Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Oct 26, 2016 2:14:48 GMT -8
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Post by artman1033 on Oct 26, 2016 2:20:23 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Oct 26, 2016 3:02:15 GMT -8
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Post by artman1033 on Oct 26, 2016 3:38:34 GMT -8
I have now listened to the earnings call and followed the printed transcript.
DARN!
Tim Cook has become SIRI.
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Post by artman1033 on Oct 26, 2016 4:10:14 GMT -8
Excerpts from PED this morning: --- Huberty: Apple could be headed to $162 per shareBetter-than-expected iPhone 7 sales, she says, are already priced into the stock..... In a note to clients Friday, Huberty modestly increased her iPhone estimates for fiscal 2016 Q4 (to 44 million from 43 million) and 2017 Q1 (74 million from 72 million) and nudged her 12-month price target up $1 (to $124 from $123). But that's old news, she says, largely priced into the stock's current price.
Not priced into the shares is her so-called bull case. "We're increasingly confident," she writes, "in the upcoming iPhone supercycle driving meaningful estimate revisions and the stock towards our $162 bull case."
Huberty has long offered a "bull" and "bear case" to go with her official "base case," but she rarely point to either with any conviction. This time is different, thanks to what she calls the coming iPhone supercycle—a combination of pent-demand from weak sales of the last two iPhones and growing interest in the next one—the 10th anniversary edition. Huberty has been banging the drum for the supercycle since June, and other Apple analysts are starting to pick up the theme. With the extra week in FQ1, the much larger install base compared to the iPhone 6, and additional sales from Note 7 victims, am I the only one who thinks that 74 million would be disappointing? Don't get me wrong, I'm glad expectations are subdued but I personally expect to see something closer to 80 million. YES!a new answer from Let us review Luca's answer to "Toni the Tool": Toni, let me take this one. I think you mentioned a number of the things that are affecting us in the December quarter, and I went through them with Katy just a few minutes ago. You're right, we've got an extra few days. You know very well the launch timing is different. You know that we increased iPhone channel inventory by 3.3 million units a year ago. I mentioned two issues that affect us, the one-timer from a year ago that you obviously need to exclude from the compare and the FX that is the reality of our business right now.But maybe the most important element of this is the fact that we are supply constrained on 7 and 7 Plus. And so when you talk about other competitors, it's not particularly relevant to us right now because we are selling everything that we can produce. And so when we look at all these things in its totality, we think that for the total company of course, we believe that revenue's going to grow. You know that we don't get into specific product from a unit standpoint giving guidance, and so we feel very confident about the trajectory for the company and for iPhone going forward.
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Post by artman1033 on Oct 26, 2016 4:23:31 GMT -8
FROM the WIKILEAKS: Hi John, I wanted to reach out to say thanks for the principled and nuanced stance the Secretary took last night on encryption and the tech sector. Leadership at Apple certainly noticed and I am sure that is true though out the Valley. Please know that Apple will continue its work with law enforcement. We share law enforcement's concerns about the threat to citizens and we work closely with authorities to comply with legal requests for data that have helped solve complex crimes. Thousands of times every month, we give governments information about Apple customers and devices, in response to warrants and other forms of legal process. We have a team that responds to those requests 24 hours a day. Strong encryption does not eliminate Apple’s ability to give law enforcement meta-data or any of a number of other very useful categories of data. Tonight, Tim and Apple will be featured on "60 Minutes." We expect encryption and taxes to be covered. In previews, Tim reacts strongly to the EU tax investigation of Apple and other American companies. We will amplify encryption messaging tomorrow when we publicly release our comments on the draft UK Investigatory Powers bill. Best wishes to you and your family and the HRC family for a peaceful and joyous holiday season and a prosperous and bright 2016. Lisa wikileaks.org/podesta-emails/emailid/30593
