I would say all the bad news is already baked in the stock and more. Even with zero growth AAPL is still undervalued. AAPL growth slowed down not because people are switching to other phones and products but holding off for the new upgrades/products.
I honestly cant find a better stock to invest. could you name one?.
1. Massive $60 Billion Buyback: Apple is doing what CFO Peter Oppenheimer described on the conference call as the largest share buyback in the history of the stock market. Apple is upping its $10 billion buyback to $60 billion, which at today’s market prices, would represent about 16% of the outstanding shares. The adjusted share price to maintain market cap would put the stock somewhere around $464 today, based just on the news of the buyback.
2. Dividends Increased 15% to $3.05/Share: OK, so 15% isn’t a massive dividend increase, but annualized, it’s enough to make a difference.
3. More Cash in the Bank
4. EPS and Revenue Beats
5. iPhone and iPad Numbers
6. Record Sales from iTunes Store
7. New Products Coming This Fall
Sentiment: Strong Buy
The best sign for me is that AAPL is investing 60 billion buying back it's own shares. Do you know how many companies they could have bought with this amount?.
They know that the new products are going to be amazing and stock with go back to the all time highs. You can wait but by then the stock would be up 20 percent.
Small investors are totally spooked by negative propaganda via media or they stupidly think they can short and make money. On the other hand funds will look at this as a great opportunity to add or start a new position.
I am sure the stock will get a lot of positive comments and upgrades today.
So you can see how over sold AAPL is.
If you are short you should go long ASAP because AAPL is going to be accumulated by big funds faster than you think.
yeah if any other company said the same , it would have been a amazing news but with AAPL everything translate to negative these days!!
I am sorry but unlike you I dont invest per Cramer the clown advice.
He says what he is paid to say and I hope SEC go after his ugly old A&& for stock manipulation.
All these issue are already priced in but looking pass the June quarter , AAPL is going to have amazing new products. Yes if you area trader you can play with stock until then but I am parking my money in AAPL and getting a nice dividend while waiting.
When Cook was asked about the iPad in the enterprise, he referred to a statistic from mobile device management company Good Technology, which had said that 77% of its device activates are for iOS-based devices.
That’s a good question. My view continues to be that i Phone 5 has the absolute best display in the industry. And we always strive to create the very best display for our c ustomers. Some customers value large screen size. Others value also other factors, such as resolution, color quality, white balance, brightness, reflectivity, screen longevity, power consumption, portability, compatibility with apps, many things. Our competitors have made some significant trade-offs in many of these areas. In order to ship a larger display. We would not ship a larger display iPhone while these trade-offs exist. Does that answer your question?
Gene Munster, an analyst at Piper Jaffray Cos., talks about Apple Inc.’s fiscal second-quarter results, strategy in China and the company’s product lines:
“New product categories” is probably the biggest headline and, ultimately, the buyback is what it is, but for Apple to be a grwoth story they’ve got to continue to innovate. I think there’s just been this belief that Apple’s innovation period is in a lull or even stalled out and I think that’s probably the biggest takeaway [from today's earning and conference call] that we’re going into a good year…
“In the beginning RIM was the strongest player. Of course today our top competitor form a hardware point of view would be Samsung, and married to Google on the software side. They’re obviously tough competitors but we feel we have the best products by far… continue to feel very confident about our product pipeline. We have the best ecosystem by far. We’re going to keep augmenting it and making it better and better. I feel very good about our competitive position.”
If longs keep their shares eventually they will be rewarded. I am surprise that people dont realize how strong AAPL has become due to their hardware, software and ecosystem .
You will never find such chance to buy something so valuable so cheap.
If you are long hold or buy more.
"We just had our best quarter ever in Greater China," Cook said. "Revenue came in at $8.8 billion. That's up 11 percent year-on-year. It's the same as Apple's growth."
Cook went on to tout Apple's growing number of Chinese points of sale for its iPhone, which now totals roughly 8,000. The company plans to double that number over the next two years.