Why? Because we're awaiting iPhone news. This isn't really a mystery to anyone with more than 3 minutes of trading experience. When we get iPhone news and/or new models/price points, you'll see the stock move up. Until then, we're mired between $400 and $450. And that's where Apple wants it, as they buy up tens of millions of shares.
Apple is trading *exactly* like some of us expect it to. It's stuck in between $400 and $450, until the next iPhone line(s) are released, and/or we get a China Mobile deal and/or iWatch. This is a magnificent time for Apple to buy back its own shares, and I'm guessing they are. They, more than anyone, want this $400-$450 trading range to last well into the fall, as they can buy up 50-75 million shares and crush future eps when they sign China Mobile, release iWatch and iTV, as well as future models and price points of the iPhone. This "lull" in the share price will eventually be viewed as genius, especially when the stock is sitting at $800 about 12-15 months from now.
Several things will cause a "pop" but we're not yet near them. We need one, or all, of the following:
-Low cost iPhone for emerging markets. My guess is there will be a China Mobile ONLY phone and a mid-priced $399 phone.
-Ramp up of iPhone 5S's supply chain.
-China Mobile deal (my guess is that this will be announced in November).
Until at least one of these is announced, there won't be a "pop" and we'll continue to trade between $400 and $450. And that's okay, as Apple is (hopefully) buying back shares.
Uh huh. That's why 64% of the folks at the WWDC were first-timers. The brand has never been stronger.
They're gobbling up 60 billion in shares at a deep discount. Let them clean up the messes left by Jobs (no streaming radio a decade ago like Pandora, allowing Samsung to thieve all technologies by not making them sign a non-compete, allowing Eric Schmidt to sit on the BOD and feed Google inside information, no multiple form factors on the iPad or iPhone, and no plan for the cash). These things take YEARS to fix and TC is doing ALL of that. The messes he inherited take time to fix. His first moves, the promotions of Ive and Federighi will begin to pay HUGE dividends this fall. Just watch. Tim Cook knows exactly what he's doing and this is a proven team of winners. Stock will hit $600 by early 2014 and perhaps sooner.
You give the "cult leader" far too *little* credit. He instilled a few things before he left. The first was vision. Apple is thinking forward and the ouster of Scott Forstall and promotion of Jony Ive is proof of that. Ive has, much like Steve Jobs, the uncanny ability to create what people think they need.
Jobs also left, my guess is, a product cycle and vision of at least 10 years. Ive and Federighi are every bit as formidable as Steve Jobs. iOS, for the first time, really has the aesthetic beauty to match the unparalleled user experience and ease.
Lastly, you assume that Apple doesn't have a plan to cannibalize the iPhone with the next giant product. Again, you're obtuse in your thinking. I firmly believe that they do not create ANY product without first imagining its successor. This theory seems to be fully backed by them doing so each and every time. And they'll do it again.
The beauty of the hardware will now be matched by the aesthetic beauty of the software. It's been a longtime coming, too. Scott Forstall's work was nothing short of mediocre.
Absolutely right. They continue to buy shares at a great premium. When we hit $50 in eps with today's share total about mid-late next year and only have 850 million shares out there because of the buyback, eps will be about $58 per share. Slap on a 13-14 p/e and you'll have a $754-$812 stock.
Today was an amazing day. I think iOS 7 is beautiful and will really resonate with consumers and users. Pretty much hit a homerun with everything they delivered. Can't wait for the new products this fall.
About $.50.
You two goofballs are lame. Same nonsense, every single day. Listen, most people with a brain realize that the stock is stuck between about $400 and $460 until new products are announced this fall. You guys act like you're omnipotent geniuses. The reality, though, is that you're sad message boards trolls with absolutely no vested interest in Apple, long or short. This deflated stock price is like Apple shopping at a discount. They're buying back several million shares per week, and doing so at a tremendous discount.
