1,000 percent increase in AAPL stock price in 10 years... not too shabby. Even with great innovative product companies don't always make money. Tim Cooke is a wizard at supply chain management which is why Apple has consistently made such huge money.
I agree totally. Apple's P/E and price has been one of a value stock rather than growth stock for a couple years now. Growth stocks do not carry a PE of 9-10. GE has a PE of 15 and they are definitely not a growth stock. Apple's iPhone business is not going away anytime soon. It is the most popular smart phone in the world and that in unlikely to change anytime soon. Most of the people I know either have one or want one. Their kids all want one too. I live in Asia and the iPhone is a status symbol of wealth, everyone desires to have one. Traveling I see 90% of people at airports use iPhones which translates into people with wealth like using iPhones. We may see more downward pressure on the stock but the value is here and it will recover quickly when something positive hits the newswire.
HDDs are not going away. For 2016 analysts say HDD takes 80% of drive market while SSD gets 20%. The SSD is still way more per Gb than HHD so the decline will be over several years. WDC knows this and that is why they bought Sandisk. Then add in the forward P/E for the next year is about 6 and you have a great buy at the current price. This is only my opinion of course. Then you do have the 5% dividend as well.
Obviously you are a SHORT troll....... but for those others interested in MU I say this:
Micron is not the same company it was 3 years ago. You can look at it's stock price down around $5.00 a couple years past and think it will go back to those levels. I say it won't because it bought several other companies and it worth much more now. Currently the share price is less than book value and the memory industry is in a state of excess product thanks to Samsung flooding the market. This happens every few years but it will not last. Never does. Then we have X-Point that will impact their business in the next 12-18 months and improve things quite a bit. I see the current price ( below book ) as a good entry point even if it is not the absolute bottom. Remember Sandisk was just bought and Micron has seen interest in the past year...... unfortunately it was the Chinese and the USA didn't approve. The world is going from HHD to SSD and Micron will be a big player.
I don't know if it will be Seagate considering they are much smaller than MU. I would think INTEL would be the buyer in that they are huge and it would be easy for them to buy Micron. Plus they are partners with MU in the new flash technology and this give them the whole package. Micron is selling at book value and things should get better for them in 2017. This is the time to get a position.
The last time I visited your mother I gave her an iPhone and she was so happy she said next time it would be no charge for her services.
WDC is dropping like an oil drilling firm. Even Seadrill and Transocean are doing better today. NEWS FLASH people it is Western DIGITAL not DRILLING !!! Hard rive are going to be around a long time even with CLOUD services. WDC is a great buy at a P/E of 7 with a 5% dividend. Plus with Sandisk they also are a flash memory player now.
"Becomes an issue when the older phones are more than good enough..."
Since when do people not buy something because their older product still works & is good enough? If that were true the clothing industry, the watch industry, the auto industry, the housing industry, the TV manufacturers, the cell phone industry and many more businesses would be out of business. People have too much money and want the latest and greatest products.
It is a non-event in any case. The iPhone was his work phone and most likely had no terrorist related content. His other 2 personal cell phones he destroyed before being killed. That should tell the FBI something...... or are they not smart enough to figure that out.