look at the way it gets sold at 14.95. a short seller hoping to keep it down. not much volume yet, so until we see volume no way to know if it breaks to the upside or downside
yes, itunes revenues from gaming on the new apple tv and streaming media revenues. not yet baked into the wall street projections. after that, we have the next quarter report in a month. this time it will need to move up ahead of that report as the numbers again beat the street estimates. apple is rumored to be launching the new iphone in august, earlier than before, which will give the following quarter a nice bump up and then finally, by q4, the watch sales are moving up, apple tv is taking off and a new larger ipad stimulates huge growth. the stock ends the year at 170.
we have two big dates coming up. june 8th, the apple tv is announced. this is a major product launch, with a recurring revenue stream. and then the following month, we have the next earnings report that once again blows out the current wall street numbers. only a matter of time before apple takes off.
forget chart patterns. all the hedge funds came back from vacation and they use apple to tank the overall markets, after it ran up last week due to retail buyers. doesnt mean they actually believe apple is over-valued. just short term trading strategies.
i have never seen a single analysis of apple from a short that could convince anyone that the stock price is too high based on the fundamentals and similar company valuations. if you are looking for an overvalued company, why not head to the facebook or twitter message boards?
just let them make stupid bets again and we can start to rise soon. the apple tv service revenue will be added after developer conference and the stock will rise.
looking at the forward p/e, we have earnings of at least $10 a share in 2016. possibly as high as $12 a share and $20 in cash, for a forward p/e of 10-12. the new camera, forcetouch and sapphire screens on high end models will drive plenty of continuing upgrades through the next year.
soft launch should be a time to fine tune gameplay, not deal with stability and load time issues. i'm heavily invested in king and think it can fly if it just launches a few titles into the top 20 grossing charts. paradise bay has potential, but quite frankly z2live has a track record of games that lose traction over time and i dont know the reason for this. look at the reviews for alphabetty versus paradise bay - much better and no stability issues.
because apple has a higher beta and was close to new highs. big deal. it also had moved up more than the dow in the past weeks. apple is coming up on june 8th and more price target increases after the new apple TV services are factored in.
checking the reviews for paradise bay on app annie and there seem to be alot of negative comments about the game crashing and the changes that force players to wait longer for resources. but the game does seem to be generally quite appealing. they better work out these kinks, because the game can be a great earner, but not if they frustrate players. i am worried that z2live creates games that are technically glitchy and create frustration that will tend to push players away. king has enormous opportunity to launch games, but seems like the game development teams need a kick in the behind. come on king, time for the game development teams to get their act together. your marketing teams are doing things right, but without decent games, they must be really tired of waiting for something to market.
the flat to down earnings are primarily a function of no new games for 6 months. that is an extremely long time for a game company. that huge user base is a major advantage, but they only leverage it with compelling new games to play.
interesting that you compare it to apple, another stock that has been grossly misunderstood and undervalued by the market (and still is). compare king to gluu at a 27 p/e and king would have to have profits cut in third to have a similar p/e. i do think the market is getting set up for a major fall when i see how momentum seems to be much more important than profitability. i still believe it will move past 15.25 to 15.85 resistance next week and bounce around under that resistance until the next game launches. if paradise bay gets into the top 15 or 20 grossing, the stock is going to move up fast. but the jury is still out on how they do in non match type games.
apple will differentiate on security and continue to grow sales.
will continue very nice growth. looks like apple will pull the iphone launch forward, which will mean more revenues in that quarter. then the watch and the new apple tv plus a new larger ipad will keep the growth going into the final quarter. this year apple keeps rolling and the stock rolls up to 180 by year end