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Post by phoebear611 on Oct 26, 2016 4:54:53 GMT -8
FROM the WIKILEAKS: Hi John, I wanted to reach out to say thanks for the principled and nuanced stance the Secretary took last night on encryption and the tech sector. Leadership at Apple certainly noticed and I am sure that is true though out the Valley. Please know that Apple will continue its work with law enforcement. We share law enforcement's concerns about the threat to citizens and we work closely with authorities to comply with legal requests for data that have helped solve complex crimes. Thousands of times every month, we give governments information about Apple customers and devices, in response to warrants and other forms of legal process. We have a team that responds to those requests 24 hours a day. Strong encryption does not eliminate Apple’s ability to give law enforcement meta-data or any of a number of other very useful categories of data. Tonight, Tim and Apple will be featured on "60 Minutes." We expect encryption and taxes to be covered. In previews, Tim reacts strongly to the EU tax investigation of Apple and other American companies. We will amplify encryption messaging tomorrow when we publicly release our comments on the draft UK Investigatory Powers bill. Best wishes to you and your family and the HRC family for a peaceful and joyous holiday season and a prosperous and bright 2016. Lisa wikileaks.org/podesta-emails/emailid/30593Wasn't I castigated for posting a list HRC had with TC on it when I was merely asking if we thought he had political aspirations? I was escorted to the political thread. Need to make up your mind on what has political slant and what doesn't.
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Post by artman1033 on Oct 26, 2016 5:05:06 GMT -8
FROM the WIKILEAKS: Hi John, I wanted to reach out to say thanks for the principled and nuanced stance the Secretary took last night on encryption and the tech sector. Leadership at Apple certainly noticed and I am sure that is true though out the Valley. Please know that Apple will continue its work with law enforcement. We share law enforcement's concerns about the threat to citizens and we work closely with authorities to comply with legal requests for data that have helped solve complex crimes. Thousands of times every month, we give governments information about Apple customers and devices, in response to warrants and other forms of legal process. We have a team that responds to those requests 24 hours a day. Strong encryption does not eliminate Apple’s ability to give law enforcement meta-data or any of a number of other very useful categories of data. Tonight, Tim and Apple will be featured on "60 Minutes." We expect encryption and taxes to be covered. In previews, Tim reacts strongly to the EU tax investigation of Apple and other American companies. We will amplify encryption messaging tomorrow when we publicly release our comments on the draft UK Investigatory Powers bill. Best wishes to you and your family and the HRC family for a peaceful and joyous holiday season and a prosperous and bright 2016. Lisa wikileaks.org/podesta-emails/emailid/30593Wasn't I castigated for posting a list HRC had with TC on it when I was merely asking if we thought he had political aspirations? I was escorted to the political thread. Need to make up your mind on what has political slant and what doesn't. There is nothing political in my post. THE line in the email that should give EVERY APPLE CLOUD USER pause: Strong encryption does not eliminate Apple’s ability to give law enforcement meta-data or any of a number of other very useful categories of data.
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Post by phoebear611 on Oct 26, 2016 5:11:24 GMT -8
I was actually highlighting that if one pauses to read - there is no political slant- nor was there with mine. I was simply wondering if he (TC) would even entertain leaving or had he expressed leaving for political aspirations...nothing more, nothing less. A move at the top would affect stock price - my (selfishly) only concern. Made my point ... will move on.
FYI Cramer has been having an incredible rant on CNBC against the analysts and in favor of management. He is spot on!
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Post by tuffett on Oct 26, 2016 6:08:28 GMT -8
No reason to hold this stock right now, except for maybe the 0.5% dividend upcoming. It's had a good run significantly outperforming the market the last few months. Wall Street doesn't like earnings or guidance, probably another sell the news event tomorrow, and nothing else expected until January earnings. Perhaps there will be a run prior to earnings but there are probably better places to put your money for the rest of the year.
