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Post by flyonthewall on Jan 14, 2013 0:09:00 GMT -8
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Post by Deleted on Jan 14, 2013 1:14:00 GMT -8
AAPL down $10 in early premarket. To be expected considering the source of FUD is the normally respected WSJ.
Samsung piling on the bandwagon, announcing 100 million Galaxy S sales (including 41 million S3 sales.)
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Post by rosie on Jan 14, 2013 1:15:19 GMT -8
And we're at $511 at this early hour.
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Post by chiongleng on Jan 14, 2013 1:27:17 GMT -8
lower jan to march order might signal that aapl is going preparing to launch new form factor for their iPhone, which might be a bigger screen size. Therfore if view the news from another angle, its a good news.
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Post by wheeles on Jan 14, 2013 1:31:50 GMT -8
lower jan to march order might signal that aapl is going preparing to launch new form factor for their iPhone, which might be a bigger screen size. Therfore if view the news from another angle, its a good news. Or Apple might be switching to IGZO screens for the iPhone 5s.
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Post by chiongleng on Jan 14, 2013 1:31:52 GMT -8
if this news release 6 months ago, it will be view as bullish news. the only different between now and then is sentiment which is created due to perception that aapl going to lost market share. Now aapl is getting ready to fight back, but its read as bad news. That show how strong the media are in creating market sentiment.
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Jan 14, 2013 1:45:53 GMT -8
Look at all these puts the MR's (Market Rapers) would have to pay off if AAPL finishes below 510 on Friday: That's about 21.5K they would eat. I might be in the market for some spring calls...
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Post by highway2heel on Jan 14, 2013 2:31:16 GMT -8
Quadruple bottom
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Post by rob_london on Jan 14, 2013 3:06:38 GMT -8
I wonder whether we hear from Huberty, White, Munster etc. this morning, reporting on their own recent supply chain checks which contradict the WSJ report.
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Post by lovemyipad on Jan 14, 2013 3:09:25 GMT -8
Buckle up. Lost 500 in premarket.
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Post by nagrani on Jan 14, 2013 3:16:30 GMT -8
Mav- thoughts? I posted that article yesterday and u quickly dismissed it as FUD. Are u watching PM?
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Post by lovemyipad on Jan 14, 2013 3:24:08 GMT -8
Mav- thoughts? I posted that article yesterday and u quickly dismissed it as FUD. Are u watching PM? N, see EW thread...
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Post by wheeles on Jan 14, 2013 3:26:24 GMT -8
If anyone is looking to get long for earnings, now is as good a time as any.
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Mav
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Post by Mav on Jan 14, 2013 3:27:31 GMT -8
Nagrani, I fail to see your point.
Idiocy in journalism is one thing. FUD's well-established effects on AAPL is an entirely different matter.
Yeah, it could be true that Apple is cutting orders by 50% something something displays maybe. If that's largely true, why aren't we all in puts?
If you're calling me out for somehow guaranteeing this WSJ news wouldn't tank AAPL, well I made no such guarantee. If anyone asks if FUD hurts AAPL - there's your answer in PM.
"Enjoy" the ride!
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Post by wheeles on Jan 14, 2013 3:30:55 GMT -8
22 buck gap down. Anyone expect that to last until the end of the day?
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Mav
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Post by Mav on Jan 14, 2013 3:31:51 GMT -8
Not kidding about this. Unless these rumors are true and we're getting awfully poor iPhone sales (say <150-160M in FY '13), we will see some serious shareholder anger manifesting itself if Apple can't find some way to better fight the FUD.
If there's a bright side, I doubt Tim and the Board are letting this go. The CEO who brought shareholders dividends won't ignore the impact of stagnant/volatile stock prices on his employees and fellow senior execs.
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Mav
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Post by Mav on Jan 14, 2013 3:34:49 GMT -8
22 buck gap down. Anyone expect that to last until the end of the day? Oh sure I have an opinion, but I won't trade it. Let's just follow the action. Could be a reversal-type setup; could be an "effort" to breach 500, which might be extremely unpredictable. I wouldn't necessarily trade the first few minutes without some unbelievably obvious signs, that's for sure. And here I thought the near-$1 ticks I saw in AAPL last month or so would be uncommon occurrences.
