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Sold my .13's for .18 today.
I rely less on Walmart displays and more on what people are talking about. Everyone I know is going "hey do you have a fitbit? Let's be friends so we can compete". I agree that there are accurate ways to tell how things are going. My girlfriend is obsessed with her fitbit and beating her friends and to me that is a positive thing (at least for my shares).
Short interest is at 57.01%, that's crazy. They are winning this battle. If some amazing news came out, the short squeeze would be on. But I don't see anything coming out to change that until Feb.
Where is the justification for this downward trend though? Dec. 15th was supposed to be D-Day for insiders if they wanted to dump shares, they didn't, so why are we going down?
This downward action doesn't make much sense.
Today was the day that millions of insider shares were supposed to be dumped into the market and FIT is green? I think that Fitbit insider share stipulation I posted earlier holds true.
Tomorrow will be an interesting day. If it holds at around 29, expect it to soar over the next few weeks.
It's been a rough week.
I'm sure, but where does it stop? I'm thinking right at $29, which is where the recent stocks were issued.
The insider share expiration is just killing the stock. Just awful.
Real tired of watching this stock crash at the end of every day.
You're not going to hear about sales until Feb.
Fitbit's insider trading policy states: no selling from Dec 7th to 2 days after 4th Q ER (early Feb).
Today was not that day.
Sucks seeing this stock get hammered. Undervalued right now.
Love to make that money! Go AAPL
Not likely to happen, the S6 has been a bit of a letdown for Samsung. The iPhone 6 and 6S have had a couple issues, but nothing compared to the "you're holding it wrong" fiasco under Jobs.
http://www.forbes.com/sites/ewanspence/2015/07/07/samsung-q2-2015-galaxy-s6-failure/
http://www.ibtimes.com/samsung-galaxy-s6-problems-bad-battery-life-dodgy-wi-fi-among-top-issues-how-get-your-1885099
My $99.61 buys are looking pretty good right about now. Thanks shortys!
Apple Inc. Delivers Again
Apple (NASDAQ:AAPL) announced earnings for the fourth quarter of fiscal 2015 on Tuesday, Oct. 27, after official market hours. While the report didn't offer much in terms of big surprises, the business continues performing remarkably well on the back of strong iPhone sales, avid demand from China, and expanding profitability.
The iPhone is still on fire
Total revenue during the quarter came in at $51.5 billion, a 22% year-over-year increase from $42.1 billion in the fourth quarter of 2014. Management was expecting sales in the range of $49 billion to $51 billion during the quarter, so performance was above the company's own guidance.
The iPhone segment continues firing on all cylinders. Apple sold 48 billion devices during the quarter, a 22% annual increase. Average selling prices have been on the rise in the iPhone segment over the past several quarters, and the September quarter was no exception: Apple registered an average selling price of $670 during the period, an increase from $660 in the third quarter of fiscal 2015.
Because of rising average selling prices in the iPhone division, revenue growth was above unit sales growth during the quarter, Apple brought in $32.2 billion in sales from the iPhone segment, a 36% jump from the same period last year.
Apple made a big 63% of total revenue from the iPhone during the period. The good news is that the product keeps selling notoriously well, and this is generating extraordinary financial performance for Apple. On the other hand, Apple is remarkably dependent on the iPhone, and this is an important risk factor to keep in mind.
iPad sales, on the other hand, continue declining. The company made $4.3 billion in revenue from the iPad segment last quarter, a 20% contraction from $5.3 billion in the same quarter last year. Mac sales grew 4% year over year to $6.9 billion. Sales in the services segment increased 10% to $5.1 billion, while other products, which includes Apple TV, Apple Watch, and Beats products, among others, grew 61% to $3 billion.
Investors have been particularly concerned about the situation in China lately, since the Chinese economy is showing some worrisome signs, such as slowing growth and financial instability. Still, Apple reported a strong 99% increase in revenue from the Greater China region, amounting to $12.5 billion during the quarter.
Strong earnings and cash flow
Gross margin was 39.9% during the period, a 38% increase from the same quarter last year. Guidance was for gross margin to be between 38.5% and 39.5%, so the business did better than expected on the margin front, too.
