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Post by rob_london on Sept 23, 2013 23:41:22 GMT -8
Five upgrades so far this morning:
Canaccord Genuity raises price target to $560 from $550; rating buy. Deutsche Bank raises price target to $575 from $480; rating buy. Barclays raises target price to $540 from $525; rating overweight. Goldman Sachs raises price target to $560 from $530; rating buy. Susquehanna raises price target to $625 from $440; rating positive.
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Mav
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Post by Mav on Sept 23, 2013 23:51:46 GMT -8
Wonder what'll happen if there's no iPad mini (retina) update. Back down the price targets go? I guess that makes 3 upgrades, 1 downgrade against the backdrops of "channel fill" and "pulling forward demand". ;D Meanwhile, the guy who actually knows how to run Apple? He's just
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Post by tradervic on Sept 23, 2013 23:57:53 GMT -8
I believe the Oct 15 date.
And one thing we are forgetting is Mavericks.
And along with that comes iCloud passwords. Between that and fingerprint, Windows dominance will begin to slip away at an increasing rate.
I wouldn't be surprised by a CM announcement today, at the show on the 15th or at the latest, before earnings. They've got to let the cat out of the bag before giving guidance.
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Mav
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Post by Mav on Sept 24, 2013 0:19:43 GMT -8
Maybe.
The way iPhone 5S is going, it may not reach supply/demand balance in fiscal Q1 even without China Mobile.
As far as iPads, using the "last year heuristic" (which is sensible but not necessarily instructive), we might get an event in late October, official invite a week before that, and all-but-confirmations based on rumors a few days before that.
Common sense would allow Apple to let people enjoy their iPhones and iOS 7 for a bit before making mention of iPads, so IF there's an October event, we might not get any substantial word on that for 2-3 weeks yet. There's also consideration of the supply chain, which is pretty busy just trying to crank out enough iPhone 5S units right now.
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Deleted
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Post by Deleted on Sept 24, 2013 2:44:47 GMT -8
Four upgrades so far this morning: Canaccord Genuity raises price target to $560 from $550; rating buy. Deutsche Bank raises price target to $575 from $480; rating buy. Barclays raises target price to $540 from $525; rating overweight. Goldman Sachs raises price target to $560 from $530; rating buy Nice. Keep them coming...
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Deleted
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Post by Deleted on Sept 24, 2013 3:07:06 GMT -8
So what are the odds congress screws up our potential Apple rally over the next week with their debt ceiling shenanigans?
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Post by phoebear611 on Sept 24, 2013 3:11:59 GMT -8
So what are the odds congress screws up our potential Apple rally over the next week with their debt ceiling shenanigans? Quite great. We are putting responsibility in the hands of egotistical idiots. And I say that about all politicians. And I'm being kind.
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Post by nagrani on Sept 24, 2013 3:56:01 GMT -8
Bring on the channel fill FUD. Apple could invent the cure for old age and they would be blamed for ruining social security and bankrupting the US
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Post by phoebear611 on Sept 24, 2013 4:04:23 GMT -8
More upgrades:
Susquehanna's Chris Caso, upping Apple (AAPL) to Buy with $625 price target (from $440 previous).
Apple price target raised to $525 from $450 at RW Baird
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Post by rob_london on Sept 24, 2013 4:08:36 GMT -8
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Post by prazan on Sept 24, 2013 4:39:54 GMT -8
More detail on the Susquehanna upgrade:
When the facts change ... Susquehanna upgrades Apple • 7:53 AM
"When the facts change, we change our minds," says Susquehanna's Chris Caso, upping Apple (AAPL) to Buy with $625 price target (from $440 previous). He speaks of the 9M in weekend sales for the new iPhones - "more successful than we and many others had expected." Importantly, he notes, Apple didn't need to sacrifice margins, current shortages mean a healthy backlog entering CQ4, and a China Mobile launch may be about to come. The risk here is demand slows after the initial launch, but it's a risk he's willing to take, and Caso's a buyer on weakness ahead of next year's iPhone 6 cycle. Shares +0.5% premarket.
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Post by artman1033 on Sept 24, 2013 4:40:36 GMT -8
IMHO: upon reflection, this is the most important tidbit from the last 5 days: Apple expects total company revenue for the fourth fiscal quarter to be near the high end of the previously provided range of $34 billion to $37 billion, and expects gross margin to be near the high end of the previously provided range of 36% to 37%. From the sec filing: www.sec.gov/Archives/edgar/data/320193/000118143113050140/rrd391079.htmIMHO: If WS views the value of AAPL to be $490 after this announcement, that may be the price until the guidance and share buyback numbers are announced on the earnings call a month from now. (unless there is a China Mobile or new product announcement before that). With 4 days left in the quarter, APPLE just told you in a SEC filing their Sales and Margin for the quarter.