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Post by mrentropy on Oct 26, 2016 7:05:41 GMT -8
No reason to hold this stock right now, except for maybe the 0.5% dividend upcoming. It's had a good run significantly outperforming the market the last few months. Wall Street doesn't like earnings or guidance, probably another sell the news event tomorrow, and nothing else expected until January earnings. Perhaps there will be a run prior to earnings but there are probably better places to put your money for the rest of the year. For the first time since the dividend was announced, I am turning off the re-invest. I'm not putting any more new money into AAPL. I love the company, but I need to diversify out into other holdings where the irrationality works to the upside, not down.
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Post by osx10 on Oct 26, 2016 7:14:52 GMT -8
Wouldn't be surprised if we close green. Mac event tomorrow
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Post by rob_london on Oct 26, 2016 9:57:41 GMT -8
I was actually highlighting that if one pauses to read - there is no political slant- nor was there with mine. I was simply wondering if he (TC) would even entertain leaving or had he expressed leaving for political aspirations...nothing more, nothing less. A move at the top would affect stock price - my (selfishly) only concern. Made my point ... will move on. FYI Cramer has been having an incredible rant on CNBC against the analysts and in favor of management. He is spot on! I just watched the rant by Jim Cramer. Excellent! finance.yahoo.com/news/heres-why-cramer-says-hes-145155106.html
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Post by phoebear611 on Oct 26, 2016 10:21:08 GMT -8
The rant was terrific - couldn't have said it better and it's what we all complain about as well. Later in the morning there was a money manager who came on and said that Cramer didn't even take it far enough. He should have told Cook to do go "ala Buffett" and eliminate conference calls and do one huge meeting like Buffett does each year. Buy side folks were evidently not happy with how the analysts behaved on the call. Very interesting.
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Post by BillH on Oct 26, 2016 10:42:20 GMT -8
The rant was terrific - couldn't have said it better and it's what we all complain about as well. Later in the morning there was a money manager who came on and said that Cramer didn't even take it far enough. He should have told Cook to do go "ala Buffett" and eliminate conference calls and do one huge meeting like Buffett does each year. Buy side folks were evidently not happy with how the analysts behaved on the call. Very interesting. True but on the flip side all the analyst's were asking the very same questions that get posted around here day to day. We don't have to pick. We get to have it both ways. My view is we're just not going to get any visibility until Tim's "long arc of time" passes. Either one can live with that and hold shares, (as I have chosen with some discomfort) or sell, take the tax hit and move on. Ahhh...,but where to go?
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Post by mace on Oct 26, 2016 10:43:40 GMT -8
No reason to hold this stock right now, except for maybe the 0.5% dividend upcoming. It's had a good run significantly outperforming the market the last few months. Wall Street doesn't like earnings or guidance, probably another sell the news event tomorrow, and nothing else expected until January earnings. Perhaps there will be a run prior to earnings but there are probably better places to put your money for the rest of the year. For the first time since the dividend was announced, I am turning off the re-invest. I'm not putting any more new money into AAPL. I love the company, but I need to diversify out into other holdings where the irrationality works to the upside, not down. The general investors' sentiment is BTFD not sell out of AAPLs unless you're timing to get back in around $105, possibly due to event in Nov. Otherwise, Apple shows that they navigate well in a volatile currency market, Apple brand fatigue in China and many wild cats (WATCH, AirPods, Titan, TV/ Streaming, AR)... Apple is growing again.
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Post by osx10 on Oct 26, 2016 11:58:35 GMT -8
so much for closing green, but it could have been worse.
Apple just announced that Air Pods are going to be delayed... glad that they didn't throw it out yesterday or we would have been down more on general principle.
Losing faith in the logistics expert Cook.
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Post by rob_london on Oct 26, 2016 12:02:14 GMT -8
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Post by tuffett on Oct 26, 2016 12:12:24 GMT -8
Airpods delayed...absolutely ridiculous if you ask me. This company needs to get their shit together and launch products when they make sense. Just seems like there is zero urgency.
