... realize this is just a panic AH sell that is way overblown. Solid earnings and still a very low PE. Apple TV is right around the corner. This will rebound within minutes.
You realize they project lower revenue next quarter than the same quarter a year ago right? If that happens that means EPS is declining...not just flat, but actually falling. What do you think that does to the price? With just a $10 dividend this could see $350 real easy. They need a new product and it's hard to imagine what the product would be that would meaningfully impact earnings. I suppose a cheaper phone that is as good as the cheaper phones on the market could steal market share from Samsung, but would that have a meaningful impact on the bottom line or would people buying the expensive models just buy the cheaper ones and really f up earnings?
Not a chance. I was bullish on Apple, but I believe Wall Street is done with Tim Cook. Three misses is a trend. I also don't like them telling wall street how to interpret their guidance. I am paraphrasing but they said somethng along the lines of "we used to underpromise and overdeliver, but now if we give guidance only expect what weare telling you." Nothing to be bullish about until new products or a China Mobil deal. Only pain from here in my opinion.
Assuming rational behavior, yes it gets back to 500 soon and goes higher on new product announcements. The market is not rational toward Apple, instead it prefers to listen to dimwits who say things like "See ya at 420"
Samsung is having a hard time with its smartTVs, No one is paying a premium for them. The UX sucks and no one wants use those features on the #$%$ UI of a Samsung TV when they can do better on an XBox, PS3, Tivo, Boxee, Roku or AppleTV. Samsung is getting its #$%$ handed to it on TV margins.