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Come to me AAPL, :)
Got a wad of cash waiting for you.
It is becoming clear to me that reading the Macrumors blog of the keynote is not the ideal way to understand what is happening there when it comes to some of the new Leopard features.
Purported leak of the keynote outline - guess we'll see ;)
http://www.techfeed.ca/?q=node/95
Apple shooting for autumn launch of film rental service - report
By AppleInsider Staff
Published: 05:45 PM EST
Apple is in advanced talks with Hollywood’s largest movie studios about launching an online film rental service to challenge cable and satellite TV operators, according to a published report.
The Financial Times on Sunday said that the service, due to launch sometime this fall, could be significant for the Cupertino-based electronics maker if it manages to sign up enough studios. The more studios, the more premium film content the company could offer shoppers at its ubiquitous iTunes Store.
from smarthouse.com
Hard as it is to believe, all the excitement surrounding Jobs and his new toy may actually understate the impact of this device on Apple's fortunes. Beyond the hysteria surrounding its June 29 launch, the iPhone has the potential for adding a totally new, $10 billion-a-year business within just a few years. If Apple can expand so-called smartphones from a luxury carried by corporate road warriors into an everyday tool for the masses—combining the functions of a BlackBerry and an iPod—Apple could soon see a new growth tear.
Up, Up, and Away
That's the kind of thinking that has some analysts pegging Apple's stock price at 160 and up. They contend that the blazing success of Apple's Mac and iPod lines on their own justify much of Apple's current value. JMP Securities' Ingrid Ebeling used conservative price-earnings ratio projections for 2008 to calculate that the Mac business, with revenues of $11.7 billion and net margins of 11%, would be worth $42.70 on its own. The iPod, with $10.8 billion in revenues, 12% margins, and a slightly lower multiple given slowing growth, would be worth $38.87. Add in $6.36 for other music products, $6.76 for peripherals such as Apple TV, $5.91 for software, and $14.18 per share in cash. You're already at $114.78—with no help from iPhone. �
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Anyone else as clueless as I am
About how Apple's share price is going to react (in the short term), to WWDC and the iPhone launch?
I'm not terribly upset about that, cause I have a fair degree of confidence in what is going to happen to the share price going out to the end of the year and beyond.
I have some in the money Jan calls, shares and July 115 puts.
What, me worry? :)
I'm one of the chumps paying for .Mac
Have been since the start.
Will be till it is free.
AAPL has consistently delivered thousands of dollars a year in increased net worth to me. I ain't complaining.
It is not the UI on google apps
It is their evilness
turning people over to China
keeping secret information on their users
I read about this.
Ms. Roni owns a little google in her IRA
I do not
I did buy some T recently though, wish I had bought some AKAM at the same time. Bought some July AAPL puts also.
Gotta get strapped in and enjoy the ride, I hope
Apple on cover of Economist
and this is purported to be a link to the article
http://www.economist.com/opinion/displaystory.cfm?story_id=9302662
Thu Jun 7, 2007 8:03AM EDT
NEW YORK (Reuters) - Shares of Apple Inc. (AAPL.O: Quote, Profile,Research rose more than 1 percent before the bell on Thursday after a brokerage raised its price target on the stock and commentator Jim Cramer recommended buying it on CNBC television.
Piper Jaffray raised its price target to $160 from $140. Cramer said during his show Apple was among his four top technology picks.
The stock rose to $125.10 -- a record -- in electronic trade from a close of $123.64.
A last-minute analysis of the iPhone's most eager buyers confirms stereotypes of successful younger men as its target market, but also reveals that Apple can expect a large number of converts.
Related AppleInsider articles:
* iPhone boosting interest in Cingular/AT&T
* iPhone could turn technology world on its ear
* High school teens say they'll plunk down $500...
* Goldman: iPhone to drive 'next big growth...
* Study claims 'huge potential' for Apple iPod...
Profiling a cross-section of those aware of the phone in May, Solutions Research Group has found that many of those who will "definitely" investigate the phone at its minimum $499 price are new to Apple, AT&T, or both.
Of the interested respondents culled from the 1,230 total, nearly half -- 48 percent -- said they didn't already own an iPod, making the iPhone their only (if not very first) Apple-branded music player. The news could be very beneficial for the handset creator, which may bank on newcomers to reach its forecast of 10 million sales by the end of 2008.