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Post by phoebear611 on Oct 26, 2016 12:12:30 GMT -8
so much for closing green, but it could have been worse. Apple just announced that Air Pods are going to be delayed... glad that they didn't throw it out yesterday or we would have been down more on general principle. Losing faith in the logistics expert Cook. I heard the Air Pod news but wasn't surprised. You would only need them if you bought the 7 / 7s ... so if you are so overwhelmed and backed-up on trying to meet demand for the phones I would have intuitively thought the same would be the case with the ear pods. Even if you made more (for folks who wanted multiple pairs) you would still be behind the way they are characterizing the demand. By the way - why wasn't this disclosed yesterday? Bad form, no?
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Post by tuffett on Oct 26, 2016 12:22:14 GMT -8
so much for closing green, but it could have been worse. Apple just announced that Air Pods are going to be delayed... glad that they didn't throw it out yesterday or we would have been down more on general principle. Losing faith in the logistics expert Cook. I heard the Air Pod news but wasn't surprised. You would only need them if you bought the 7 / 7s ... so if you are so overwhelmed and backed-up on trying to meet demand for the phones I would have intuitively thought the same would be the case with the ear pods. Even if you made more (for folks who wanted multiple pairs) you would still be behind the way they are characterizing the demand. By the way - why wasn't this disclosed yesterday? Bad form, no? I'd think the demand for Airpods is far less than iPhone 7 - well under 10%. It's not something most users are going to buy (yet), but I do know a lot of people eagerly waiting for a pair. It's bad enough that they weren't available to be sold as a bundle with the iPhone 7 launch (easy selling opportunity) but to tell people right at the end of the month that they're going to be delayed is amateur stuff.
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Post by BillH on Oct 26, 2016 12:30:37 GMT -8
Airpods delayed...absolutely ridiculous if you ask me. This company needs to get their shit together and launch products when they make sense. Just seems like there is zero urgency. Wouldn't have this any other way. Props to Apple. Samsung should COPY this! “The early response to AirPods has been incredible,” Apple said in a statement. “We don't believe in shipping a product before it's ready, and we need a little more time before AirPods are ready for our customers."
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Post by rickag on Oct 26, 2016 14:14:22 GMT -8
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Post by nagrani on Oct 26, 2016 14:14:36 GMT -8
Airpods delayed...absolutely ridiculous if you ask me. This company needs to get their shit together and launch products when they make sense. Just seems like there is zero urgency. By delaying until they make sense to ship is exactly what they are doing
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Post by tuffett on Oct 26, 2016 15:00:33 GMT -8
I don't disagree with the philosophy of making sure things are ready before shipping. I'm certainly not advocating releasing a subpar product. But in the real world there are deadlines to meet and consequences for not meeting them. Having a key accessory to your brand new flagship product unavailable for two months is just bad business.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Oct 26, 2016 15:02:04 GMT -8
I keep hearing how the market is forward-looking and values guidance more than the previous quarter's 10-Q's. Apple is now growing again, unless you go back months 4-12 and include them. So which is it? Anyway, some of us have huge tax reasons why we can't just sell this stock whenever we feel cranky. That's a big f-ing reason to hold this stock right now.
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Post by Luckychoices on Oct 26, 2016 15:33:35 GMT -8
The rant was terrific - couldn't have said it better and it's what we all complain about as well. Later in the morning there was a money manager who came on and said that Cramer didn't even take it far enough. He should have told Cook to do go "ala Buffett" and eliminate conference calls and do one huge meeting like Buffett does each year. Buy side folks were evidently not happy with how the analysts behaved on the call. Very interesting. I've not been a Jim Cramer fan but very much enjoyed the video phoebear posted this morning. Cramer followed up his video this afternoon with a this terrific, well-written article that touched all the appropriate bases as far as I'm concerned. Cramer: Apple's Conference Call Sounds Like a Conspiracy Against ItBy JIM CRAMER Follow | OCT 26, 2016 | 6:36 AM EDT Stock quotes in this article: AAPL, WHR, SWK, CRM, MSFT, ORCL, IBM, NFLX, HAR, P, SIRI Was it a cabal, an orchestrated after-hours production to simply try to make the world's largest and most lucrative company sound like some sort of worn-out, useless has-been? Could it have been a deliberate attempt to paint an unimaginably good quarter as just another ho-hum, lackadaisical set of numbers that seemed like your average miss and guide down? Or was it some sort of weird passive-aggressive game played to denigrate an amazing company with a series of questions that would be better suited for a group of hacks who made good-tasting dog food but nothing fit for human consumption?