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Post by phoebear611 on Jan 14, 2013 3:39:40 GMT -8
Nothing good to report this morning. Twitter is ablaze with every hater on AAPL making comments. CNBC had the story TWICE in its first 7 minutes and now is having Henry Blodget on at 8 a.m. This continues to be relentless.
Ever since AAPL won the patent suit all we have done is go down. I am sure that many will think I am crazy but I believe that Samsung is involved. I think they are helping create rumors and bad stories and - supply side bull shit (they're suppliers aren't they? why do they need to be silent..they're losing their client anyway). It will never be proven but they have shown to have zero integrity. In the end it doesn't matter, we still end up with an AAPL that has been raped, battered, bruised and victimized -- and a company who won't say much of anything to defend itself. That's my opinion. You don't have to agree.
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Post by wheeles on Jan 14, 2013 3:39:54 GMT -8
22 buck gap down. Anyone expect that to last until the end of the day? Oh sure I have an opinion, but I won't trade it. Do what seems right to you. I've been waiting all week for these prices.
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Post by artman1033 on Jan 14, 2013 3:47:01 GMT -8
from the WSJ 7 hours ago:By JURO OSAWA
Apple Inc. AAPL -0.62% has cut its orders for components for the iPhone 5 due to weaker-than-expected demand, people familiar with the situation said Monday.
Apple's orders for iPhone 5 screens for the January-March quarter, for example, have dropped to roughly half of what the company had previously planned to order, two of the people said.
Enlarge Image
Bloomberg News Customers stood outside a KDDI Corp. outlet prior to the launch of the Apple Inc. iPhone 5 in Tokyo in September. The Cupertino, Calif., company has also cut orders for components other than screens, according to one of the people.
Apple notified the suppliers of the order cut last month, the people said.
The move indicates that sales of the new iPhone haven't been as strong as previously anticipated and demand may be waning. It comes as the company has been facing greater challenges from Samsung Electronics Co. 005930.SE +1.24% and other makers of smartphones powered by Google Inc.'s GOOG -0.20% Android operating system.
While Apple has set the agenda for the smartphone market since it released its first iPhone in 2007, South Korea's Samsung, which sells many Android-based models at various price points, has already overtaken the U.S. company as the world's largest smartphone vendor by market share. Demand is also growing for inexpensive smartphones from Chinese makers such as Huawei Technologies Co.
In the 2012 third quarter, Apple held 14.6% of world-wide smartphone shipments, down from a peak of 23% in the fourth quarter of 2011 and the first quarter of 2012, according to IDC.
Apple cut orders for iPhone 5 components on lower-than-expected demand. The WSJ's Juro Osawa talks about whether sales of Apple's latest smartphone are slowing. Samsung's share, meanwhile, rose to 31.3% in the third quarter of 2012, compared with 8.8% in the third quarter of 2010.
The Korean company said earlier this month that it expects to report another record operating profit for the fourth quarter of 2012, capping its best year ever amid strong sales of its Galaxy line of smartphones. The company expects an operating profit equivalent to between $8.1 billion and $8.5 billion for the three months ended in December.
Apple is slated to report earnings later this month.
The iPhone 5, released in September, represents Apple's effort to maintain its strong position amid intensifying competition. The latest model comes with a longer, four-inch screen compared with the 3.5-inch screens used in all previous iPhone models.
Japan's Sharp Corp. 6753.TO +12.63% and Japan Display Co. and South Korea's LG Display Co. 034220.SE -2.20% are the three suppliers of the screens, according to people with knowledge of the matter. When the iPhone 5 was launched, there were concerns that suppliers might not be able to produce enough to keep up with demand.
Apple representatives weren't immediately available for comment.
Apple's cut in orders may also affect first-quarter sales of component makers, some of which are largely dependent on the U.S. company. The fact that some iPhone components are highly customized makes it difficult for suppliers to find alternative buyers in a short time frame. Sharp, one of the suppliers of the screens, has been struggling financially with a cash crunch and losses from its television operations.