"Half of the potential buyers are not current iPod users, so it will expand Apple's 'installed base' footprint," said the study's director, Kaan Yigit. If Apple followed its iPod strategy of launching less expensive hardware over time, he predicted, market growth would be steady.
Potentially as surprising is the typical choice of cellular service provider. Those most likely to queue in line on June 29th are existing subscribers to AT&T's only GSM-based rival, T-Mobile USA, at 15 percent. AT&T's existing customers are second to express an interest at 12 percent, the researchers note. Sprint and Verizon customers show the least attraction to the phone at 7 and 4 percent respectively.
This last point could be critical to AT&T, Yigit added, as the network is poised to snare the majority of iPhone buyers from its competitors rather than from the ranks of its faithful. The top-ranked carrier is in the midst of a transition away from the Cingular name and could see its new name gain added respect by offering the Apple device.
"The big winner is AT&T," he said. "In one nifty move, they are able to inject cool into their brand at a speed and scale that's hard to believe. Among T-Mobile customers whose contracts are coming up for renewal this year, a significant proportion will look at this product in place of, say, Sidekicks and the like. And among AT&T customers, a significant minority... will look at upgrading."
Graphs and more text here:
http://www.appleinsider.com/articles/07/06/06/apple_att_neophytes_to_define_iphone_audience_report.h...
No need to discuss Iraq here. There are plenty of venues for that.
iPhone to ignite smartphone use, ARM chief says
CEO Warren East believes smartphone sales could double this year because the iPhone will spark smartphone demand overall to take off
http://www.infoworld.com/article/07/06/06/iPhone-ignite-smartphone-use_1.html
How often are we going to be force fed this BRST cabbage? EOM.
Implemented plan to lighten AAPL - closed 3/4 of Jan 120 calls - bought @$9.00, sold at 16.80 - locking in 38% profit on entire position.
Sold 45% of Apple shares for 121.96, cost basis was 102.
Still holding Jan 100's and 120's and shares.
Still 27.5% AAPL in self managed accounts
Watch Paul Kedroskly make John Dvorak speechless
http://www.cnbc.com/id/15840232?video=360039492
It is in the last half of the video. Dvorak is such an --- well fill in the blank.
Thanks KCMW
I'm still going to be 25% AAPL, ya know:).
Good points - and I can always go back to 54% AAPL if I choose to.
Well folks, we are currently 54% AAPL shares and calls
Been making money hand over hand for the past month. Going to start moving back to a core level over the next couple of weeks. We have met our investment goals for 2007 and are just a little bit short of the target for 2008. Sanity requires some cash at least until right before the earnings report in July *grin*.
I am thinking of selling 3/4 of our Jan. 120 calls. If I can do that at today's close, it will lock in a 41% gain on calls I bought on May 17- and I will still hold 1/4 of the position. If that 1/4 goes to zero (highly doubtful), it would still be a 41% profit. If they have another up day or three before I sell them, it will be better.
If I then sell 45% of our shares that would still leave us with about about 25% AAPL shares and calls. That still sounds nuts to me, to some degree, but not as nut as 54% :).
May do it by setting some stop loss orders on those amounts of calls and shares. I hate to watch them at the day job.
Any thoughts from you'se guys?
June 02, 2007 - Posted by Marc Andreessen
At long last, switching back to Mac
After being spoiled in my college years (1989-1993) by a Silicon Graphics IRIS workstation, I was Mac-based (the legendary Mac Duo notebook) for about a year and then switched to Windows 3.1 in an effort to experience what most of the rest of the world was using.
http://blog.pmarca.com/2007/06/at_long_last_sw.html
Holy Moly,
Momma said there'd weeks like these
There would be weeks like these oh my momma said
Little did she know though, being a mutual fund investor .
dilleet: for those AARP members
Hey. A little respect there, for your elders and for luddites . My mother gave me an AARP membership for my 50th birthday. I have maintained it.