I am talking about the bizarre, Kafkaesque Apple (AAPL) analyst conference call last night that left you thinking that this company, which was supposed to disappoint so badly, actually did worse than anyone thought when, if you were to go back three months ago it would have been unimaginable to think that it could have performed this well. The totality of these questions after Apple's opening statement would imply lots of price cutting for future phones because of weaker demand and excess inventory, when the reality is that demand is so strong that this "dud" of a phone is substantially outstripping supply.
Call me stunned. Just stunned at the lack of respect an actual majority of analysts had for Tim Cook in light of a quarter that was substantially better than could have been hoped because of strong demand for a product that many of these same individuals didn't think would sell well at all.
Now, most of the time I read call transcripts because there simply aren't enough hours in the day to listen to them unless they report at an odd cycle -- which, by the way, I wish more companies did because yesterday and today are insanely overloaded.
But this one I read and then read again and then listened to it, because it seemed so bizarrely prosecutorial. I am glad I did, because so many of these analysts sounded like they were dripping with contempt for Apple and, yes, Cook personally after he delivered a quarter that any other company in the world would kill for.
I would love to sentence the more nihilistic of these folks -- and that's a real contest, believe me, -- to covering their own firms' quarters, because not one of their employers' will ever deliver a quarter this unbelievably good. They couldn't deliver a day as good.
But that will never happen, although I am sure their own CEOs and CFOs, if they listened to the call, would ask: "Hey, did you all conspire together to try to make this one sound worse than it looked? Because you sure did a good job of it."
Let me try to frame the narrative though as best as I can for this surreal after-hours experience.
First, we got a standard Apple opening, a positive disposition on trends from Tim Cook as well as a straightforward numbers rap from the straightforward CFO Luca Maestri.
Yes, Cook does talk about the love people have for the product and I guess you could argue that he should cut it out and not mention brand loyalty or the fact that people genuinely can't live without the products. Then again, those are the chief reasons why his company can command a price point that's probably among the most expensive items most people worldwide will ever buy.
Again, if these analysts covered other companies that make consumer products, maybe they would hear that "nobody ain't buying nuthin' anywhere". Daydreaming, I imagined a Whirlpool (WHR) or Stanley Black & Decker (SWK) call where all of these analysts had to ask management what happened to all of their customers. That will never happen, either. Perhaps Cook shouldn't say anything complimentary at all about a company that, through hard work, engineering and know-how has developed the greatest product ever made or loved. But maybe he's got some pride, which is a scintilla more than his interlocutors can imagine. Maybe he should just mumble something positive about his products or just say something like "try it, you'll like it," like the 44-year old Alka Seltzer ad that's still got a good YouTube following.
The Q&A started out pretty much as you would expect, with Apple backer Gene Munster congratulating Cook. But then the darned call seems to go off the rails because Munster, after asking a pedestrian question about phone sales says he wants to know what Action Alerts PLUS portfolio holding Apple could add to the car space, given all the rumors out there about it.
Hello?
Tim Cook does not speak on rumors. Munster knows that. I know that. We all know that. So what's the point of asking about car rumors, other than to irritate? I said to myself, hmm, things can only get better from here.
Then Katy Huberty, who has an overweight on the stock for Morgan Stanley, asks CFO Luca for help in figuring the company's guidance "given all the major projects are running below target."
Huh? What did I miss? The company guided conservatively, but the fact is that it can't make enough phones to meet the demand because it 1) never expected it to sell as well as it did and 2) didn't expect its principal competitors' phone to be something out of the Stephen King novel, Firestarter.
