Another positive week for AAPL, minor though the increase was. Perhaps Tim's "Christmas Eve" comment will give folks something to be hopeful about, although he did advise that no one should be holding their breath. I think that sums up a lot about the malaise around the company right now. In the early days of the iPhone there were great leaps forward just about every year. Growing the ecosystem/services revenue is a lot less glamorous, but is critical for maintaining the customer base while waiting for the next blockbuster.
Would love to hear any stories from other members who attended the shareholders meeting.
Last Edit: Feb 27, 2016 13:33:39 GMT -5 by chinacat
Must say it is horribly disappointing that a 'non-technology' company like Berkshire Hathaway is able to webcast their annual meeting, April 30 at 9AM CDT, while a leading technology company, Apple does not.
Apple should be webcasting all public events; Annual meetings, Quarterly Results, etc.
The following is from Neil Cybart of Above Avalon's paid daily newsletter.. I ask his forgiveness for publishing it here, but I find it much preferable to holding on to the belief that all analysts are fools or that the evil overlords are conspiring against us.
How is Holding too Much Cash a Dilemma?
Apple's market valuation is obtained in the marketplace at a price where AAPL buyers and sellers are willing to trade shares to each other. If there is greater demand for shares at a certain price, the price will rise until demand and supply are in equilibrium. Investors buying Apple shares are interested in owning a piece of the company's assets used to generate cash in the future. Since a company's value is obtained by discounting future cash flows and excess cash is not involved in future cash generation, the market is forced to include the cash in its Apple valuation. The end result is there is a high likelihood of either Apple's cash being valued incorrectly, or much more likely, Apple's underlying business being valued at a discount. This is the fundamental logic behind those that have been pushing Apple to use its excess cash to buy back more stock.
Unless foreign cash is brought back to the U.S. in order to boost the magnitude of share buyback, Apple's excess cash will continue to grow, and the valuation metric that the market is giving Apple will continue to be suppressed. This is one likely reason why Apple is trading at a 12x forward P/E multiple. Apple CFO Luca Maestri has quite the dilemma on his hands.
It will be interesting to see if this logic inverts should we enter a period of negative interest rates. OK, now my head hurts
All models are wrong, some are useful--- George E.P. Box
I checked out the link, over one hundred pages = TL/DR. Hope it was all good news for AAPL.
The letter to shareholders itself is only about 30 pages. You really should read it.
OK, I read the 1st 23 pages the. Began skimming the rest. I don't agree with his out look for the future, although workers production may increas to ~$75,000 per worker that just about covers what each man woman and child is currently in debt due to the ~$-17 trillion or government has borrowed,, with no end in sight. Maybe I should buy some of the stocks he has invested in?
SomeJuan: M1X... 16 cores of CPU, 16 cores of GPU, 4nm TSM fab, katy bar the door...
Jan 16, 2021 9:45:11 GMT -5
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