Well, then. Buy buy buy.
Apple’s stock price falls to lowest point in six months
41–50 of 55 posts
Re: Apple’s stock price falls to lowest point in six months
#42Two issues I have with the prevailing narrative of these discussions:
1. The idea that Steve Jobs, while immensely important and influential, was some sort of indispensable man. Yes, Sony faltered after Akio Morita passed, and Disney after Walt was gone. But is history so certain to repeat? Are corporations really impotent without the leadership of Randian ubermensch?
2. The idea that Apple simply had to create a new product this year. Not every year prior to Jobs' passing had new Apple products appearing. Certainly everyone is anxious to see what the company can produce in the post-Jobs era, but is it really realistic to expect the next iProduct within a year after Tim Cook became CEO?
Re: Apple’s stock price falls to lowest point in six months
#43Eugh. I don't get why anyone wants to read this mindless speculation. What else do your tea leaves tell you? "many investors were disappointed that Apple wasn’t able to blow through Wall Street’s estimates" Well, great. Maybe their goat's entrails didn't predict well enough last time, but this time they were wrong the other way. Almost as if it were random - or as if the market had already compensated for their predi…
Yes they have missed their earnings and it is true they have significant revenues.
The problem here is that the stock has been over inflated for a long time due to surpassing analyst estimates year after year due to iphone growth. Investors are realizing the real threat of android that is stealing iphone market share..
Dont forget apple has always been a niche player. Thats how they are able to sell devices with large margins. Previously they were the leader in mobile devices but this has changed. They will never attain the previous level of market share. Investors are not that confident in apple's ability to continue major innovation without steve jobs.
Therefore that means lesser earnings (relative) in the future, which means a correction in their stock price.
The stock has been artificially inflated for too long and this was bound to happen some time.
Re: Apple’s stock price falls to lowest point in six months
#44This looks like a follow-up take on the similar TechCrunch article discussed at http://news.ycombinator.com/item?id=4791710 . Let me repeat my comment there. I would personally not buy their stock any time soon. I keep meaning to write a blog entry on this. To understand my reasoning it helps to be familiar with The Innovator's Dilemma (see http://www.amazon.com/The-Innovators-Dilemma-Technologies-Ca... for the book)…
Short-sighted drivel. "In every market that Apple is in, it is the premium product." Why do you think that is, exactly? Apple has quality products because it is a culture designed to produce Quality. As long as that does not stop, they will continue to absolutely pave the streets with their competitors' remains, because, frankly, no other company in the market has the company-wide culture necessary to produce the end…
You are long on insults and short on specifics.
I guarantee you, as long as quality concerns remain a major motivating factor for Apple buyers, Apple will develop competitors who attempt to deliver it as well. They will never match Apple, but eventually will deliver good enough quality for the buying market.
And it isn't new ideas that they need. It is new value propositions that people will want to buy. And no, they aren't going to believe you if you show up claiming to be able to generate them. So your inability to suddenly rise to the top of Apple is not evidence against what I said.
Re: Apple’s stock price falls to lowest point in six months
#45Eugh. I don't get why anyone wants to read this mindless speculation. What else do your tea leaves tell you? "many investors were disappointed that Apple wasn’t able to blow through Wall Street’s estimates" Well, great. Maybe their goat's entrails didn't predict well enough last time, but this time they were wrong the other way. Almost as if it were random - or as if the market had already compensated for their predi…
> Apple sells physical devices for a massive profit. No one else has been able to sell phones/tablets for so much. Apple will keep doing that as long as it can, regardless of Google's efforts to undercut. The article is about Apple's stock price, and I'm not sure you understand how that part works. Yes, Apple will continue to make billions of dollars every quarter for quite a while, but their stock is likely to drop…
Considering their P/E is so low, AAPL is likely undervalued and so their stock is likely to gain in the coming year. A major reason for this current drop is that funds and institutional investors are trying to lock up profits before year end and before any potential rise in capital gains taxes.