Japan's Nikkei reported earlier Monday that Apple has slashed its orders for iPhone 5 components.
from WSJ 1 hour ago:By JURO OSAWA
Apple Inc. AAPL -0.62% has cut its component orders for the iPhone 5 due to weaker-than-expected demand, people familiar with the situation said Monday, indicating sales of the latest smartphone haven't been as strong as previously anticipated.
Enlarge Image
Bloomberg News Customers stood outside a KDDI Corp. outlet prior to the launch of the Apple Inc. iPhone 5 in Tokyo in September. Apple's orders for iPhone 5 screens for the January-March quarter, for example, have dropped to roughly half of what the company had previously planned to order, the people said.
The Cupertino, Calif., company has also cut orders for components other than screens, according to one of the people.
Apple notified the suppliers of the order cut last month, the people said.
The move comes as the company has been facing greater challenges from Samsung Electronics Co. 005930.SE +1.24% and other makers of smartphones powered by Google Inc.'s GOOG -0.20% Android operating system. While Apple has set the agenda for the smartphone market since it released its first iPhone in 2007, South Korea's Samsung, which sells many Android-based models at various price points, has already overtaken the U.S. company as the world's largest smartphone vendor by market share. Demand is also growing for inexpensive smartphones from Chinese makers such as Huawei Technologies Co.
While the popularity of iPhones and iPads has been boosting Apple's earnings and investors' expectations over the past few years, there have been concerns in recent quarters about how long the growth momentum can continue. Apple's stock price, which peaked at about $705.07 in September, closed Friday at $520.30, down 0.6%.
In the 2012 third quarter, Apple held 14.6% of world-wide smartphone shipments, down from a peak of 23% in the fourth quarter of 2011 and the first quarter of 2012, according to IDC.
Samsung's market share, meanwhile, rose to 31.3% in the third quarter of 2012, compared with 8.8% in the third quarter of 2010. The Korean company said earlier this month that it expects to report another record operating profit for the fourth quarter of 2012, capping its best year ever amid strong sales of its Galaxy line of smartphones. The company expects an operating profit of between $8.1 billion and $8.5 billion for the three months ended in December.
Apple is slated to report earnings later this month.
Some analysts have mentioned possible order cuts at suppliers and raised questions about demand for the iPhone 5.
Apple may have made particularly large iPhone 5 orders to suppliers for the October-December quarter, because of earlier concerns about manufacturing difficulties with some components such as screens, said Sanford Bernstein analyst Alberto Moel.
Citigroup C -1.14% last month lowered its rating for Apple to Neutral from Buy, citing concerns about iPhone order cuts. The brokerage noted that a sharp increase in iPhone 5 production during the October-December period may have left Apple with more inventory than expected. Still, it also said that "good not great" demand is likely a factor behind the order cuts.
"It is unlikely that Apple is cutting orders in a 'great' demand environment," Citigroup analysts said in the Dec. 16 report.
Apple representatives weren't immediately available for comment.
The iPhone 5, released in September, represents Apple's effort to maintain its strong position amid intensifying competition. The latest model comes with a longer, four-inch screen compared with the 3.5-inch screens used in all previous iPhone models.
Japan's Sharp Corp., 6753.TO +12.63% Japan Display Co. and South Korea's LG Display Co. 034220.SE -2.20% are the three suppliers of the screens, according to people with knowledge of the matter. When the iPhone 5 was launched, there were concerns that suppliers might not be able to produce enough to keep up with demand.
Apple's cut in orders may also affect first-quarter sales of component makers, some of which are largely dependent on the U.S. company. The fact that some iPhone components are highly customized makes it difficult for suppliers to find alternative buyers in a short time frame. Sharp, one of the suppliers of the screens, has been struggling financially with a cash crunch and losses from its television operations.
Japan's Nikkei reported earlier Monday that Apple has slashed its orders for iPhone 5 components.
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Post by wheeles on Jan 14, 2013 3:54:33 GMT -8
I've said it before, and I've said it again, GS and Citi put out analyst notes to serve their own interests. Either it's to get in, get out or to boost an existing position.