MacBook Pro updated
CUPERTINO, Calif., June 5 /PRNewswire-FirstCall/ -- Apple® today updated its MacBook® Pro line of notebooks with the latest Intel Core 2 Duo processors, memory up to 4GB, and high-speed graphics in a stunning, lightweight, aluminum enclosure that is just one-inch thin. The new MacBook Pro is available in 15-inch models with a new mercury-free, power-efficient LED-backlit display and a 17-inch model with an optional high-resolution display. All models include a built-in iSight® video camera for video conferencing on-the-go, Apple's MagSafe® Power Adapter that safely disconnects when under strain, and built-in 802.11n wireless networking for up to five times the performance and twice the range of 802.11g.*
http://biz.yahoo.com/prnews/070605/aqtu180.html?.v=3
Apple store being updated
Credit Suisse raises target to $140
I fell awful, but survived to make money another day.
I am on them because I have them and I am in pain
I think I ate a piece of chicken that was not good
and I am suffering, but it should be relatively short term
Well, it was a good day to be around 55% AAPL
shares and calls in one's portfolio.
Yes it were
The iPhone trade thing is coming up on a show called Fast Money, which brings up the question:
Are the Fast Money movement and the Slow Food movement compatible?
Sorry, I am on pain-killers
From George Yared
The news is now official: Apple, Inc (NASDAQ:AAPL) has announced that the iPhone will be ready for customer purchase beginning June 29th. The television commercials have begun, as of Sunday June 3rd, and will be followed by other media advertising. For investors, the next leg of growth for the ensuing years will be in place.
The iPhone will have almost no effect on the quarter ending June 30th, as only two selling days fall into this quarter. Apple intelligently wants to recognize the revenues from the iPhone over a 24-month period, matching the contractual obligations from customers who sign up with the sole carrier provider AT&T (NYSE:T). Apple will recognize iPhone revenues over the two-year period in order to decrease "lumpiness" in its future quarters, as iPhone sales could be seasonal in nature once the initial early adopters are satisfied.
The June quarter consensus estimates are calling for revenues of $5.29 billion and earnings per share of $0.72. The chances are quite good that Apple will beat those numbers if its semi-conductor suppliers are still under pricing pressure, to Apple's benefit. Semi-conductor pricing, however, cannot be counted on long term, and investors will discount any earnings beat if it comes from supplier issues.
The Apple retail stores, all 177 strong are gearing up for the June 29th launch of the iPhone.
I stopped in the store today (Sunday) at the Mall of America in Bloomington, Minnesota. The Mall of America is the biggest shopping mall in the United States. The Apple store is rumored to be in the top five in Apple's retail system. The three members of staff that I spoke with were excited about the iPhone release and their biggest concern was having enough supply for the first 5-6 selling weeks. Nice problem! They indicated to me that, on average, they receive about 100 questions per day from customers asking about iPhone's availability. If the Mall of America is any indication of the rest of the country, the initial sales-through should be huge.
For investors, the iPhone is the next leg of growth for Apple. I believe that analysts estimates are still too low for fiscal years ending September 30, 2007 and 2008. The stock has had a great run up to $122 this year. iPhone expectations may be built into the price for now, but the June and September quarters results could prove to be conservative vis a vis estimates and Apple could next see a $135 price tag ... we'll see .. it should be a fun exercise watching the hype and hoopla surrounding the iPhone release on June 29th ...
Georges Yared is the CIO of Yared Investment Research. For more growth stock ideas please visit the web site.
http://www.bloggingstocks.com/2007/06/03/with-june-29-iphone-launch-apple-ready-for-next-leg-of-grow...
I dunno about tomorrow. I think the ads were good,
but we've been on a pretty steep up slope. I think AAPL is substantially higher in the coming months, but I dunno about tomorrow.
I've thought of selling some of my Jan. 120's, depending on what happens next week. If I could sell 3/4 of them at Friday's closing price, I will have locked in a 19% profit on the whole batch while still holding 1/4 of them.
http://www.apple.com/iphone/ads/
iPhone ads there
Not staring too much dilleet.
Trying to refrain from unseemly public jubilation at a PF that has increased in value 11% this week.
That's all I'm trying to do. How am I doing?
I am glad they are buying AAPL
Cause I am bought out .
From the Forbes article "Bill and Steve Best Friends Forever"
Jobs also said that Apple would soon put more emphasis on its own “.mac” Internet offerings.
I've opened "aapl chat" in iChat if anyone wants to follow and talk about the Gates / Jobs thing, the Jobs interview by Mossberg today, or just generally fling the feces about things AA
link to video of Mossberg interview with Steve
http://link.brightcove.com/services/link/bcpid452319854/bctid933742971
The new McNealy
Not as abrasive or angry, but then Steve is not a hockey player...
