They'll wake up.
Check out the video. The owner was stunned and so should we. Apple is seriously giving you video alone that beats spending 4k on a camera and apple's phone does so much more.
It's very simple folks. There are a number of areas of growth under "other" that need to get going. The new iPad isn't out yet, apple pay has to wait for ubiquity, the watch is not being marketed properly yet, apple music is not a money maker and has stumbled out of the gate and the streaming Tv service is still being worked out. Meanwhile the iPad franchise which is the number two revenue generator is still retreating.
Apple is now an iPhone company and the comps for Q1 are daunting. Short term we are in limbo but this to shall pass,why? Because the phone continues to generate enormous amounts of free cash flow, the dividend will be raised, the buyback of stock will continue and the iPad plus will jump start apple in enterprise, all stores will be offering apple pay very soon, apple music will evolve and make money and apple TV will be huge hit for the holidays only getting better with streaming. The watch needs better marketing third party apps and some high powered celebrity sponsors.
That's the inefficient market short term. Luckily apple is buying millions of shares on my behalf.
India is a carbon copy of China in that the talking heads don't recognize the growing middle class and the lack of marketing and the avenues that have been shut off to apple until now. In China there was the gov't, the lack of stores, the channels to sell, and the fact that the carriers are only one year into 3/4 g speeds necessary for using the iPhone along with the larger form factors. Now that is changed and apple is flourishing. Tim Cook is using the same blueprint in India meeting with leaders, cultivating channels to sell into and devising a way to buy the iPhone on a payment schedule. Why can't they see apple getting from 2 to 10% in India is just another of the mysteries of underestimating apple.
Apple has lit the fire under the carriers and used their proxies Spring and Tmobile to force the hand of Verizon and T. This is, indeed, a big story not factored into the stock. It, in effect, renders the iPhone a steady annuity for shareholders with increasing recurring revenue and amazing profit margins and cash flow. Sooner or later the PPS will reflect it.
Last I checked apple was getting close to 20% of China Mobile subs. My math tells me one carrier China Mobile can provide apple with north of 50 million subs. Doesn't anyone understand why Tim Cook smiles when questioned about iPhone saturation. It has miles to go before it sleeps,miles to go.........
Back in the day in their early growth stage I had 500 shares each of Amgen, Microsoft and Intel. Any one of these had I held would have been worth multiple millions of dollars. In hind site you can't imagine how you sold companies on their way to greatness but the market is the ultimate in getting things in your head and causing premature sales of stocks. The problem is sometimes they are correct and sometimes they are totally wrong but know they are great at spreading fear and fostering greed. I believe apple has another double in it from here. It's no longer the elusive 10 bagger but a great stock for the next 3 to 5 years.
The Chinese middle class is growing by the millions every week on a trajectory to half a billion by the end of the decade. This growth is clearly seen in the number of 3/4G sub growth in the three carriers and their uptake to apple products. The numbers are staggering and apple need only get a piece of the pie.
Other then that Apple sucks
Q4 is over and everyone is looking to Q1 for comps so why would this be a negative.
Now you can go back to your bunker with your freeze dried food because the world was coming to an end if they elected Obama. Dream about your fantasy island with your fantasy plane and your fantasy life. Talk about DENIAL
The problem with Apple is they have to do something never been done before. That scares a lot of people. They look at iPhone saturation and iPad declines and conclude that apple can't grow. They don't understand China's growth potential nor do they see how apple has tremendous growth potential in Enterprise. They also don't grasp the enormous cash flow and the real possibility that foreign monies will be repatriated in the next few years. Most of all they can't correlate the approaching billion credit cards with future services that will produce recurring revenue models. I love apple and will not sell a single share until it reaches 150 but I do understand the argument of proponent o the law of large numbers. Up until Apple it has turned back every stock that has approached a trillion market cap.
There is a list of things Cook has done from the small iPad, the large iPad, the large phone, trips to China, and most importantly the deals with IBM and Cisco all things Jobs would never have done.