Then Huberty asks, in what sounds like a positively flippant "gotcha" voice, a kind of analyst Mike Wallace from the 60 Minutes of old: "What should we read into the fact that R&D has more than doubled over the past three years while sales growth was sort of a fifth of that? Are R&D investments just less efficient than they were in the country's history or should we think about that as incremental spend for products that haven't yet come to market?"
Translation: what are you chowderheads doing with all that R&D, 'cause you can't seem to come up with something new that anybody wants?
Cook then gives a logical, although somewhat downbeat answer about how a lot of the money has gone to making a services business that had $6.3 billion in revenue with an accelerating 24% growth rate that will soon be, in one year, as large as a Fortune 100 company -- not that any analyst cared about that remarkable business. Ho-hum business with $28 billion in sales and about 50% gross margins. I know, service business, unimportant, hardware company, who cares. Nevertheless, I wonder if her employer Morgan Stanley has anything up its sleeves like that?
It gets worse. After an honest-to-goodness decent logical and necessary question on weaker Chinese demand and the hopes for an improvement, with a pretty eloquent explanation from Cook that made me feel better about what was arguably the only real Achilles heel on the darned quarter, the man who stands behind the weakest buy recommendation is history, Tony Sacconaghi from Sanford Bernstein, pitches a couple of 100-mile fastballs right at a helmetless Cook.
Toni starts the beaning by saying that given that his largest competitor is in disarray and Apple has terrific new products and the company has an extra week, can't Apple do better than "flattish" growth? He then asks: " What does this really say about how investors should think about iPhone on a sustained basis going forward and is it reasonable to think that this is an ongoing growing business for the company?"
Whoa! Apple just posted $46.9 billion in sales and quarterly net income of $9 billion, which his substantially better than was expected 90 days ago when we thought it would be a terrible quarter. It generated $16.1 billion in operating cash flow, a new record for the September quarter. Maybe it should go find another business so it can make real money, instead of that disappointing bag of loot?
You would have thought that Apple had flatlined, as in "do not resuscitate" this company now that Steve Jobs just died, even as he passed away in October 2011 and the success of these phones is legion, especially the ones that these same analysts whispered a few months ago would have no takers.
Once again, the now all-too-patient CFO had to explain that the company is supply-constrained, maybe perhaps because they actually believed these analysts who thought there would be no market for the darned thing at all and didn't order enough of them? Sad.
But that's not the end of the contempt. That came from Steve Milunovich, from UBS, who, may I remind you has a Buy recommendation on the stock -- not a sell recommendation but a rootin'- tootin' buy slapped on it: "Tim, some investors are antsy that Apple has not acquired new profit pools or introduced a financially material new product in recent years."
So he asks on behalf of those "antsy" folk: "The question is a) does Apple today have a grand strategy for what you want to do?" And then: "do you have any sense that we're kind of in a gap period where the technology and arguably what we call the next job to be done haven't yet aligned, so maybe in a couple of years we will see this flurry of new products and it it'll match what people want to do but it's not quite here yet?"
At this point I believe an exasperated Cook has just had it with what at this point does seem to be a genuine Wall Street ambush and answers in a flat and disgusted way: "We have the strongest pipeline that we have ever had and we're really confident about the things in it. But as usual we are not going to talk about what's ahead. "
Steve "buy Apple" Milunovich deserves no more than that and got it.
Now, I am not asking for these analysts -- again, all of whom have Buys on the stock -- to point out, like Salesforce.com's (CRM) Chief Digital Evangelist Vala Afshar tweeted last night, that Apple has enough money to buy all the NFL, NBA, Major League Baseball and NHL hockey teams and still have $85 billion left.
I am not begging them to admit that many of their ilk were telling their clients, when Apple was at $93 that its best days were over, yet the stock failed to comply. I don't want them to say "OK, I screwed up, I never thought you could do this number." I don't think it's ever reasonable they would say "congratulations and sorry I misjudged the power of what you have created here on this, the seventh iteration of a phone I wrote off a year ago."