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Post by artman1033 on Jan 14, 2013 3:54:34 GMT -8
It appears the first WSJ article does not contain this gem:
Apple may have made particularly large iPhone 5 orders to suppliers for the October-December quarter, because of earlier concerns about manufacturing difficulties with some components such as screens, said Sanford Bernstein analyst Alberto Moel.
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Post by wheeles on Jan 14, 2013 3:59:11 GMT -8
Let's not forget that Apple are now looking towards the iPhone 5s and that could well feature a new screen. So, why order more screens that they are phasing out? Honestly, these supply chain reports do not give a clear picture of what is going on, and only serve to manipulate the stock.
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Post by appledoc on Jan 14, 2013 4:03:43 GMT -8
SOMETHING needs to be said at the CC next week. This is bullshit. Because now Q1 can only be of little help. It's going to be all about Q2 guidance, which damn well better be above 2Q12 actual.
My thinking is that there is one of three reasons for the supply cuts:
1. Panels for the 5S have begun production (most likely). 2. Q1 had blowout sales, and supply is being adjusted accordingly. 3. They're not true, or they're being greatly exaggerated.
Cuts of 50%? Come on. That's not even believable. If one supplier saw a cut of 50%, but they were only responsible for 5M panels, that's barely harmful. And who knows why that supplier got cut. Maybe Apple wasn't happy with their panels, so they shifted production elsewhere.
I hate investing in this company right now. Absolutely hate it. We will get our day in the sun again soon, but then I'm out for good. This isn't worth it to me. I'd rather throw my money in SPY, which won't ever have bullshit stories of supply cuts thrown out into the news.
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Post by appledoc on Jan 14, 2013 4:05:54 GMT -8
Also, look at first trades of the PM. 510, 514, 516, 516, 518, 520 all at 4:00. The 509 and down at 4:02. Clearly there were differing opinions on how it should trade today. Good for the 509 ask guy who trashed it.
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Post by artman1033 on Jan 14, 2013 4:10:27 GMT -8
I think Apple management will have a story about IOS unit sales or iPhone sales THIS morning.
IMHO: Apple management does NOT care about the short term share price of AAPL. Apple management CARES about the hype and positive perception of their products.
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Post by appledoc on Jan 14, 2013 4:13:32 GMT -8
I think Apple management will have a story about IOS unit sales or iPhone sales THIS morning. IMHO: Apple management does NOT care about the short term share price of AAPL. Apple management CARES about the hype and positive perception of their products. If these stories are not accurate, something needs to be said this morning. It will cause a rip roaring short squeeze and we can be on our merry way.
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Post by mtjs on Jan 14, 2013 4:15:55 GMT -8
... BUY BUY BUY! I can see my order @ $500.1 going through today! Never thought it would happen. Thank you, WSJ.
In times of PANIC, BUY the stock.
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Post by chasmac on Jan 14, 2013 4:20:32 GMT -8
Why would they be talking about doubling stores in China last week? Why would they be changing the new design so soon (you don't get lower GMs doing that). None of this makes sense at this point.
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Post by phoebear611 on Jan 14, 2013 4:21:51 GMT -8
As much as AAPL cares about making insanely great products it also has SOME responsibility to its shareholders. The stock is under relentless attack here and many of the stories are false or greatly exaggerated - instead of fighting each one - DO SOMETHING POSITIVE in response. Pre-announce and keep these mothers on their feet by doing so. They will be annihilated both in the options pits and in the shorts. The numbers are done - the script is written - it's a function of moving a conference call around. Who gives a crap! Most of us have stayed with this company through good and bad times because we believed in it...but even faith requires a miracle to appear now and then. Either say something or pre-announce or reach out to your favorite WS analyst and give them information to make public to help squash the negativity. We talk about AAPL always being quiet and taking the high road but we don't need to be stepped all over - c'mon alaready - it's ridiculous. I know Steve Jobs didn't care about WS but it strikes me that he would be FURIOUS at the assault on HIS company and also strikes me that he would unleash some wrath. Don't think he would just sit there. Again, my opinion, but I need to be cathartic today because this article is just so over the top and the insanity is just exactly that - INSANE!
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