Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Sept 23, 2020 2:16:10 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Sept 23, 2020 2:19:26 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Sept 23, 2020 2:34:49 GMT -8
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4aapl
Moderator
Posts: 3,629
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Post by 4aapl on Sept 23, 2020 6:43:23 GMT -8
I'd give Apple some likely credit here too. They have a vested interest in production. AZ's "Silicon Desert" has several of the old guard there, including Intel and Motorola (parts of MOT have now split to the likes of ON Semiconductor). And that's where the sapphire company for the watch faces was. The greater Phoenix area is a ~11 hour drive from Cupertino, or a 1 hour flight. That's a world of difference compared to flying engineers around the world.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Sept 23, 2020 8:10:07 GMT -8
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Post by archibaldtuttle on Sept 23, 2020 10:02:27 GMT -8
Sorry to tell you guys, but of course AAPL *could* fall another 18%. Will it? Who knows. But 18% down from here would be $90, which would put AAPL's PE ratio at around 27, which is still way above where it has been in recent memory. So much depends on what happens with the broader market, random emotional perception about Apple's future, etc. But it's not inconceivable that we would see a PE of 27 or even lower again.
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Post by duckpins on Sept 23, 2020 11:03:51 GMT -8
Lots of TA reasons to see Apple at 95 or so. If there question is does it hold? If not another 50% loss from the 130's like 2012 from 700+ brings it to the 60's. Back to the 60's I always say...good era.
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Post by zebrum on Sept 23, 2020 12:49:27 GMT -8
In a normal dip I could see $90s happening but with upcoming Apple Silicon Macs, the most iPhone models launched ever and India sales I just can't see it happening. There is too much momentum and next year will be full of record quarters so I expect back to see $130 and beyond pretty soon.
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Post by archibaldtuttle on Sept 23, 2020 14:06:21 GMT -8
In a normal dip I could see $90s happening but with upcoming Apple Silicon Macs, the most iPhone models launched ever and India sales I just can't see it happening. There is too much momentum and next year will be full of record quarters so I expect back to see $130 and beyond pretty soon. My concern is the overall market. It cratered in March, but came back like gangbusters April thru August, and AAPL rose with it. Right now, the market has lost most of its support levels and looks like it could crater again. There's no way AAPL can get back to all time highs if the market is going the other direction, no matter what Apple the company does.
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