It was only a matter of time. Another casualty of Apple's juggernaut.
Looking good so far. The average PE is 18 now.
Hmmm....so the stock was $75(post split price) on 3/19 when he trashed AAPL on CNBC. It's now $94.
Again, I say, BAHAHAHAHAHAHAHAHA.
Yep, the investors know samsung will get killed by apple.
I meant greater than $500 phones.
First of all, iPhone shares are UP in the states. It's only down when you include the whole world INCLUDING the third world countries where they can't afford iPhones so they end up buying cheap $50 androids(yes, even samsung makes those). So, saying the shares are down is VERY misleading and you're not seeing the true picture. If you just look at the $500 phones, I bet world share for the iPhones is actually increasing.
Now, to put it in another way, once the smartphones becomes saturated, the iPhone shares will stop declining and it will go UP. That's because the huge influx of new cheap android owners will stop when they all have the phones. The ONLY way android will gain marketshare is then to convert iPhones to android. That's just not possible because there's way more people converting from android to iPhone.
Sorry for your loss. You should cover now though, before you loss becomes infinite.
Well, all you have to do is to look at the previous dividend dates and see how it performed.
According to various court records and people who have worked with Samsung, ignoring competitors' patents is not uncommon for the Korean company. And once it's caught it launches into the same sort of tactics used in the Apple case: countersue, delay, lose, delay, appeal, and then, when defeat is approaching, settle. "They never met a patent they didn't think they might like to use, no matter who it belongs to," says Sam Baxter, a patent lawyer who once handled a case for Samsung. "I represented [the Swedish telecommunications company] Ericsson, and they couldn't lie if their lives depended on it, and I represented Samsung and they couldn't tell the truth if their lives depended on it." -- Vanity Fair: The Great Smartphone War.
There will be more trials for more phones and more patents.
If some apple-hater points out apple stock used to be at 700, then I would point to google.
The PE should AT LEAST get back to average SP500, which i believe is 16 or 17 right now. That's another 15-20% from here. However, it should be BETTER than average SP500, which leaves large upside left in this stock for now.
Is it really that cheap? That's still like $14 above today's closing price. I think that's actually typical for aapl.
What a schmuck.