October 29th, 2013..........Apple guides for Q1. Here is what they said:
Apple Inc. (AAPL:US)’s forecast for the slowest holiday sales growth in a half decade reflects how iPhones and iPads aren’t providing the growth surges they once did as competition accelerates in the saturated mobile market.
The trend was outlined yesterday when Cupertino, California-based Apple said revenue for the current quarter would be $55 billion to $58 billion, up 0.9 percent to 6.4 percent, from $54.5 billion a year earlier. That would be the slowest holiday-sales rise since 2008, when revenue (AAPL:US) jumped 6 percent. Profit will be about the same as last year, based on Apple’s predictions for gross margins.
CM has one site in one city taking "pre-orders for appointments"....and they show a picture of an I-Phone, but call it a "Trendy Phone". I think they are ONLY doing a test to see how many people will want the 5s Trendyphone, and how many want the 5c Trendyphone. They want to know how many millions of each they will need to order for the real rollout......Later. This whole "pre-order" stuff is nothing more than market reasearch. The "rollout" may be a couple of weeks out. CM needs millions of phones......I'll bet they have 0 phones right now. When will CM be pushing millions of I-phones out the door and activating them? Chinese New Year Sales Season. Begins about Jan.13, 2014. CM and Apple may not have a "deal". They may never have a deal. The "deal" may be that CM orders millions of I-Phones, and Apple ships them to CM.....and then CM pays their bill......and then Apple puts the huge profits in the bank, where they will sit forever, doing nothing and helping nobody.
I-phone display has 2 operational I-phones, the 5s and 5c. You can do the fingerprint thing, bring up apps. Very cool. ALL of the other smart-phones not operational, all have lame frozen screens. Apple display is elevated above the rest and has ample space. The rest are crammed together. W/Contract....5s $149.....5c $49.
I think they may have no choice. The guidence range they gave in October was based on an expected "slow" holiday sales season. Turns out it may be slow for everybody except Apple. If you give guidence of between $13 and $14 and know before the quarter ends that it will be closer to$17 or $18......Then not "advising, revising, warning" the market of this would be rather poor stock management. The last time Apple revised guidence upward, I believe was about a week before the end of the quarter. So I'm looking for something after the last selling weekend before Christmas......Monday the 22nd. It would be fun to see what happens if Apple does $17 and posts double digit everything. :-)
Sory folks.....The "pre-order for an appointment" website is only operating in one CM city, and they are calling the I-Phone a "Trendyphone". This is just a beta test CM is doing to measure possible demand. This is not a "rollout" or "kickoff". I would not look for any big Apple shipments to CM in this quarter. The rollout of IPhones to CM customers will be a very large logistical event. One trendyphone application pre-order site in one city does not indicate that a massive rollout is just a few days or even a few weeks away. Not to worry.....when it comes, it will be bigger than what analysts are predicting. Chinese people view American products as status symbols. They will want I-phones.
I think Apple goes sideways until they revise guidence upward. There are only 2 weeks left in the quarter, and I would think Apple knows that Q1 will come in much higher than the range they gave in late October.
Cool. Is the idea that these people can pick up their phones on the 18th? Or is the idea that CM doesn't know when they will have these phones and start activating? Is the current belief that Apple has been shipping these phones to CM....as in several million phone sales in Apple's Q1?
A Motley Fool Article just posted Blamed APPLE for the sluggish economy, by hoarding cash.
I'll put a $10 special dividend to work right away. :-)
Go down to your Walmart Friday.....They won't have any. And read the fine print "stock on hand" only. Same thing happened on Black Friday. Walmart ads are just to get you in the door. Our Walmart had no 5c phones on Black Friday, and I'll bet $27 that they won't on Friday.
I can't...but Apple can. Apple is a target for fellas like Carl Icon and Occupy Wall Street. Crazy women judges will start declaring 50 billion dollar judgements......Slip and fall claims and so on.
Nope.....Apple needs to give more cash to shareholders. Sharing is caring.
Analysts seem to be pounding this CM deal down to nothing. Apple didn't announce Straight Talk selling I-phones in Walmarts, why would they need to announce CM? Maybe this CM thing is more of a regular business development than a big deal. Just a thought. Tough to wait for stuff that never comes. :-)
$10 Special Dividend. Q1 Results Announcement. Chinese New Year Celebration.
Do it every year,. Posters here can speculate how much it will be each year. Lots of Fun.
My goodness. If you read all of the last 3 weeks of sales data coming in from all over the world......Apple is just Kicking Butt and taking names. The US, Japan, China. Moble traffic, moble sales, IOS. Apple is just killing everybody. Every fear that tanked Apple stock from $700 to $400 is now being shown to be just wrong or being quickly reversed.
Can't tell you exactly when....but Apple shares will be taking off rather soon, and it will be an event.
Many thousands of child worker deaths in Non-Apple subcontractors every year. 20x more. Nobody cares because Apple is not involved. 300 kids shot to death in Chicago every year......Good thing Apple doesn't have a supplier plant there, or those deaths would be Apple's fault.
I'd vote for it. Apple would go to the DOW and massive fund buying would be the result. I would love a 3.5% dividend. Lots more income investors would want to own the stock. And it would break the stock out of this trading range. Then Apple can produce 14% growthrates instead of the 6% where estimates are currently. :-)
I'm expecting by eod a story questioning whether Tim Cook's gardner is an illegal alien.