Normally I wouldn't announce it early, but hey, it's D.
Is it ok to talk a little bit about what a day like this can do when your PF is 50% AAPL, and a 1/3 of that are Jan 08 calls?
Otherwise I won't, would not want to be thought of as the guy who just fell off the turnip truck and is all bubbly and a-gush.
May 30, 2007, 10:41 am
Could Apple Shares Double in 2008?
Posted by Tiernan Ray
That’s question this morning posed by Morgan Stanley analyst Kathryn Huberty in one of two upgrades of Apple (AAPL) stock, the other one from W.R. Hambrecht’s Matthew H. Kather. Huberty actually says her formal target is $150 for the shares by next May, while Kather says they’re worth $125. Both analysts are raising their price targets after Apple stock blew past their prior targets.
* Huberty’s $150 is a compromise between a worst-case scenario — shares fall 28% to $80 — and the best case, in which Apple sells dramatically more Mac computers, raising its computer market share to 6% next year, while the company’s forthcoming cell phone, iPhone, sells far more units than expected in its first year out of the chute — 24 million in the hypothetical scenario, with those developments boosting Apple shares to $225 by May ‘08.
In fact, Huberty says the more likely scenario is that the Macs sell faster than has historically been the case and that operating margins at Apple improve by 1.5 percentage points, which would give Apple $5 per share in profit in the fiscal year ending September, 2008, not the $4 per share consensus estimate of analysts at present. Huberty suggests plenty of things Apple chief executive Steve Jobs may have up his sleeve that could deliver upside, including an “ultra-portable” Mac that might sell 3 million units in its first year of release. But Huberty’s main point is that Apple may sell more and more goods through its retail stores, and that that business can be highly profitable:
Apple’s fixed cost retail stores offer an incremental leverage factor. Over the past 12-months, products sold through the company’s retail stores earned 14 points higher operating margin, on average, relative to products sold through partners. Because the iPhone will only sell through Apple and Cingular stores (roughly 2,300 points of distribution compared to 8,000 for Mac and 20,000+ for iPod), we believe it could drive a higher % of revenues through direct distribution.
As Apple introduces new products and new revenue streams, it all flows more easily to the bottom line the more it moves through Apple stores. In the best-case, $225 scenario, the percentage of goods moved through Apple’s retail outlets rises from 17% annually to 25%. Huberty’s prior price target was $110. She rates Apple shares “overweight.”
* Kather, on the other hand, is simply expecting prices of some computer parts, such as DRAM and NAND memory chips, to continue to fall and thereby boost Apple’s gross profit for the June-ending quarter after the cost of goods to 33% of sales from his previoulsy expected 32.5%. Kather is projecting a 50% drop in DRAM memory prices, with NAND prices perhaps flat.
In addition, Kather says he surveyed AT&T’s (T) Cingular stores “this week” in advance of the iPhone introduction, and says — Surprise! — the stores don’t know exactly when they’ll receive units (like they were going to tell him!), but about one fifth of the stores contacted have compiled waiting lists of customers who want to be notified when the phone comes in.
Bottom line, however, Kather says the iPhone will be a “catalyst” for the stock over the summer, and he thinks it will expand Apple’s valuation multiple from a 30x historical forward P/E to 33x. That would make the stock worth $125, based on his 2008 estimate of $4.12 in profit per share, after factoring in about $14 in cash per share and backing out options and interest expenses, writes Kather. Kather’s argument is in part based on the fact that Apple will account for iPhone sales differently than typical Mac hardware sales, using a deferred revenue component. Eric has noted in past that the new accounting has had the Street unusually excited. Kather, who rates Apple shares “Buy,” previously had a $115 price target for the stock.
Meanwhile, Maestro Savitz is reporting throughout the day at the D: All Things Digital Conference, where Steve Jobs is to appear, and so perhaps we’ll hear a thing or two about what he has up his sleave.
http://blogs.barrons.com/techtraderdaily/2007/05/30/could-apple-shares-double-in-2008/
Bootz, but I don't have any of that OhMyGod stock you keep going on about .
It is a pretty nice day though, sunny and may be our first day over 90 degrees here in the sunny Pacific Northwet.
Added shares at 114.18 this morning
Before coming to work. Working out all right so far :).
Duplicate post. eom.