Rocco Pendola is as big as AAPL fanatic as you are likely to find. His prose is far from objective. Although his does pose as an "analyst" he has absolutely no professional investing experience. He has been advocating long positions in AAPL at various times this year. Of course that has not worked out very well for him. Apple is a two product company as 75 percent of their sales are those two devices. Apple is in the fastest growth area of consumer devices but somehow isn't managing to grow their earnings. It is funny how journalists remark that MSFT is dying and not AAPL when MSFT quarterly earnings are actually growing year over year and AAPL quarterly earning have been falling year over year for the past couple of quarters.
Apple still stubbornly thinks it can do maps although its customers don't and that is why they were forced to allow Google Maps on their phones even though they hate Google. I think Apple is just too egotistical to license Nokia maps although it would be a very practical thing to do.
It is funny. seemed like only days ago Analysts were falling all over themselves to downgrade NOK now it is quite the opposite. I think if you did any analyzing of Nokia prior to the sale of their handset business to MSFT, you could see that the sum of the parts were greater than the whole.
I sold my shares last week after the deal and didn't want to hold over the weekend because you never know what will happen when folks sleep on this deal. After not hearing anything over the weekend that was negative, I bought back Monday morning. Paid a couple of pennies more on Monday then I sold it for but I slept better. Never a bad idea to take profits. Can't imagine shareholders blocking the deal now, although I admittedly was a bit worried about politicians blocking the deal. Nokia is a bit of a source of national pride for the Fins and it is pretty hard for them to stomach a partial takeover by MSFT.
Yesterday, FCX had a technical breakout. Breaking 32 was important. We are getting followup today. So, call it technical led buying.
It is always a guess but since it is the close of the week you want to buy at the end of the day when people close out positions.
Sorry longs. Made bank on my short. Posted when I went short. Had a chance to get out. I will probably close my position today so I guess I will be buying AAPL today. Should see a little kick at the close. :-)
"I hate myself for loving you
Can't break free from the things that you do
I wanna walk but I run back to you
That's why I hate myself for loving you"
Joan Jett and the Blackhearts - I Hate Myself for Loving You
Microsoft essentially bought half the company. The struggling half. NOK is still a company although much smaller. The half that still remains is NSN which builds and deploys cellular network equipment and Nokia "HERE" which is their mapping unit and some assorted patents which it turns out are pretty valuable. In return NOK will get around 7 billion dollars, 5 billion outright plus 2 billion in patent considerations. What NOK will do with the money is a matter of speculation but they have a fair amount of debt and they could easily liquidate that. They also still have some cash already on the books. Odds are pretty good that a "special dividend will be paid". I have heard at least $1 a share. The growth according to my calculations should be in the high single digits to the low double digits. It is a good business so you could continue to hold NOK for what is left.
Icahn is no fool. He tweeted he bought then he sold to fools. He tweeted that he bought some more then he sold to more fools.
I don't understand why people are still surprise at a drop after a product launch. The pros know this an have been playing the little guy for years on product launches. Going into a product launch all the sell side analysts hype it. They tell you that this is what we have all been waiting for: "The "big Apple product launch". You need to buy the stock before the product announcement. Then they sell right before the launch. They played you like a piano. You bought and they sold to you. Now you are holding the bag. This time it is worse then before because Icahn was hyping it too. Now there is big disappointment because the product launch is done for the year. This is the "awesome new products" that Tim Cook hyped after the last earnings report. That is totally awesome. We have a plastic iPhone and if your really want to spend big bucks then we give you a fingerprint reader.
Mr. Icahn is getting senile. He will lose money on Apple. Soon, Apple can be bought at $400 so why buy now.
The phone might be subsidized but not the service agreement. You will go brokee paying monthly charges. Also you are still on the hook for the taxes. Which depending on where you live will be $50 per phone. 5 phones will set you back about 750 plus cases that will be close to a grand. Your monthly bill for 5 "subsidized phones will be close to $300 per month. Over the life of the contract you will pay $7000 plus the $1000 you already spent. $8000 for 5 phones.