Deleted
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Post by Deleted on Jan 21, 2014 1:11:37 GMT -8
Start your FUD engines!
MADRID (MarketWatch) -- Apple Inc. was downgraded to hold from buy on Tuesday by analysts at Societe Generale, who cited fears over slowing iPhone 5s sales and valuations. A team of analysts led by Andy Perkins said they're sticking to their $575 price target, but note shares haven risen more than 7% in the past three months and are now close to that target. But they've also got concerns about phone sales and Apple's cheaper phone model, the 5C. "Usually we would expect Apple to outperform the market in Q4 as the company has just issued new products," said the analysts. "However, our research suggests that volumes may come in below expectations." He said they're looking for 52 million units for the final quarter of 2013. Perkins also said they see the 5S model selling much better than the 5C handset at a ratio of four 5S units to every 5c sold. "With the lower-priced 5C model in the mix, our assumed average selling price for Q1 FY14 is 4% lower than the previous year." A risk to their target price, said Perkins, is that demand for the new iPhones fall faster than expected or competition intensifies, cutting into pricing and margins. Apple is due to report results on Jan. 27.
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Post by appledoc on Jan 21, 2014 1:41:51 GMT -8
Yawn. Must be nice to have a job where you can just make shit up with zero accountability, yet still get media coverage.
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Mav
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Post by Mav on Jan 21, 2014 1:57:59 GMT -8
52M iPhones.
4% ASP drop.
Does that even fall within Oppenheimer's guidance without crazy iPad sales? Won't even bother checking.
Tripe Generale, more like
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Post by phoebear611 on Jan 21, 2014 4:02:49 GMT -8
Sacre bleu! It's a French bank...riddled with rogue traders and scandals in its recent history...not getting any publicity or love lately. Gimme a break, seriously. We've said it a million times - these guys have zero accountability. It really is a travesty. Au Revoir! (When is it fashion week over in Paris...I guess not now or else he would have been distracted otherwise. C'est la vie!)
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Deleted
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Post by Deleted on Jan 21, 2014 4:10:58 GMT -8
Andy Perkins has one of the worst records covering Apple. In fact, his performance earned DEAD LAST honors among his WS peers for a July 2012 earnings call (Apple 2.0). He upgrades and downgrades AAPL according to personal biorhythms (bowel movements?) given their frequency. I don't think he's taken very seriously.
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Post by artman1033 on Jan 21, 2014 4:55:16 GMT -8
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Post by phoebear611 on Jan 21, 2014 5:07:53 GMT -8
Looks like Verizon is no longer reporting iPhone activations. AT&T stopped about 3 qtrs. ago.
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Deleted
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Post by Deleted on Jan 21, 2014 5:10:28 GMT -8
VZ earnings call begins at 5:30 EST. The key number to come are iPhone activations. Last year, VZ activated 6.2M iPhones, half of which were estimated to be iPhone 5.
VZ is trading green in the premarket with a positive earnings report. We KNOW Samsung sucked with its SG4, so VZ should have solid numbers to report for iPhones.
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Post by Deleted on Jan 21, 2014 5:11:19 GMT -8
Looks like Verizon is no longer reporting iPhone activations. AT&T stopped about 3 qtrs. ago. Perhaps this detail will come out of the earnings call?
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Post by phoebear611 on Jan 21, 2014 5:16:01 GMT -8
Looks like Verizon is no longer reporting iPhone activations. AT&T stopped about 3 qtrs. ago. Perhaps this detail will come out of the earnings call? Hope so but I see several tweets from analysts saying they aren't expecting them to give their iPhone activations as of now. Not sure if they were given a heads up on that or not....but given that WS analysts are my source...it's not a great one ...so we'll see. The stock has been all over the place this morning for sure.
