in any event there will be a lot of cannibalism in their future sales and aapl has nowhere to go but down. They have been on top of their game. Looking at other companies like Blackberry, Nokia, MSFT, etc, they all declined once they have been on top of their game and it took them years to recover, if. Apple is also building a double top from a technical perspective. The down side could be significant.
There is only one reason one would sell, being that one thinks the price will go down...
Previously I posted several messages about Apple to consolidate to the mid to lower ninety range. The posts were based on several articles (barrons, WSJ, etc).
I’ve owned Apple several years ago and rode it up to the 660 range (pre-split). I’ve decided then to roll the proceeds into Gilead, which did very well while Apple continued to 700 pre-split (100 post-split), but eventually declined to the upper 400 range. With Apple finally trying to catch up and releasing new products it’s time to assess the situation.
Apple had quite a run over the last 5 month going from 75 to 100, an increase of 25 %. This is quite considerable for a company this size. Overall Apple shares are up 82%, to a recent $101.66, since hitting a low of $55.01 in April 2013, trumping the market's 28% return in that time.
However sales have diminished and there have been diminished expectations from investors until about 6 month ago. Sales are expected to rise 5.5% this year, down from growth of 9% in 2013 and 45% in 2012, before rebounding to 10.5% next year. Gross profit margin has fallen from 43.9% in 2012 to 37.6% last year and 38.6% projected for this year.
Apple trades at 14.4 times next year's projected earnings per share of $7.08.
For the fiscal year ending this month, current consensus of $180.3 billion in revenue is actually lower than the $181.8 billion estimate back in April. But the consensus for next year's revenue, $199.3 billion, has actually risen from what it was in April, $193 billion. Clearly, people have higher expectations now than they did a while ago.
With that I believe the business is sound for the foreseeable future. I still believe that the stock got ahead of itself as a valuation over 100 or 110 would reflect too much expectations. I still believe that the stock will consolidate into the lower 90 range. If that happens I’ll re-assess and might be a buyer around 92.
by by apple, if not for the cool factor what else is left
Well, I've been making money the last year while you were sitting on losses or stagnant apple price. I've been up over 40 % last year, and that's pretty good on a seven figure portfolio. This year I'm up over 20 % so far. How are you doing with your 3 apple shares?
You will make some money. The stock will go down into the low 90's. I would cover around 94, maybe taking first profits around 97.
Watch and learn Moron. Goldman Sachs moved Apple up for a hype and dump action. Once the price is around 90 the technicals may catch up with the stock and it may look like a double top then. Just watch out that all I'm saying.
I think Apple pay disappointed greatly. First it was not mentioned much and there is no innovation just collaboration with the credit card companies.
I do agree with the statement above about note 4, especially note edge. I can't wait to get one. I actually ask to get put on waiting list. I don't know any single feature on the new iphone which is not already done by other phones, so apple is just catching up on the latest development.
I agree with that, maybe even some less.
The phone are just trying to catch up with the latest and greatest and didn't present any innovation.
The watch is a nice gadget, but there are other watches out. I just can't see much value / revenue bringing to the table.
The big disappointment was the payment services. No innovation at all, just collaboration with the credit card companies.
Apple is a cash cow until technology catches up with it and it will die just like Nokia, Blackberry, etc, Until then you may get returns, but watch out for the day...
With all the bad news about AAPL it will implode.
There are several articles out there talking about the end of AAPL as it comes to an end of the cycle.
Sentiment: Strong Sell
I now believe that AMGN can hit 150 before the end of the year. I think AMGN has a real potential for hitting 150 in two to three month...
Sentiment: Strong Buy
Gilead going red just means one thing, that market makers need new shares before they can take it higher. Otherwise they don't have enough shares and can't make money. They need to pay off their summer house in the Hamptons and the Ferrari.