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(Marketwatch)   Remember last September when Apple was the darling of Wall Street at $700/share? Well, hold on to those memories   (marketwatch.com) divider line 31
    More: Fail, Wall Street, memory, Apple Inc.  
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2722 clicks; posted to Business » on 25 Jun 2013 at 9:15 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



31 Comments   (+0 »)
   
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2013-06-25 09:26:50 AM
i265.photobucket.com
 
2013-06-25 09:35:01 AM
I really dislike a lot of things about Apple and have not bought one of their products in years (my daughter has an iPhone, but she is an adult and she will learn eventually) but this is sorta temporary.

It is still fallout from Jobs death and lackluster iP5 hype/sales. If the next iPhone is an "s" version, then the slide will continue. If it is a true iPhone 6 with a ton of new features (not sure they know how to innovate) that other phones already have, then they should bounce back.

Do I ever see them hitting 700 again, nah. 500-550 is doable though.
 
2013-06-25 09:51:51 AM

Piizzadude: I really dislike a lot of things about Apple and have not bought one of their products in years (my daughter has an iPhone, but she is an adult and she will learn eventually) but this is sorta temporary.

It is still fallout from Jobs death and lackluster iP5 hype/sales. If the next iPhone is an "s" version, then the slide will continue. If it is a true iPhone 6 with a ton of new features (not sure they know how to innovate) that other phones already have, then they should bounce back.

Do I ever see them hitting 700 again, nah. 500-550 is doable though.


They need to get the prices under control.  Yea, the iPod, iPhone and iPad were not necessarily unique, but good products, but the competition from Android especially is causing the same problems that Apple faced in the late 80s and early 90s:  cheap commodity hardware overshadowing a solid build and friendly software.
 
2013-06-25 10:05:36 AM
Oh come on!? Who didn't see this coming?

/I mean besides the fanbois who thought it would rise forever.
//Apple sucks. Of ALL people I should know.
 
2013-06-25 10:11:17 AM
Never understood their stockprice.  It's not like they pay dividends.
 
2013-06-25 10:21:28 AM

Satanic_Hamster: Never understood their stockprice.  It's not like they pay dividends.


They do pay a pretty good dividend now.

Additionally, their price/earnings is below ten and their price to earnings-growth (PEG) has always been extremely low.
Arguably, the earnings growth is going to start slowing down but I still like the stock at this price.
 
2013-06-25 10:29:20 AM
They've saturated the market. Phones, pads, pods... they've been out long enough and have gotten cheap enough (especially on the secondary market, hello craigslist) that pretty much anybody that wants one has one. There will always be the diehard fanbase that upgrades just because there's something to upgrade to, but you can only count on that for so many sales. They'd have to break some major new ground to get back where they were, and I don't see it happening.

I have an iPhone 4. I like it, it does what I need a smartphone to do, and after a couple of years of wondering when Verizon was going to bother releasing an update for my android phone, having to reboot the thing daily to get it to work and finally just rooting it and installing a basic (read: not verizon-flavored) version of Android that actually worked on the hardware, Apple finally had a product I wanted. That's about it, though. Siri and a retina display aren't enough to bother upgrading for at this point, and I don't mind doing the root/ROM thing on my tablets, as they aren't a necessary part of my day.

I can deal with buying an Apple device every 2-3 years. But that's all they're getting from me. I know I can't be alone in that sentiment.
 
2013-06-25 11:03:00 AM

Parkanzky: They do pay a pretty good dividend now.

Additionally, their price/earnings is below ten and their price to earnings-growth (PEG) has always been extremely low.
Arguably, the earnings growth is going to start slowing down but I still like the stock at this price.


Wait, they started paying dividends again?  Last I looked into it / read articles on it it's been years.

*googles*

Hmmm.  Guess they decided that hording all that cash and not paying dividends was pissing off people too much.
 
2013-06-25 11:26:13 AM
I'll enjoy buying some stock back when it hits, say, $200 or so.

\ sold 4 at $600
\\ why yes, I do feel like a winner this time
 
2013-06-25 11:32:42 AM

Piizzadude: not sure they know how to innovate


lolwut?
 
2013-06-25 12:03:40 PM

Piizzadude: I really dislike a lot of things about Apple and have not bought one of their products in years (my daughter has an iPhone, but she is an adult and she will learn eventually) but this is sorta temporary.

It is still fallout from Jobs death and lackluster iP5 hype/sales. If the next iPhone is an "s" version, then the slide will continue. If it is a true iPhone 6 with a ton of new features (not sure they know how to innovate) that other phones already have, then they should bounce back.

Do I ever see them hitting 700 again, nah. 500-550 is doable though.