But this level of contempt and disrespect on this call after the incredibly positive comments you may have heard on a call about Microsoft (MSFT) or Oracle (ORCL) or even IBM (IBM) is just plain ridiculous. Did you know that Microsoft has had the same amount of revenue for the last four years? All you heard on that call was nothing but backslapping and raucous congratulations. That was like watching a home team and a sports bar deliver a beat down of the enemy.
Oracle's had about six years of flat revenues and you hear more than your fair share of congratulations before each totally reverential question. IBM has seen its revenues fall from $104 billion to $80 billion in the last five years, and yet the tenor of the call is far more respectful than Cook got here, even as the CEO doesn't even run the call.
What's really going on here with this beast? I think that there's a toxic interrelation between this group and Cook, and believe me, it ain't Cook's fault. He's delivered some remarkable numbers, of which this one might be one of the most remarkable, given how the vast majority of analysts thought he had a total iPhone 7 bust on his hands. It didn't matter, though. Because of this distinctly suboptimal interplay between the interlocutors and their prey, it seemed, collectively, that he might have been selling Microsoft flip phones from what you could tell from the derisive, snide questioning.
I know I should just let this one go. Who cares? You know my view. You should own it, not trade it. You don't need these people, many of whom would have had you jump ship 20 points ago, when Carl Icahn told you it was all over because of Chinese weakness. Some would have had you short the darned thing for the last 20 points, even as they duplicitously kept Buy recommendations.
Oh, to be sure, Apple's not perfect. I besieged the company to buy Netflix (NFLX) when that entertainment streaming company's shares were more than two thirds below its current price. I urged it to buy Harman (HAR) to own the connected car when it was in the dumps. I wanted it to buy Spotify and Pandora (P) , combine them and then crush the service stream numbers, and recently suggested that it buys Sirius XM (SIRI) to take over the full spectrum of what people like to listen to when they aren't listening to their iPhones in the automobile. That would pump up service to a level that couldn't be ignored as it happened in last night's drive-by Apple shooting.
Management haven't listened.
But you know what? I demur. What I am supposed to do, tell the creators of the greatest amount of private wealth in history that they don't know what they are doing or hold them into the same pedestrian prosaic and yes, loser light, of some of these sunshine patriots and summer soldiers of the faux Buy army?
No, thanks. So I will offer what they deserved last night more than anything else: "Congratulations, gentlemen, on a good quarter."
And leave it at that.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Oct 26, 2016 18:05:23 GMT -8
Airpods delayed...absolutely ridiculous if you ask me. This company needs to get their shit together and launch products when they make sense. Just seems like there is zero urgency. Like Samsung does, you mean? How'd that fast-follower, rush-to-market model work out for them?
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Post by sponge on Oct 26, 2016 18:17:05 GMT -8
The fact that the iPhone 7 pretty much look the same as the iPhone 6s and yet they're still A major delay manufacturing the 7+, Plus now we hear that the AirPods are going to be delayed, makes me suspect that you're having some component issues with a very limited number of suppliers . Growing pains.
I also think the reason the stock went down instead of going up despite every turn to growth is that Wall Street doesn't suspect this return will continue into second and third quarter .
my estimate in iPhone sales for 4th and 1st quarter were very conservative and yet Apple is guiding less than I was expecting. I do think there's a real chance we may still have flat or negative growth second and third quarter.
Apple has a very small limited window to really move lots of new iPhones. Given the high cost most consumers are not going to upgrade to the latest phone knowing that in the few short months a new one is coming coming out. Apple try to manufacture more than they needed to last year and there were caught offguard when consumers did not upgrade to the 6S
The bottom line is that iPhones are amazing products and now at a point where one can use it for over three years without feeling like you're missing much.
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Post by sponge on Oct 26, 2016 18:19:04 GMT -8
Siri dictation is not very good as you can tell from my earlier post
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