We will be inundated with Star Wars branding products (xmas gifts) and hearing sold out #'s for movie attendance which will make news and propel investors to jump on the Dis stock bandwagon, I see $125 to $130 end of year, jmho
They beat on earnings and are being penalized because they are off $60 million on revenue of $13.51 billion earnings vs. the street expecting $13.57 billion, we are talking less than 1/2% off. Smart money will be buying tomorrow with all the good stuff happening in the next quarter.
they raised because they can, it is still a bargain and this won't diminish the customer base didley squat.
They announced their price increase ahead of earnings. Now that means they have enough good news to report without the help of the price raise. If they were hurting ,don't you think they would save that tidbit of news for earnings day. I say they blow out earnings hit $130 or better. jmho
A co. would only do it if it had the confidence it would work. Look at Disney raising it's season pass, and it is only a buck for new customers, so existing customers are going to think they are getting a bargain, very smart and righjt down to the bottom line
Apple knows that the iphone can't continue to produce the majority of it's profits so it is trying other things that will keep the billions rolling in .
Target is the first of many companies, medical institutions and organizations to buy massive quantities of fitbit products, watch for the upcoming announcements coming soon and don't forget the xmas season as well.
The aapl event did not generate a lot of noise about innovation but what other tech stock offers a reasonable pe, double digit revenue growth, large cash position and high margin products aapl is just a solid earner year in and year out.
Apple has a great growth rate, a decent divvy, a low pe and $200 billion to innovate and take over and do it better than any other tech co. can attempt. Don't mess with the 800 lb gorilla.