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Post by artman1033 on Jan 21, 2014 5:26:37 GMT -8
VZ earnings call begins at 5:30 EST. The key number to come are iPhone activations. Last year, VZ activated 6.2M iPhones, half of which were estimated to be iPhone 5. VZ is trading green in the premarket with a positive earnings report. We KNOW Samsung sucked with its SG4, so VZ should have solid numbers to report for iPhones. 4Q 2013 Quarter Earnings Conference Call Webcast Tuesday, January 21, 2014 Join Fran Shammo, EVP and CFO, for a discussion of our 4th Quarter Earnings results at 8:30 AM ET. www.verizon.com/investor/app_resources/htmls/webcast_4q_2013_quarter_earnings_conference_call_webcast_01212014.htm
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Deleted
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Post by Deleted on Jan 21, 2014 5:34:09 GMT -8
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Deleted
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Post by Deleted on Jan 21, 2014 5:38:43 GMT -8
Fran Shammo of Verizon is now talking (isn't Fran a girl's name?). Come on Fran, let's hear some Apple love. Verizon owes its quarter to Apple, after all.
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Post by phoebear611 on Jan 21, 2014 6:14:50 GMT -8
If anyone is listening to the call please share if there is any mention of AAPL ... Or let us know if there is zero mention as well. TIA
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icam
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Post by icam on Jan 21, 2014 6:32:44 GMT -8
Most famous Fran I know is Fran Tarkenton.
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Deleted
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Post by Deleted on Jan 21, 2014 6:39:06 GMT -8
If anyone is listening to the call please share if there is any mention of AAPL ... Or let us know if there is zero mention as well. TIA I didn't hear anything worthy, but I was drifting in and out of it. At least they have slides if others want to take a peek.
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Post by Nevyn on Jan 21, 2014 6:54:02 GMT -8
Most famous Fran I know is Fran Tarkenton. Thats's Incredible!
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Post by Red Shirted Ensign on Jan 21, 2014 9:41:32 GMT -8
As I type this we are up 6.41....not bad considering the overall market blahs, lack of specificity in the Verizon results, the "downgrade" by that terrible analyst and the upgrade by the more credible firm on this side of the Pond.
The Verizon data was not "bad" per se.....and could be read as solid using past market share of the Iphone family at that carrier.
We know nothing about China Mobile....even the rumors and apocryphal stories have dryed up. But no bad news may start to be considered good news as time moves along.
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Post by jmolloy on Jan 21, 2014 9:41:57 GMT -8
Apple gets reprieve from e-book monitor's oversight BY JONATHAN STEMPEL (Reuters) - A U.S. appeals court gave Apple Inc a reprieve from an external monitor appointed to oversee its compliance with antitrust laws after the company had been found liable last July for conspiring to raise e-book prices.
The 2nd U.S. Circuit Court of Appeals in New York on Tuesday granted Apple a hearing on whether to stop the monitor, Michael Bromwich, from doing his job while the company pursues a formal appeal, which could last several months.
In granting an "administrative stay," the 2nd Circuit said a three-judge panel would hear Apple's motion for a stay pending appeal as soon as possible.
The U.S. Department of Justice did not oppose the short stay but will fight Apple's effort to get rid of the monitor or else disqualify Bromwich. It has until January 24 to file opposition papers.
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Post by firestorm on Jan 21, 2014 10:48:03 GMT -8
The day-to-day roller coaster ride continues.
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Post by Red Shirted Ensign on Jan 21, 2014 11:18:52 GMT -8
The Verizon drop in smartphone activations on a YOY basis for this quarter --- about a million ---is this the lack of 5s handsets in verizon outlets for many weeks? Or other carriers raiding them?
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Post by aapl4kiki on Jan 21, 2014 11:39:54 GMT -8
Most famous Fran I know is Fran Tarkenton. Thats's Incredible! I see what you did there. Awesome show! Bring on the tarantulas.
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Deleted
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Post by Deleted on Jan 21, 2014 12:30:48 GMT -8
The Verizon drop in smartphone activations on a YOY basis for this quarter --- about a million ---is this the lack of 5s handsets in verizon outlets for many weeks? Or other carriers raiding them? Can't see this as good news for Apple's upcoming earnings...it certainly was far from a blowout quarter in regards to Smartphone activations
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JDSoCal
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Post by JDSoCal on Jan 21, 2014 12:55:27 GMT -8
Andy Perkins has one of the worst records covering Apple. Plus, he's kinda creepy-looking.
