Heres' the problem with your opinion. What tech company will they buy? There is only one making money hand over fist. Unless tech is going to be taken completely out of portfolios apple will have to go up.
Has he said one right thing about apple. That's why his guarantee is 400 points wrong.
The stock market remains the only place in town to make money. With several areas of corporate america showing weakness we will see a flight to quality. If apple can overcome the currency questions then apple will see money coming in.
If apple can overcome to dollar strength then a lot of money is going to come in. If not we go down short term.
Millions of people who upgrade to every new phone no matter what. Why wouldn't they? You can sell your 6 and get the 7 for the same price.
Let me give you some sage advice after watching the market every day for 40 years. Never expect anything short term in the market and never ever invest money based on what you think will happen on any given day week or month.
In IBC land paying on time is a subsidy. In other words any home mortgage is a subsidy and any car bought on time is a subsidy. I'm trying to debate a moron,shame on me!
Record sales of computers are now a disappointment in IBC land. You said 360 was guaranteed and it went well over 700. You never made a penny on apple because you are a #$%$ feeding at the bottom. Four paragraphs and not one sorry I was so so so wrong,LOL.
Stop talking about apple. Just zip it. The plus is $100 more and everyone is upgrading to 64GB for $100 and it costs apple about $10. Positively gross margins are rising. Stop going to the slums for phone info and sneak into a good hotel before they kick you out for vagrancy.
The man touted every dotcom stock as a broker causing losses in the billions for thousands of investors. At the same time he was touting he was trashing those same companies in private. He knows nothing about apple's business model and even less about what is in store in the future.
It's been about three years since apple TV has been updated and several months since we heard a peep out of Jimmy Iovine, Dr Dre and Beats music. Apple is planning something big and I believe in the next six months we will see what Steve Jobs was talking about when he said he cracked the code. The result will be a very compelling streaming offering that includes music, gaming and apps along with a SIRI controller able to operate as a remote for Apple Home appliances. This will realize the words of Steve Jobs when he referred to apple breaking the code.
In addition apple will reinvigorate the iPad with a large screen model with heavy Enterprise applications ushering in the promise of their partnership with IBM and making apple a player in business and a force to be reckoned with. The growth in this area is very large.
Apple pay will begin to show ubiquity and all retailers will realize that IOS owners trust the brand, will use the product and will not use a competitive entry.
The watch will begin to show its awesome utility and its future as a mainstream product selling more in their first year then any apple product that has come before.
Sooner or later apple is going to have a very delicate task of confronting xiaomi's blatant patent violations. The problem is the Chinese gov't will protect their own. I fear for this dev't.
He is worried about the next iPhone. He never mentions a billion of the most coveted credit cards known to mankind trusting and spending on everything apple. Does he not realize that apple will monetize these/us/me with all kinds of delicious offerings? This will translate to recurring revenue in the tens of billions.
Using Apple Pay in conjunction with PGA tour will make them eligible for rewards. People don't understand the unique business model apple has forged with the cards doing all the heavy lifting.
It is astounding growth
Don't forget that each point is really 7 accounting for the split. 60 would be like a 420 point jump. The market cap would explode.
Most longs have read the bogus warnings coming from China on various issues that came from a communist government always wary of foreign influence. As apple gains more and more traction with the people I expect they will run into problems with the gov't. At any time this can escalate to a warning or worse a ban on apple products. This could be a major negative on the PPS. It must be factored in when buying or holding the stock.
No matter what the beat apple will go up or down based on guidance. We know apple low balls or is at least very conservative. However they should by now be able to gauge demand in China and if they give guidance at the high end saying china is off the charts Katy bar the door.