Recent Comments:
Cash-rich Apple (AAPL) offers 'rare opportunity' {BloggingStocks}
Nov 27th 2008 10:38AM Not to mention that the NYT/David Pogue just completely destroyed the Blackberry Storm as "drenched in bugs"...looks like major upside from here for the iPhone...
Apple (AAPL) shares still a bit pricey {BloggingStocks}
Jan 17th 2008 1:05PM Fred--you sound angry. Maybe you missed the last 24 months of upside on this stock and now you are lashing out. Whatever.
Your characterizations of Apple the company sound like the typical, late 1990s, "once-ailing Apple Computer" bias normally found in uninformed media outlets trying to pimp a story to the unsuspecting public.
For example, saying that the Mac "was designed for people who are too dumb to operate a real computer" is utterly ridiculous. The Mac represented a new vision of what a computer is and how it should be used. This vision appealed equally to "smart" people as well as "dumb". In fact, you'd have to be "dumb" not to realize the benefits that the Mac introduced to all people and which have become ubiquitous in ALL computers today for ALL users.
Finally, your criticism of the iPhone and its "LOTS" of problems is the "dumbest" part of your entire message. According to independent studies, the product has overwhelming customer satisfaction levels not only for Apple but for the entire industry. No wonder it has gained 20% marketshare vis-a-vis its competition in smart phones in under 1 year!
O2 claims iPhone is its fastest-selling device -- ever {Engadget Mobile}
Nov 19th 2007 11:12AM >>The likes of the LG Viewty, HTC Touch Dual and others will get you noticed for a lot less money, plus the expandable memory will hold all the MP3's you want.
Wow...you guys really are clueless over there. HTC=Windows Mobile. Does HTC stand for "Hold the Crap"? In the US, if you are caught using Win Mobile, you get sent back to the UK for being too stupid. And the LG Viewty? Did they dig that design up from a 1970s Dr. Who set? Seriously, that thing is UGLY. You'll get noticed using those two products for sure: noticed for being a twit.
Piggyback Investing: Navellier likes AAPL, CSCO, ICE and SLB {BloggingStocks}
Aug 20th 2007 1:13PM I don't get why Apple is "priced for perfection" when it has a 32 PE and a 70%+ growth rate...
Apple outlook: Why AAPL is on its way to $200 {BloggingStocks}
Jul 13th 2007 2:49AM "Apple's fiscal year 2007 comes in at $24.5 billion and EPS comes in at $3.80; fiscal year 2008 revenues at $31 billion and EPS at $4.50-$4.60. Fiscal year September 30, 2009, revenues at $38 billion and EPS at $5.50-5.75. Stock target at $200."
OK, let me just say that I'm glad you're not my investment advisor.
a) first off, the company's already got $2.01 in earnings in the bag for the first two quarters...so you're saying only another $1.50 for the next two quarters? If that happens, the stock will be heading DOWN!!! BIG TIME!!! $3.50-$3.60 this year would be a MAJOR DISAPPOINTMENT--don't spread stuff like this because it can only hurt the story.
b) assuming you were right about this year, then a $4.50 for next year is only, what, less than a 20% growth rate in earnings from this year? Say goodbye to your little 'ole friend high 30s P/E we've got going today with those numbers. Do the math--even with a generous 25 P/E (which is what your numbers would mean), you're talking a $110-$115 stock price. NEXT YEAR--MAYBE WORSE AS PEOPLE WAKE TO THE REALITY OF VASTLY SLOWING GROWTH PICTURE.
Here's reality:
1) Apple did about 75% growth in YOY earnings growth in Q1 (0.65->1.14) and 85% growth in YOY earnings in Q2 (0.47->0.87). Split the difference for the next 2 qtrs (80% growth), and they need $0.97 at this month's announcement and $1.11 for Q4. That's $4.09 for THIS YEAR. That's basically what the street has ALREADY PRICED INTO THE STOCK.
2) Then, for next year, FY08, _minimum_ 30% growth on the $4.09 number, or $5.30. In FY08, not 09!
Fortunately, they will do this and a lot more...iPhone service revenues alone on 10m subs can add $1B to the bottom line next year--that's over $1/share in earnings, just on service, over this year. And they are going to blow away 10m units--they will do that in this calendar year alone easily.