I think they're done.  You can finally get Android phones that work pretty good, for less... so they've got nothing to stand out with.  There aren't nearly as many Apple fanbois as the neckbeards would have us believe.
 
2013-06-25 12:28:10 PM
Apple was the darling of day traders and dumb money (Etrade yo-self broke yo).  Their PE was never too hot, and the outlook past the Jobs bubble is dubious at best.

But yeah, CNBC and motleyFOOL got a woody talking about them.  If that's where you get you're investment device, you deserve the cans of beans destine for your future retirement.
 
2013-06-25 01:45:25 PM

AcneVulgaris: Piizzadude: I really dislike a lot of things about Apple and have not bought one of their products in years (my daughter has an iPhone, but she is an adult and she will learn eventually) but this is sorta temporary.

It is still fallout from Jobs death and lackluster iP5 hype/sales. If the next iPhone is an "s" version, then the slide will continue. If it is a true iPhone 6 with a ton of new features (not sure they know how to innovate) that other phones already have, then they should bounce back.

Do I ever see them hitting 700 again, nah. 500-550 is doable though.

I think they're done.  You can finally get Android phones that work pretty good, for less... so they've got nothing to stand out with.  There aren't nearly as many Apple fanbois as the neckbeards would have us believe.


Fanbois? No. Most of the people who buy Apple products are not "fanbois" at all. That's still the same tiny group as when Macs held two percent of the computer market. Companies who get their ass kicked by Apple blame the fanbois instead of admitting that their product isn't good enough to compete. Losers who've been brainwashed to hate Apple prattle on about fanbois when millions of people buy iPhones or iPads, because it doesn't fit with the limited view of reality that's been poured into their empty heads. Ever stop to think that there are reasons for non-fanboi consumers to buy these products? Ever stop to think, period?
 
2013-06-25 01:52:59 PM
Apple is farked without Jobs.
 
2013-06-25 01:54:01 PM

bingethinker: Fanbois? No. Most of the people who buy Apple products are not "fanbois" at all. That's still the same tiny group as when Macs held two percent of the computer market. Companies who get their ass kicked by Apple blame the fanbois instead of admitting that their product isn't good enough to compete. Losers who've been brainwashed to hate Apple prattle on about fanbois when millions of people buy iPhones or iPads, because it doesn't fit with the limited view of reality that's been poured into their empty heads. Ever stop to think that there are reasons for non-fanboi consumers to buy these products? Ever stop to think, period?


this.
 
2013-06-25 03:14:33 PM

TyrantII: Apple was the darling of day traders and dumb money (Etrade yo-self broke yo).  Their PE was never too hot, and the outlook past the Jobs bubble is dubious at best.

But yeah, CNBC and motleyFOOL got a woody talking about them.  If that's where you get you're investment device, you deserve the cans of beans destine for your future retirement.


This, really. Apple was a stock darling. Now, they're not. The people who were going to make tons of money have done so.
 
2013-06-25 03:26:01 PM
Lets talk frankly about internal cleanliness:
I have an iPhone 4. I like it, it does what I need a smartphone to do, and after a couple of years of wondering when Verizon was going to bother releasing an update for my android phone, having to reboot the thing daily to get it to work and finally just rooting it and installing a basic (read: not verizon-flavored) version of Android that actually worked on the hardware, Apple finally had a product I wanted. That's about it, though. Siri and a retina display aren't enough to bother upgrading for at this point, and I don't mind doing the root/ROM thing on my tablets, as they aren't a necessary part of my day.

I can deal with buying an Apple device every 2-3 years. But that's all they're getting from me. I know I can't be alone in that sentiment.


You're not alone.  I still have my  4 that I got the same week they first started offering the 4 in white.  I've passed up the 4S and the 5 as the 4 has been serving fine.  I may keep it even longer after whatever new phone they come up with this fall.  Whatever it is it's going to have to be worth upgrading from until this 4 stops working.
 
2013-06-25 03:34:01 PM
android has better features,
and my son loooves his Windows phone, i was able to download all my music from Windows to his phone w/no probs
 
2013-06-25 04:47:20 PM
That's what happens when people finally realize they are buying overpriced crap.
 
2013-06-25 05:05:19 PM
Apple Iphone.  See Motorola Razr
 
2013-06-25 05:56:13 PM

adjmcloon: Apple Iphone.  See Motorola Razr


what does that even mean? the razr is to the iphone as the IBM selectric is to the modern laptop.
 
2013-06-25 07:05:26 PM

bingethinker: AcneVulgaris: Piizzadude: I really dislike a lot of things about Apple and have not bought one of their products in years (my daughter has an iPhone, but she is an adult and she will learn eventually) but this is sorta temporary.

