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Posted 17 September 2012 - 21:21
Posted 17 September 2012 - 21:27
Posted 17 September 2012 - 22:45
Posted 18 September 2012 - 07:37
It's gonna be one helluva fall when they tank...
Posted 18 September 2012 - 08:01
It's gonna be one helluva fall when they tank...
it's a bubble that's going to burst so loud and it will have severe economic consequences..
Posted 18 September 2012 - 12:15
You can't burst a solid.
It’s also worth thinking of the fragility of our financial markets generally. The federal government currently borrows ten-year money at 1.42 percent. Our government debt is rapidly approaching the levels last seen at the end of World War II. We have no plan for regaining control over the budget. The Fed has exhausted every tool of monetary policy and has, indeed, risked creating a huge inflationary problem down the road.
The truth is that 1.42 percent is an insanely low yield for a borrower in the shape that the government is in today. Sooner or later, the government bond market will correct (it would do so much faster if the Fed stood back) and there will be an inevitable rebound on to equities.
So much for the general argument. The specifics on Apple are no more cheering. Analysts expected third quarter revenues to come in at $37 billion; they came in at $35 billion. The miss on earnings was even worse: analysts had penciled in $10.36 a share, and the outcome was more than a dollar per share worse than that at $9.32.
Sales of iPods fell. Sales of Macs were flat. Sales of iPhones were up on the year, but sharply down on the prior quarter. Sales of tablets were excellent, but the competitive background is changing fast. The new iPhone is great, but it’s not a game-changer the way the first one was. It’s kind of like the Rocky films. Rocky 15 just won’t lift the heart the way the very first one did.
Now at this point, I should probably reiterate what I said at the start. I love this company’s products. I think the company that Jobs built is the most impressive American company to have emerged since the days of Ford and General Electric. But those judgments are different from judgments about valuation. The results just announced are not the results of a gravity-defying company, but of one governed by the same laws of competition that everyone else faces too.
People haven’t got bored of smart phones or of anything else that Apple makes. But sometimes, as an investor, you have to stand back and ask, really? And the question here is really twofold. One, can Apple’s top line growth continue when its markets are becoming relentlessly competitive? Two, can Apple’s near 40 percent operating margin persist when every big electronics and Internet company on the planet is out to steal the firm’s lunch?
Posted 18 September 2012 - 12:45
Whilst you're happy calling people dolts, your explanation makes absolutely no sense - you do not seem to understand what a stock market bubble is. Stock market bubbles have nothing to do with manufacturing, a bubble means that stock is priced above its real-world value. By this definition, it's valid to claim that Apple stock is bubbling.
Do you two dolts know the God damned definition of a bubble? A bubble means there is nothing there. The internet was a bubble. Stocks are a bubble. Mortgages are a bubble. Apple is not a bubble. Apple actually manufactures things. It is 100% tangible.
Posted 18 September 2012 - 12:55
Nobody cares about these numbers anymore really.. to most objective people (even investors) this is insanity. A company that has 80% of their revenue on 2 products is valued more than other companies with diversified revenues.
Posted 18 September 2012 - 13:40
That's like saying Ford makes all it's money on 1 product (cars).
Posted 18 September 2012 - 13:49
Hell, even the luxury brands don't sell only 2 car models. Lamborghini, Porsche, Mercedes, Audi all have tons of different models and "form factors" for their vehicles.
Posted 18 September 2012 - 13:50
Posted 18 September 2012 - 13:52
Posted 18 September 2012 - 13:53
iPod, iPad (2, maybe 3 soon), iPhone, Mac Mini, Macbook (Air, Pro, and Retina), iMac, Mac Pro, Apple TV, Airport Express/Extreme...
And that's only the hardware side. They are the largest vertically integrated tech company on the planet, at the moment. iTunes / App Store -> iOS -> iPod/Pad, OSX -> PC.
There's also the small fact that they sell a ton of computers to college students. If you asked me what their future earning potential is, I'd say it's absolutely gigantic.
Posted 18 September 2012 - 14:11