Looks like to me Icahn is content with sitting back now and allowing Apple to launch it's multiple new products in new categories this year.
Fair post. But, even Jobs never unveiled new product lines every single year. Apple is due and has promised repeated new products in new categories this year. If they don't deliver, then they're stock is going to go to $250 a share. I have to think a guy like Icahn has more information and probably obtained the assurances he needed when he had dinner with Cook. No chance he puts $4.1 billion of his portfolio into AAPL unless he has news of something big. He wouldn't bother with it otherwise. He doubled down when the stock crashed a couple weeks ago. The difference now is the board AND guys like Icahn are putting their money where their mouths are. That means a lot.
They'd be the biggest idiots in the history of Wall Street if the stock doesn't go to $750 within two or three years. $14 billion is more than the entire market caps of many S&P 500 firms. Nobody (not even Apple) splashes that sort of money around so quickly unless it's damn sure of where things are headed.
It's an astute observation and the same thing I have been claiming about Icahn for weeks now. Who knows Apple's true guidance better than the board of Apple? $14 billion is more than the market cap of many S&P traded firms. They wouldn't spend $14 billion in two weeks if they weren't pretty sure about their margins, their products and their revenue expectations. All they need to do is expand revenues by 10% YoY and this is an $800 stock. With less shares in the float, the price action is going to drive higher even faster. Icahn knows something more specific. He would have dumped his shares if he didn't know something.
He's going to have a lot of egg on his face if he is wrong about Apple. This stock is hard to figure out. Price should be up 3% on the buyback news today alone. Icahn is spouting off so much though. Does he have a history of pumping like this without results?
Major League Baseball is testing iBeacons for automated check-ins, videos related to location, ticket availability and discounts and coupons. There's going to be lots of different applications in various businesses. It's going to be a patented technology that drives more sales in the end. Not only will it add more value to the iPhone, but the revenue generated by iBeacon could get into the billions if they roll it out correctly.
Seems like $500 is the established floor. High volume, especially for a FRIDAY / non-news day. Institutions loading up. Or maybe it's just Icahn. The man knows a good buy when he sees one. (NFLX, anyone??)
Is the company growing though? That is the question. When the CEO gives guidance and it matches the same quarter from 2013, that's not growth. That's flat-lining. That is why analysts are so down on the stock, because it appears they have a tough time growing revenues and honestly, they are a behemoth and it's probably more likely their revenue will shrink.
Tim Cook: 2014 will see new product categories, with multiple new product lines. That is the thesis of Carl's buy-in. Apple will announce new products!!