Growth will return this fall and the stock will be back over $600 by early next year. And that's when the current concept of delaying product launches to move Samsung completely out of the supply chain, while accumulating shares at a deep discount, will be seen for what it is ... truly genius. In the mean time, we're stuck in a bit of a rut, but collecting a decent dividend along the way, and some people actually have the luxury of dollar cost averaging in and lowering their average price per share. And that's pretty cool, too.
My point is that we're being forced to wait for a bit longer for refreshes and new product categories because Samsung *needs* to be eliminated from the supply chain, first. The rest of your post I can agree with. The tech world moves ahead fast and I think Apple knows that. They also know they have a huge copycat in their supply chain, and in order to keep their (Samsung's) mimicry cycle as long off as possible, they must be flushed from the supply chain. And they will be.
The same can be said for $25, $50, $75, $100, $125, $150, etc.
Nothing to do with Tim Cook. The products will be done when they're done, regardless of the CEO. Tim Cook is cleaning up the massive mess left by Steve Jobs, which includes:
-The incredible task of eliminating thieving Samsung from their supply chain. This is the fraud of the millennium, and SJ made the gross mistake of not making Samsung sign a non-compete in Apple's market place, allowing them to mimic all of their technologies.
-Allowing Google's Eric Schmidt a front row view of all things Apple. His being privy to Apple's plans and technologies allowed Google to produce Android, a cheap knockoff of iOS, but one that sold well.
-Product delays, which are the direct result of Apple's innovation not being able to move forward until thieves and copycats are completely removed from the supply chain. Expect iTV, iWatch and incredible iPhone innovations once Samsung is *completely* gone.
-Apple's late-to-the-game inclusion of internet radio. This should have been here some 5 years ago, but the foray instead into "Ping" was a total disaster.
-Steve Jobs' refusal to replace Scott Forstall and his outdated iOS with Jony Ive. This was probably a case of SJ being a bit too loyal and not wanting to be outshone by Jony Ive.
Tim Cook has had a few minor gaffes, but most of the company's stock decline can be attributed to the churning of the shareholder base (from growth to value/dividend) and some humungous oversights in the waning years of Steve Jobs. It's just more fun to immortalize the deceased guy and pick on the guy that's alive. But that doesn't mean it's justified.
Total nonsense. The iPhone has wrapped up the high end smartphone market and now it's time to address other price points. People that bi-annually refresh their higher end iPhones will continue to do so. This will simply eat into Android's mid-range lead, and do so with a phone that doesn't command 97% of malware ... like Android does. The defections will be swift and they'll be plentiful. And most importantly, they'll be done at a nice profit.
I disagree. The stores don't make the products successful ... the products make the stores successful. Retail, in Apple's eyes, isn't about "strategy," it's about experience. In the end, it's all about experiencing great products, and if that ever ends, so will the success of the stores. But I don't see that happening anytime soon.
The ban will be appealed, giving Apple a 120 extension and time to work around this issue. Ultimately, this issue will have little to no bearing on anything.
iWatch and iTV production has reportedly been delayed until Samsung is completely out of the supply chain. Makes sense, too. Don't give them 6 months to begin copying your latest technologies. We're going back to the old days, the days that saw them at least a year behind in technology. While it has created short term pain, it's the absolute right thing to do. And it doesn't hurt that Apple is buying up shares at a deep discount. This will propel earnings when the new products start ringing up profits.
Perhaps because he's one of the world's best CEO's? Perhaps because the current "pipeline" is Jobs', not his? Perhaps because he has the full confidence of Jony Ive and all of the other incredible designers and engineers at Apple? Perhaps because there are some amazing products that will be released when the time is right?
That's not really an impressive number by Samsung, considering Apple is in less than half of the Chinese market and they haven't even offered a low cost iPhone. If anything, it shows that Apple has the high end market and will eventually also have the low end market. 12 million for Samsung, mainly cheap, low margin phones and 6 million iPhones=advantage Apple.