First of all, God bless this stock. Secondly, allow me to help start the hype about Apple possibly bringing out a new product or changing the para-diggum : http://www.forbes.com/2007/07/25/ap...s-equity-cx_bc_0725markets38.html?partner=msn ----------------------------------------------- Apple Tips Its Hand Brian Caulfield, 07.25.07, 7:22 PM ET BURLINGAME, Calif. - Omertà. Apple usually doesn’t talk about upcoming products. But while Apple employees won't talk, the numbers don't lie: Something's up. Apple (nasdaq: AAPL - news - people ) reported a 72% earnings surge for its latest quarter Tuesday, sending Apple shares up more than 8% to $148.10 in after-hours trading despite disappointing earnings guidance for its current quarter. Not that Apple's guidance is worth much — Apple blew past analyst estimates by a full 20 cents a share for its fiscal third quarter. The explanation for the weak guidance: higher component costs, back-to-school discounts and a mysterious "product transition" will cause Apple earnings to come in lower than expected. Translation: Apple is going to shake up its product lineup. The hint comes as strong sales of iPods and Macintosh computers — and lower than expected costs for parts such as flash memory — helped Apple rake in $818 million in net income for the three months ending June 30, or 92 cents per share, up from $472.0 million, or 54 cents per share, for the year-ago period. Apple also reported a 23% jump in sales to $5.41 billion. But while most investors obsessed over iPhone sales, the most telling figure Apple reported was its gross margins. Apple managed to wring out 36.9 cents of profit for every dollar in sales, up from 30.32% during the same period last year. By contrast, Dell (nasdaq: DELL - news - people ) managed just 18.28% percent gross margins and Hewlett-Packard (nyse: HPQ - news - people ) 24.67% in their latest quarters. That figure could even rise as Apple's iPhone business grows to become a significant chunk of the company's sales. Research firm iSuppli estimates Apple's margins on the device could be more than 50%, excluding certain costs, such as logistics. In its earnings release, Apple promised to sell its millionth iPhone by the end of the current quarter. Nevertheless, Apple Chief Financial Officer Peter Oppenheimer told investors to expect earnings to come in at only 65 cents a share for its current quarter, well below expectations of 82 cents a share. After Apple's blowout quarter, at least one analyst wasn't buying it. "You just guided to 66 cents and came up with 92 cents? Why should I believe it should be 65 cents when you've been so conservative?" UBS's Benjamin Reitzes asked Oppenheimer on a conference call after Apple announced its results. Oppenheimer gave three reasons for the shift, two prosaic, and one very tantalizing. Apple's back-to-school product promotions will cost the company. Prices are rising for key parts, such as the flash memory that powers the iPhone and many of Apple's music players (See: " A Cure for Memory Headaches: The iPhone?"). Finally, Oppenheimer said, there will be a "product transition I can't get into." Could that mean Apple is about to introduce some new products? If so, the possibilities include anything from a new version of the iPod music player to fresh versions of its hot-selling notebook computers. With Apple reporting surging sales of both its computers and music players, that would mean the company is about to go from one strength to another.
Amen, I've literally doubled up and I've kicked myself for not putting more in when I was seriously considering it about 4 times (90, 100, 120, 130). I haven't kept up on Apple rumors since the release of the iPhone, but I remember reading about a possible new iPod, iPhone mini which I think is supposed to have the 'basic' functionality that your average cell phone has, and an ultra-portable probably around 12". From this article it sounds like there could be a decent cannibalization problem coming up?
Same here. I got into Apple stock when it was at 84 and it's been a hell of a ride. I also got into Nentendo stock when it was 34 and it's been equally as amazing. It's been a great year so far.
They're rumored to bring out an Iphone mini last I read on engadget. I don't think they can do anything wrong right now. Good products + Better hype = $$$$$$$$
more consumer electronics. They have potential to make a lot more off of that than they do computers. My sister worked for Apple for years so my dad had bought tons of shares back when it split and was at around 8.50 a share or so...
new iPhone Mini new iMac new iPod Video 6G (Not full screen video) new iPod Nano 3G Thin-SuperCompact version of the MacBook Pro Refresh of the MacBook and Pro Models Possible removal of the Mac Mini and replacement with a new product The stock is amazing and is really winner in this sector
I owned Apple at $9.... it got up to $45 or so, so I put a stop loss order in around $38 or $39 I think... the stock dropped to that level, left me at the bus stop and took off. I was saying it had run up too much when it got up to around $80. I finally got back in around $120 again. When the stock stopped trading today, it re-started and tanked down to around $130-$133/share I think. I bought some around there and watched it go up to $150 in about an hour or two. Not a bad day's "work".
whatever happend to the zune? goodjob with your advertising microsoft. it wasnt gonna sell itslef like your other products
back in '97 I almost bought a bunch for $12 a share. It has since split...not to mention the current price...DOH!
Warren Buffet said that he got rich when prices were rising by selling a little earlier than everyone else.
Take the iPod out of the iPhone, cut the price by $250.00, add 3G, add Flash, somehow add one touch (or even two touch) speed dialing and I will buy. Maybe also add AM/FM radio.
Steve says, "Stay hungry, stay foolish". http://news-service.stanford.edu/news/2005/june15/jobs-061505.html
Well, it depends how you look at it. But ultimately you have to separate reality from Apple stock performance. Sometimes the 2 don't go hand-in-hand... That's why I think Apple could sell sex to a hooker, call it iScrew, the market would applaud it as an innovation (sex? Wow, that's new!), make a commercial about it that says nothing about the product but is comical, and cause the stock to go up as anticipation for iScrew builds up. In other words, I find the company cheesy and shady at times with its marketing, but I love the stock.
probably the iTV. its going to be a Tivo like device, except the remote have a LCD and iTunes built in so you can select your songs without turning on the TV.
