I disagree. Smart phones are subsidized by mobile contracts than it's a matter of how many people go off contract to trade up.
I think there will be pent up demand for the larger crack resistant phones from Apple.
By the way do you work for "Hacks"? I see they just came out with a new blurb on GTAT and AAPL. At what point did those dolts increase their rating from a sell to a hold.
Don't worry at some point if and when this breaks out of the channel I'm sure said dolts will make it a buy.
Yes, I rarely watch either but I guess all the geniuses are watching MSNBC where the government should be running everything because Lord knows they've done such a great job so far. ;-)
Back to GTAT which unless the government screws it up for us we'll continue to make a lot of money on the long side.
Yes it's growing a tad late but they still have nearly 2.5 trading day's to blow smoke up peoples' wazoos.
Perhaps they will wait until after the results to try and sell an upgrade or reiteration of a price target.
I tried posting a few minutes ago but my post was blocked by one the filters for mentioning a site.
For those interested their is another excellent bearish article on Seeking Alpha by Franklin Pierce.
He's obviously a bear but for those that evaluate their investments while considering math and accounting I would encourage all who are invested long or short or thinking about it to take a look at his article.
I agree that this is a speed bump based on the fact that the new product should have ultimately offset the old product. It would have been nice if they had not missed it but nobody's perfect and these guys have been very, very good.
Still not a ton of shorts although a lot more than previously at 283.6k as of 7/31/14.
Glad to see the company out with PR's twice now in the last 4 weeks post earnings trying to exhibit that the business model still works in case anybody needed confirmation.
Oh and I agree with the component miss here, only themselves to blame but I'm looking much more broadly than that at the economy.
The Central banks around the world have a lot to do with what the market is doing.
Overall the economy here is slowly improving but globally the #3 and #4 economies just posted negative GDP quarters in Japan and Germany.
The market is doing well but that does not mean all is well IMHO.
10% earnings growth in Q2 sounds great for the US until you realize about 7% of that was driven by buybacks.
If you simply say the market is great so everything must be great I don't agree.
Things are much better than 2009 and hopefully the recovery continues. There will be bumps along the way.
BS. You said they put Apple and Sam Sung out of business. Are either out of business?
So you are full of it.
otto the dooshbag here to self promote and save the day. Sounds just like steindl76, why not just post as dooshbag so the name matches what the reader is thinking about the poster after reading.
Please work on that otto.
Hilarious. They have put AAPL out of business? I'm relatively sure that AAPL made more in GAAP profits in any of their most recent quarters than Scamazon has made in it's existence.
Try again. Come up with better lies.
I didn't read it that way but certainly he may have meant that.
The reality he has no idea as there has been no public information to say that ZZ has sold.
Would I be surprised if he sold some? No, that's his right but hopefully nothing meaningful like the majority of his position.
Let's face it, the global economy is not exactly hitting on all cylinders to say the least.
That said, this is still a growth sector and a growth company with an excellent business model IMHO.
Is that really called for?
Do you really get pleasure when other people might be experiencing pain?
It's pathetic and karma will certainly have it's day.
I've been bearish on this sector but I think just being nasty on a message board and kicking anybody when they're down is simply not right.
Just do unto others and maybe the sun will shine on you.
Good question. Perhaps Monday and Tuesday?
We know the growth will be there just based on their model for reporting but will it be enough and will costs continue to grow faster than revenue?
No matter what they report I'm sure we will hear or see written the word "fabulous". That's got to be a given.
I guess it's the old saying money talks.
What good is the patent system if big money simply steals patents and pays off those who have the power to overturn verdicts?