The current product line is not going to see a downturn and led by the iPhone they are cash cows the likes of with has never been seen. The current product line alone supports a $100 PPS.
In essence buyers of the stock are getting all the cash, all the future innovation, all the braintrust that includes recent hires and all the future services apple will add to the ecosystem. Berkshire deduced that the product line is a steady stream of billions in earnings the same way that coke sells soda with the caveat that there is little worldwide growth in the soda market but the next big thing for apple can be right around the corner.
I can see disruption coming in healthcare, Tv streaming, HomeKit, wearables and the automobile.
Think about it. The watch is the only vehicle capable of an alert system to give the most intelligent, most financially able and most loyal group the tools to manage all facets of their fitness and health. Making people the product has been very lucrative for Amazon and Google but it also prevents them from gaining the trust needed to do what apple is planning to do.
Not sarcasm at all. It is the hallmark of Apple that they don't sacrifice quality for quantity. The interview in India is a perfect example of how Cook is often faced with a question about accommodating consumers who can't afford apple products and every time he pivots to apple never wanting to compromise quality to advance market share. He smoothly brought up his desire to be allowed to sell second hand apple iPhones in India that the company stands by and fully supports.
Never going to happen and never could happen. If Apple tried to recreate the scale and speed needed to house hundreds of thousands of workers with thousands of middle managers willing and able to leave their dorms and work 80 hour weeks like at Foxconn the outcry by liberal activists would shut it down before it even got started. If you are channeling your inner Donald Trump you need somebody to smack upside your head and bring you back to reality.
Apple builds great products that are of the best quality.
Apple is on the cusp of a new growth spurt.
Actually last year I traded 1000 and 2000 of my shares 7 times buying low and selling higher. I made 46k doing that last year alone. My latest trade buying at 109 is the out of the money but I can wait.
There is no way millennials holding iPhone 6's are not going to upgrade to the 7. They will not go around with 3 year old phones.
This will go down as a major blunder allowing apple to amass the most coveted base of subs that even they could imagine. Google's attempt to get mass adoption of their OS has gone backward so bad that they now have the lowest adoption rate in their history with most on two and even three year old systems. Google is in a box with a flood of Android junk completely devoid of google products on the low end and their only real money make Samsung unsupported and wanting to build their own system on the high end where the only money can be made. The Chinese just take the free part that is Android and layer their own products giving google nada. The news will have you believe google is this great innovator when anything but that is the truth.
I suggest you consider the alternative and thank your lucky stars you ended up with an iPhone. The grief that you will have with any Android phone would have you nostalgically looking at your day spent at an apple Store like the best day of your life.
Cook had a much better experience in India then China where word of a meeting with top officials wasn't even mentioned. India is a multi year project and Cook is sowing the seeds for the next 10 to 20 years when India will really start expanding their middle class. China seems to be a short term problem that bears watching closely. I hope he gets the stores up and running soon.
Fortunately I'm not looking for any big baggers any longer. I just want to keep what I have and add a little. My score came with Netscape going to aol and a sale of 18 k at 135. After that I shorted many doctors and the rest is history. I love your story which is very much in line with where I ended up in investing. I could write a book on all the mistakes I made but I just kept working extra hard and putting the money in the market until I hit with my first big score Coleco which was supposed to be the first home computer. I got out of that company just in time even though they made a comeback with Cabbage Patch Kids. Their computer never got out before Atari and Commodore beat them to the punch.
When I first started in this business I spent hours in the library reading value line and Wall Street Week with Louis Ruckheyser was as close as you could get to free information. I read all the books on fundamental and technical investing and it cost hundreds of dollars to buy a stock with only the big houses to turn to.
Today for $10 a month I can get to read some of the most astute analysts who travel and have connections around the world. They have a narrow focus with Apple being a primary one searching patents, talking to the entire supply chain, taking apart every acquisition (which apple has made many), detail the work being done with every new hire,(apple has made many) and analyzing is exhaustive detail the big picture as apple plans to disrupt payments, TV, the car and wearables.
No analyst has the advantage now and almost all are at a disadvantage because their very job depends on getting it right in the short term.
Because of today's technology the average person can start young and buy low and with a lot of hard work become a millionaire several times over investing. You will be wrong more then you're right but you can find ten baggers and many 4 and 5 baggers on the way as you work a job to pay the bills. Some day you will retire early and live the life of your dreams. Some may even be able to do it much earlier.
Actually they think it may have been an electrical malfunction now. Donald, the idiot Trump was tweeting it was a terrorist attack before the poor relatives were briefed. He said it was 100% a terrorist attack in front of the red meat NRA. Do you really want this guy with access to a nuclear arsenal? I guess you do,good luck. I'll be out of the market if it looks like he will win.
Why can't we have a choice like him for president.
Apple makes more in profit in a year then Facebook has total revenue.
Apple with all the money and the best selling product in history is over the hill. I'll take my chances with this had been.
I love the 100 seat theatre to showcase and engage the apple base. Apple will be doing some serious expansion of stores in the next three years and all the new ones will be superstores.
If apple had done two years of 40% growth the stock would be 150. The implication that apple isn't growing with this stat shows how easy it is to beat the market long term. It may take apple two iterations to catch up to the 6 but who cares. They grew the base by hundreds of millions.