car’s computer system was operating alone, the AP said. Four, or two, accidents in the approximately 140,000 miles Google’s self-driven cars have traveled since September might seem high when compared to the national rate for reported “property-damage-only crashes,” which is only 0.3 per 100,000 miles driven, according to numbers from the National Highway Traffic Safety Administration. But that’s because the statistics kept on millions of vehicle accidents are skewed by the fact that human drivers often don’t report minor crashes or damage to their car. Google told AP that it’s possible there are as many as 5 million minor vehicle accidents that go unreported each year. Google spokeswoman Katelin Jabbari said self-driving cars have accumulated more than 700,000 miles “autonomously” since 2007 “on both freeways and city streets, without causing a single accident.” But in a written statement, Google said cars driving around the company’s headquarters had “a handful of minor fender-benders, light damage, no injuries, so far caused by human error and inattention.” Some have criticized Google for failing to disclose the details of the incidents, but Google has cited California state law which says collision details can remain confidential. The four accidents since September happened at speeds slower than 10 mph, two of them while the cars were in self-driving mode, an anonymous source told AP. Google executives have said self-driving cars will be on the roads in the next few years, while others www.vocativ.com/news/191635/self-driving-cars-crash-data-mired-by-lack-of-reportingSoon driving your own car will no longer be allowed. Sad the nanny state this country is becoming. In the 40 years I've been driving (about 10K miles per year; 400K miles), i've had one accident (fender bender). No way I would trust a machine to drive me. I can barely let my wife drive. I've always said that the future will look back and think humans were insane driving 55/65 mph down two lane roads in opposite directions with nothing but a double painted line separating them. But definitely purchasing a auto for pleasure that you cant drive yourself is insane.
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Post by Red Shirted Ensign on May 11, 2015 12:55:35 GMT -8
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Post by rickag on May 11, 2015 13:05:37 GMT -8
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Deleted
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Post by Deleted on May 11, 2015 13:33:44 GMT -8
Soon driving your own car will no longer be allowed. Sad the nanny state this country is becoming. In the 40 years I've been driving (about 10K miles per year; 400K miles), i've had one accident (fender bender). No way I would trust a machine to drive me. I can barely let my wife drive. "Soon" defined as 20 years, minimum.
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Deleted
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Post by Deleted on May 11, 2015 13:35:02 GMT -8
Nice tweet Horace! I support this message to WS: Wake up!
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Post by archibaldtuttle on May 11, 2015 13:40:17 GMT -8
It's pretty crazy that naysaying emotional doubt always rules this stock rather than cold hard facts.
The benefit of that is that eventually the facts catch up... by September, Apple's TTM earnings will be around $9/share. Even at a 15.5 PE, that's about $140.
If the world was more just and AAPL got the same 19.6 multiple as MSFT, $9 TTM would mean $176.
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Deleted
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Post by Deleted on May 11, 2015 14:21:47 GMT -8
If institutional owners are constrained from buying more due to concentration, etc., then the upside is limited to selling to new institutions. Retail money is at approx. 40% and at this level, and that might be some kind of limit. Has anyone ever read any analysis about the relationship between a high market cap stock and the difficulty of taking it even higher?
Trying to understand the low P/E relative to Apple's performance is a head-scratcher for me.
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Post by archibaldtuttle on May 11, 2015 14:31:24 GMT -8
I don't think we're bumping against a large cap investor limit because we were at 133 just a couple weeks ago... If that was the problem we'd be plateauing at the highs instead of in this purgatory range.
This is the same old "apple is doomed" future hand-wringing that has plagued the stock since 1997. It will never change because whatever home run they just hit is in the past, it's impossible that they will hit more in the future. There's no way to prove otherwise.
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Post by rickag on May 11, 2015 15:08:34 GMT -8
OK, done crying, now I'm just pissed off.
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Post by macwire on May 11, 2015 16:17:32 GMT -8
It's pretty crazy that naysaying emotional doubt always rules this stock rather than cold hard facts. The benefit of that is that eventually the facts catch up... by September, Apple's TTM earnings will be around $9/share. Even at a 15.5 PE, that's about $140. If the world was more just and AAPL got the same 19.6 multiple as MSFT, $9 TTM would mean $176. Why would it be? The market is filled with humans. Humans are not always rational. LOL
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chinacat
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AAPL Long since 2006
Posts: 4,429
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Post by chinacat on May 11, 2015 17:19:00 GMT -8
To lighten the mood a bit... ...let's see if Apple can conquer a corner of the enterprise the way that they have swept into China. This should be one of the areas where IBM will help.
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Post by osx10 on May 11, 2015 17:19:16 GMT -8
Anyone here know of an alternative to the CNBC app for iPhones that has real time quotes + pm/ah quotes -
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