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Deleted
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Post by Deleted on Sept 24, 2013 4:43:39 GMT -8
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Post by artman1033 on Sept 24, 2013 4:50:59 GMT -8
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Deleted
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Post by Deleted on Sept 24, 2013 4:51:20 GMT -8
IMHO: upon reflection, this is the most important tidbit from the last 5 days: Apple expects total company revenue for the fourth fiscal quarter to be near the high end of the previously provided range of $34 billion to $37 billion, and expects gross margin to be near the high end of the previously provided range of 36% to 37%. From the sec filing: www.sec.gov/Archives/edgar/data/320193/000118143113050140/rrd391079.htmIMHO: If WS views the value of AAPL to be $490 after this announcement, that may be the price until the guidance and share buyback numbers are announced on the earnings call a month from now. (unless there is a China Mobile or new product announcement before that). With 4 days left in the quarter, APPLE just told you in a SEC filing their Sales and Margin for the quarter. Apple is likely to go OVER the top range of both sales and gross margin. They've gone over before even WITHOUT a SEC filing under Apple's "new and improved" guidance system. FQ1 2014 guidance should be strong.
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Post by artman1033 on Sept 24, 2013 5:00:33 GMT -8
Quick intraday poll:
What is your WAG for the price of AAPL on October 24th"
I say $490.
What say you?
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Post by Deleted on Sept 24, 2013 5:08:43 GMT -8
Today's comic section, courtesy of MacDailyNews. Captain Balmer may be retiring, but he should be wearing a life jacket.
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Post by calvinav on Sept 24, 2013 5:19:11 GMT -8
Quick intraday poll: What is your WAG for the price of AAPL on October 24th" I say $490. What say you? $525
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Post by gvsmitty19 on Sept 24, 2013 5:28:54 GMT -8
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Post by artman1033 on Sept 24, 2013 5:34:53 GMT -8
Let us review: 1) There are +95 different SKUs. 2) There are xx,000 distribution points in 11 countries. hmmm.
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Post by macwire on Sept 24, 2013 5:36:05 GMT -8
Quick intraday poll: What is your WAG for the price of AAPL on October 24th" I say $490. What say you? $525 705 (525ish. Breaks through 515 finally)
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Post by redinaustin on Sept 24, 2013 5:37:01 GMT -8
Let us review: 1) There are +95 different SKUs. 2) There are xx,000 distribution points in 11 countries. hmmm. I brought this up early in the weekend thread... no one bit!
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Deleted
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Post by Deleted on Sept 24, 2013 5:48:58 GMT -8
AAPL is going higher, sez this guy (and he knows Apple like he knows mustaches)
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Post by macwire on Sept 24, 2013 6:11:35 GMT -8
Market seems heavy again after post fed reversal....wind your risk down ?
Edit: I put the bottom in maybe? Lol
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bud777
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Post by bud777 on Sept 24, 2013 7:01:12 GMT -8
While stuck in a motel this morning, I succumbed and turned on the TV to CNBC. I know, but it was that or the shopping network. It was on only for a few minutes. I could feel my IQ dropping as I sat there. I cannot imagine how destructive it would have been if I had had the sound on
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Post by Deleted on Sept 24, 2013 7:25:31 GMT -8
FQ1 2014 guidance should be strong. Guidance Estimates. Revenue: $60 Billion to $65 Billion GM: 39% to 41% Look for a post earnings AAPL POP of about 8% based on Guidance alone.
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Post by Deleted on Sept 24, 2013 7:27:40 GMT -8
Quick intraday poll: What is your WAG for the price of AAPL on October 24th" I say $490. What say you? 8% above October 23rd Close.
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Deleted
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Post by Deleted on Sept 24, 2013 7:31:21 GMT -8
AAPL is going higher, sez this guy (and he knows Apple like he knows mustaches) Isn't that "Red" before he shaved and got a new suit?
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Post by doublerainbow on Sept 24, 2013 8:06:49 GMT -8
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Mav
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Post by Mav on Sept 24, 2013 8:29:09 GMT -8
Apple will not be able to "hide" optimistic channel fill too well given blah demand. We'll continue tracking.
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