It is still fallout from Jobs death and lackluster iP5 hype/sales. If the next iPhone is an "s" version, then the slide will continue. If it is a true iPhone 6 with a ton of new features (not sure they know how to innovate) that other phones already have, then they should bounce back.

Do I ever see them hitting 700 again, nah. 500-550 is doable though.

I think they're done.  You can finally get Android phones that work pretty good, for less... so they've got nothing to stand out with.  There aren't nearly as many Apple fanbois as the neckbeards would have us believe.

Fanbois? No. Most of the people who buy Apple products are not "fanbois" at all. That's still the same tiny group as when Macs held two percent of the computer market. Companies who get their ass kicked by Apple blame the fanbois instead of admitting that their product isn't good enough to compete. Losers who've been brainwashed to hate Apple prattle on about fanbois when millions of people buy iPhones or iPads, because it doesn't fit with the limited view of reality that's been poured into their empty heads. Ever stop to think that there are reasons for non-fanboi consumers to buy these products? Ever stop to think, period?


Relax Frances.  I was making the same point.  You just totally missed it.
 
2013-06-25 08:28:24 PM

FlashHarry: adjmcloon: Apple Iphone.  See Motorola Razr

what does that even mean? the razr is to the iphone as the IBM selectric is to the modern laptop.


The new Razr, especially the Maxx, is great. I own one and love it. The battery life is phenomenal. That, and a healthy third party market to get apps from means I can basically do whatever I want on it.
 
2013-06-25 08:29:32 PM
Done? I think not. Any company would salivate at the prospect of the profit that Apple makes, scooping up the majority of the profits of cell phone sales and the majority of profits from laptop/desktop sales. Most Android manufacturers will soon fall away as they make little to no profit from the sale of their phones.
 
2013-06-25 08:58:22 PM

Parkanzky: Satanic_Hamster: Never understood their stockprice.  It's not like they pay dividends.

They do pay a pretty good dividend now.

Additionally, their price/earnings is below ten and their price to earnings-growth (PEG) has always been extremely low.
Arguably, the earnings growth is going to start slowing down but I still like the stock at this price.


Start slowing? It's been like a runaway elevator on the way to the basement for a thousand days now. And hush it fan boys their earnings are great - their earnings growth rate is shiat. Learn the difference.
 
2013-06-26 02:41:14 AM
An Apple hysteria thread again, woohoo!

/got in at $26
//still a happy camper
///Apple products have an insane rate of software adoption, which eventually pushes people to upgrade their phone
////98% of iphones run the latest OS
//Android doesn't have those numbers
 
2013-06-26 05:45:45 AM
Looks like it's buying time to me. Farking yield is over 3 and with a massive pile of cash to keep paying out dividends with. Go ahead haters and find a stock with better fundamentals.
 
2013-06-26 07:56:49 AM

dj_spanmaster: I'll enjoy buying some stock back when it hits, say, $200 or so.


Well, sure. $200 is basically cash plus earnings.

The stock is yielding about 3% with a sub-20% payout ratio, and selling at what, about 10X free cash flow?

Whatever you think of Apple's products or the pumping that went on at $700, it seems to me that in real-world money the company is not suffering anything like the spectacular cratering which would be necessary to make the shares a bad deal at the current prices.
 
2013-06-26 09:28:45 AM
I'll say the same thing I've said in every AAPL stock price thread:

The only product they've really focused on for the last 6 years is the iPod Touch in various form factors and with various features added or removed.

When are they actually going to release a new product that would justify any sort of interest in their stock?
 
2013-06-26 10:42:23 AM

skozlaw: I'll say the same thing I've said in every AAPL stock price thread:

The only product they've really focused on for the last 6 years is the iPod Touch in various form factors and with various features added or removed.

When are they actually going to release a new product that would justify any sort of interest in their stock?


I don't think that's the right way to look at your investments.  They've been taking in enormous amounts of revenue quarter-after-quarter for a very long time.  Their revenue growth has slowed, but it's still growing and the ratio of the stock price to the earnings is lower than most companies in similar industries.  They're also sitting on an enormous pile of cash, which alone can justify a significant portion of the stock price (They have something like $150-$200/share in cash on hand.  That cash really belongs to the shareholders.  So their cash and other assets make their share price even more attractive).

So who cares if they "innovate" in the way you define it so long as they keep having to figure out what to do with the dump trucks full of cash that keep pulling up to their headquarters?
 
2013-06-26 01:31:11 PM
My wife worked in one of their retail stores when she was in Grad School and was trying to get me to buy a bunch of their stock because, "Its so high and it won't go down."  Her slavish loyalty to that brand is the only thing about her that REALLY bothers me.

No honey, lets NOT buy at record high and then end up having to sell and a gigantic loss.  That seems smarter.
 
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