Well this is our third down week in a row, but it seems the bleeding has stopped. Will we stabilize around this level for the rest of the summer? Or will value investors bring up back up to $120+? I doubt the FUDsters have much more ammo left to try to take us down further from here, but I've been (very) wrong before…
After ignoring the fact that Apple had a record quarter, grew in all its geographies and saw its highest level of switchers ever, now the Street can ignore the fact that here at home the big, open-platform, multi-vendor lead Android enjoyed for years is now down to just a few points… Heh heh.
"As for America's most popular operating system, Android continues to see its once commanding lead whittled away by Apple's iOS. Google's share of the market dropped from 52.4 percent to 51.6 percent, shrinking the buffer zone between No. 2 Apple to 7.5 points."
Clearly, we're doomed. Enjoy your weekend! The bar is open. We're enjoying some Stella's.
And lest you think that the FUDsters are taking the day off, Best Buy's Apple Watch retail launch comes up short merely reports that only 43 of the promised 100 stores were offering the Watch yesterday, with another 40 "coming soon." Oh, the tragedy! Also, you will NOT be able to pick up your Watch Edition there, either.
BTW, anyone know why smilies are not showing up as graphics lately?
Last Edit: Aug 8, 2015 11:05:57 GMT -5 by chinacat
Very interesting article, Mercel. Did a very good job of explaining the psychology of the high-end watch market in particular and the luxury goods market more generally. Although Apple is seen as a prime purveyor in the high end tech device market, I still have to wonder who in the company had the vision to extrapolate the tech wearables market to include the luxury category. Of course, Jony Ive comes to mind immediately, perhaps abetted by his pal Mark Newsome, but it still feels like quite a leap for the rest of the Executive Team and even the Board. Good fodder for someone's next "inside Apple" book. Did not answer the question that has been raised many times on this board, however - what about the heirloom aspect.
Last Edit: Aug 8, 2015 19:21:31 GMT -5 by chinacat
Then I don't know why you need to monitor share price so closely. When I first bought AAPL in 1997 (upon return of SJ), I didn't bother to follow share price till 2002, and then only once a quarter. Also don't follow news much... even up to today... the story is about the same just different content. IMHO, no need to follow Apple news and share price so closely unless you're traders like Mercel... btw, I don't trade much, at least not at the frequency of Mercel. I'm more like you and LuckyChoices... happy to collect dividends once a quarter... till something bad happen (transition like Jony leaving is ok, looking for non-cooperative teamwork or sudden resignation especially CFO) at leadership level. IMHO, everything starts from the leadership.
I really don't watch the stock that close unless it is going up real fast or down real fast. I have enough shares that these big moves make me either giddy (up) or queasy (down). I do sell covered calls on most weeks with a portion of shares, with the hope that I keep the stock and the money.
mace, you used to check the share price once a quarter? And you see no need to follow Apple news and share price so closely? And platon, you don't watch the stock that close? Who are you guys?
The first thing I look at on market days is the pre-market stock price, usually between 4 and 5 PDT. The next thing I look at is Since84's first post to see some of the links or info he's posting for the day. After the market opens, I probably check the price 3 or 4 times during the day and I check this board probably 5-10 times over the remainder of the day. I guess I need to learn to fugetaboutit just a little.
My take on the John Maynard Keynes quote: "I can hold AAPL longer than the market can remain irrational...or Trump can remain president." --Luckychoices
"There is no point in being confident and having a small position." --George Soros
"While AAPL could keep climbing from here, I'd more expect a modest pullback, sometime". --4aapl
mace, you used to check the share price once a quarter? And you see no need to follow Apple news and share price so closely?
Was working till 2002. No time to look at share price or blogging. In any case, AAPL doesn't worth much then . The only news worth following closely is news about Apple leadership. IMHO, investing in a company is investing in its leadership. Me, just an ordinary dude who is bad at financial (fundamental) analysis and couldn't understand the nuances of news, obviously don't know how to respond to them. So what is the point of following?
If you were on the Apple board, what would you do to try to get the stock to reflect the PE it deserves? Is there anything the company could do to make AAPL stock more fairly valued? Discuss...
Not as much to keep the stock price up on a daily basis, but just to combat the FUD that comes out uncontested that hurts Apple and AAPL on an FA basis, Luca Brasi or Eddie Cue should be on TV regularly to shoot down this "Apple is doomed" FUD. Show up on Cramer like other companies' execs and stop this bullshit in real time.
"Our favorite holding period is forever." -- Warren Buffett
I've said this from the beginning - the smart watch will make a dent up to a point but the brands like Patek Philippe and Jaeger-LeCoultre are like jewelry. I have the former and have my eye on a model of the latter. These things are a work of art...a thing of beauty. They are like a fine painting. It's a completely different category. That being said I do not believe that the Gucci's and Tags and others of that category will hold out and in fact will go along and produce smart watches. I'm sure you have all seen the successful ad campaign Patek ran a while back: “You never actually own a Patek Philippe, you merely look after it for the next generation.” The article pretty much discusses the concept and I'm in full agreement and have been since the beginning as I stated on the this very thread. The way some of you feel about cars - I feel about watches.
"Cease endlessly striving for what you would like to do and learn to love what must be done." Goethe
mercel: It's been a long strange trip - good to see you're still around (and in AAPL -my assumption).
May 10, 2019 12:48:32 GMT -5
Zeke: Long time no see. Nice to see familiar names still here.
Mar 25, 2019 14:42:52 GMT -5
sponge: Regarding the future of VR, I think it will be huge. I was a gamer when I was in college. But as an adult I lost interest. Last fall I flew up to visit my son at college and check out his new Vive set up. After playing with it for the weekend, I was
Apr 29, 2018 15:25:17 GMT -5
galleybob: thanks for your answer. I will copy and send to her
Nov 7, 2017 15:32:18 GMT -5
rickag: So since Jan 28th 2015 AAPL is up from 117.27 to 157.21
Aug 21, 2017 20:09:43 GMT -5
artman1033: VXAPL = 29.21 AAPL = $117.27 AFTER EARNINGS
Jan 28, 2015 14:54:46 GMT -5
artman1033: VXAPL = 44.94 AAPL = $110.39 BEFORE EARNINGS
Jan 27, 2015 11:12:53 GMT -5