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Post by Red Shirted Ensign on Jan 21, 2014 13:03:29 GMT -8
The Verizon drop in smartphone activations on a YOY basis for this quarter --- about a million ---is this the lack of 5s handsets in verizon outlets for many weeks? Or other carriers raiding them? Can't see this as good news for Apple's upcoming earnings...it certainly was far from a blowout quarter in regards to Smartphone activations The Verizon numbers don't quite make sense to me, looking at the revenue and services side, then the activations numbers. I am sure somebody with more smarts on this can figure it out..... Here is a quick look at a couple of analysts' takes...note White's pickup on the tablet number... blogs.barrons.com/techtraderdaily/2014/01/21/apple-absent-verizon-numbers-street-ponders-iphone-in-a-slowing-smartphone-climate/?mod=yahoobarrons&ru=yahoo
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Mav
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Post by Mav on Jan 21, 2014 13:26:09 GMT -8
Sad, but unsurprising to see Verizon drop iPhone stats. A number of possible reasons but "because AT&T did it" is probably a major factor...
There's little to go on now, but the majority of the iPhone lineup supports LTE. And LTE device activations _are_ up solidly from 7.3M to 9M.
Overall, though, you can't draw a conclusion about VeriPhone, except maybe that YOY unit growth percentage decreased, which is obvious.
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Mav
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Post by Mav on Jan 21, 2014 13:31:51 GMT -8
The Verizon drop in smartphone activations on a YOY basis for this quarter --- about a million ---is this the lack of 5s handsets in verizon outlets for many weeks? Or other carriers raiding them? Can't see this as good news for Apple's upcoming earnings...it certainly was far from a blowout quarter in regards to Smartphone activations Wait, what? Hold the iPhone. All we know is 6.2M iPhones were activated in the year-ago quarter. 9M LTE activations and a decrease in overall smartphone activations YOY doesn't tell us anything about anything. Did iPhone unit growth percentage decrease YOY, probably, assuming activations are roughly equal to sales (4.2M iPhones activated in calendar Q4 2011). But given the little data Verizon is giving out now, iPhone activations could grow, or not. The ceiling is lower, but that's all we know. And since when is the US a major growth market for smartphones now? It's a much more mature market.
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Post by cbingle on Jan 21, 2014 13:32:10 GMT -8
OK, Mav and the rest of you smart guys, where do you think AAPL is heading between now and April.
Even JD can throw in his 2 cents...
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Post by Deleted on Jan 21, 2014 13:36:19 GMT -8
Can't see this as good news for Apple's upcoming earnings...it certainly was far from a blowout quarter in regards to Smartphone activations Wait, what? Hold the iPhone. All we know is 6.2M iPhones were activated in the year-ago quarter. 9M LTE activations and a decrease in overall smartphone activations YOY doesn't tell us anything about anything. Did iPhone growth slow YOY, probably, assuming activations are roughly equal to sales ( Well if 6.2M iPhones were sold last year and Verizon only sold 9M Smartphones this year, Apple would need to sell almost 70% of that just to match last years 6.2M. Either way, selling only 9M Smartphones in a quarter doesn't give a lot of room for growth in iPhone activations for Verizon.
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Post by rickag on Jan 21, 2014 14:18:04 GMT -8
Wait, what? Hold the iPhone. All we know is 6.2M iPhones were activated in the year-ago quarter. 9M LTE activations and a decrease in overall smartphone activations YOY doesn't tell us anything about anything. Did iPhone growth slow YOY, probably, assuming activations are roughly equal to sales ( Well if 6.2M iPhones were sold last year and Verizon only sold 9M Smartphones this year, Apple would need to sell almost 70% of that just to match last years 6.2M. Either way, selling only 9M Smartphones in a quarter doesn't give a lot of room for growth in iPhone activations for Verizon. Yes, you're right, 70% seems quite a stretch to maintain 6.2 million. For last years quarter ~63% of Verizon's sales were iPhones or 6.2 million phones. At 8.8 million, 63% is 5.5 million iPhones. If Apple maintained it's 63%, I hope I hope, that's a difference of 700,00. NTT Docomo should cover that and then some, plus a roll out that included China (minus China Mobile). I'm trying to stay positive, really I am. I'm sure there will be an article saying iPhone sales at Verizon tanked because the year ago quarter Verizon lost money and this quarter they made money. And everyone knows Verizon loses money on selling iPhones (re: just bracing myself for more FUD).
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