Re: Apple’s stock price falls to lowest point in six months
#46Eugh. I don't get why anyone wants to read this mindless speculation. What else do your tea leaves tell you? "many investors were disappointed that Apple wasn’t able to blow through Wall Street’s estimates" Well, great. Maybe their goat's entrails didn't predict well enough last time, but this time they were wrong the other way. Almost as if it were random - or as if the market had already compensated for their predi…
Yes they have missed their earnings and it is true they have significant revenues. The problem here is that the stock has been over inflated for a long time due to surpassing analyst estimates year after year due to iphone growth. Investors are realizing the real threat of android that is stealing iphone market share.. Dont forget apple has always been a niche player. Thats how they are able to sell devices with larg…
"The stock has been artificially inflated for too long and this was bound to happen some time."
Actually, Apple's P/E ratio has been fairly modest for a long time, especially compared to other tech companies that don't rake in as much cash. Microsoft's P/E is nearly 15, compared to Apple's 12.
Re: Apple’s stock price falls to lowest point in six months
#47Earlier quoted context omitted.
Short-sighted drivel. "In every market that Apple is in, it is the premium product." Why do you think that is, exactly? Apple has quality products because it is a culture designed to produce Quality. As long as that does not stop, they will continue to absolutely pave the streets with their competitors' remains, because, frankly, no other company in the market has the company-wide culture necessary to produce the end…
You are long on insults and short on specifics. I guarantee you, as long as quality concerns remain a major motivating factor for Apple buyers, Apple will develop competitors who attempt to deliver it as well. They will never match Apple, but eventually will deliver good enough quality for the buying market. And it isn't new ideas that they need. It is new value propositions that people will want to buy. And no, they…
Guys been dead one year and all we hear from people like you is that innovation is dead at Apple because they haven't launched any new $50 billion products in the last 4 quarters. Steve produced a handful of what you're calling "new value propositions" in over a dozen years and most definitely had his hands all over everything Apple has launched from his death to today.
Your claim that Apple probably has no new products in the pipeline is one the most laughable things I've ever read on HN. Apple is not Microsoft or Google, they don't demo a thousand shitty products five years early and hope some of them catch fire.
Your claim that Apple's current product lines are all doomed is also silly and disproved by inspection of their desktop and laptop business. Apple is an innovation machine and everyone else is trying to hit a moving target.
Yes it was drivel and hogwash.
Re: Apple’s stock price falls to lowest point in six months
#48Earlier quoted context omitted.
I'd argue their willingness to cannibalize their exisiting products is exactly why they are doing so well. The product that finally killed the iPod was the iPhone.
Actually it was the iPod Mini that killed the iPod. Then the Nano killed the Mini. Then the iPhone killed the entire line. So, the spirit of your statement is right on the money. This is Apples truth strength. Their lack of complacency. The iPad Mini will eat the iPad. I would nearly guarantee that's the whole idea.
I saw it phrased as "Better to eat your own young than let something else do it", which is slightly grim but I'd say close to the mark.
Re: Apple’s stock price falls to lowest point in six months
#49Eugh. I don't get why anyone wants to read this mindless speculation. What else do your tea leaves tell you? "many investors were disappointed that Apple wasn’t able to blow through Wall Street’s estimates" Well, great. Maybe their goat's entrails didn't predict well enough last time, but this time they were wrong the other way. Almost as if it were random - or as if the market had already compensated for their predi…
> Apple sells physical devices for a massive profit. No one else has been able to sell phones/tablets for so much. Apple will keep doing that as long as it can, regardless of Google's efforts to undercut. The article is about Apple's stock price, and I'm not sure you understand how that part works. Yes, Apple will continue to make billions of dollars every quarter for quite a while, but their stock is likely to drop…
>but their stock is likely to drop down significantly in the coming year.
Care to put some money on it?
Re: Apple’s stock price falls to lowest point in six months
#50What you are seeing. Is a reversal of sentiments from all front. Steve, is a scary negotiator to go against, that's why apple got the deals it got.
If you are buying based on PE, good luck.
Yes I put my money where my mouth is. Sold AAPL, bought TSLA.