Apple is a cash flow-producing machine. The company brought in $13.5 billion in operating cash flow during the quarter, and it returned over $17 billion to investors via dividends and buybacks. Apple has now completed over $143 billion of its $200 billion capital return program. Earnings per share, meanwhile, grew by a vigorous 38%, from $1.42 to $1.96 per share.
The future looks good
CEO Tim Cook sounded quite optimistic about the company's prospects over the coming quarter, which is particularly important for Apple since it includes the crucial holiday shopping season. Cook said in the press release:
Fiscal 2015 was Apple's most successful year ever, with revenue growing 28% to nearly $234 billion. This continued success is the result of our commitment to making the best, most innovative products on earth, and it's a testament to the tremendous execution by our teams. We are heading into the holidays with our strongest product lineup yet, including iPhone 6s and iPhone 6s Plus, Apple Watch with an expanded lineup of cases and bands, the new iPad Pro and the all-new Apple TV, which begins shipping this week.
The company is expecting revenue in the range of $75.5 billion to $77.5 billion during the December quarter. This would represent a slight increase from $74.6 billion during the same quarter last year. Gross margin is forecast to be between 39% and 40%, roughly in line with 40% of revenue during the December quarter in 2014.
While this doesn't sound like a very optimistic forecast, it's important to keep in mind that foreign currency depreciations are hurting most companies in the tech business when translating their financials to U.S. dollars. Besides, Apple is traditionally known for being conservative when it comes to guidance.
The latest earnings report from Apple didn't bring many big surprises, but the company keeps delivering healthy sales figures and rock-solid profitability, so things seem to be going in the right direction for investors in Apple stock.
http://www.fool.com/investing/general/2015/10/28/apple-inc-delivers-again.aspx
Disagree, for the few stores that it works at, it's extremely fast and easy.
The market is down overall.
I know tons of people that want a Tesla (including myself). But note that this wasn't an official Apple announcment, just an article on speculation.
Apple Speeds Up Electric-Car Effort, Sees 2019 Shipments
Apple Inc. is accelerating efforts to build an electric car, designating it internally as a "committed project" and setting a target ship date for 2019, according to people familiar with the matter.
The go-ahead came after the company spent more than a year investigating the feasibility of an Apple-branded car, including meetings with two groups of government officials in California. Leaders of the project, code-named Titan , have been given permission to triple the 600-person team, the people familiar with the matter said.
Apple has hired experts in driverless cars, but the people familiar with Apple's plans said the Cupertino, Calif., company doesn't currently plan to make its first electric vehicle fully autonomous. That capability is part of the product's long-term plans, the people familiar with the matter said.
Apple's commitment is a sign that the company sees an opportunity to become a player in the automotive industry by applying expertise that it has honed in developing iPhones--in areas such as batteries, sensors and hardware-software integration--to the next generation of cars.
An Apple spokesman declined to comment.
There are many unanswered questions about Apple's automotive foray. It isn't clear whether Apple has a manufacturing partner to become the car equivalent of Hon Hai Precision Industry Co., the Taiwanese contract manufacturer that builds most iPhones and is known by the trade name Foxconn. Most major auto makers build and run their own factories, but that hasn't been Apple's strategy with iPhones or iPads. Contract manufacturing in the auto industry usually is limited to a few niche models.
The 2019 target is ambitious. Building a car is a complex endeavor, even more so for a company without any experience. Once Apple completes its designs and prototypes, a vehicle would still need to undergo a litany of tests before it could clear regulatory hurdles.
In Apple's parlance, a "ship date" doesn't necessarily mean the date that customers receive a new product; it can also mean the date that engineers sign off on the product's main features.
It isn't uncommon for a project of this size and complexity to miss ship-date deadlines. People familiar with the project said there is skepticism within the team that the 2019 target is achievable.
The global market for electric cars has been weak because of low gas prices and concerns about vehicle price and battery range. To date, Tesla Motors Inc. and Nissan Motor Co. sell two of the best-known and highest-volume battery- powered vehicles, but volumes are only a sliver of the industry's 85 million annual vehicle sales.
Emissions standards are tightening around the world, however, leading most major car companies to invest billions of dollars in plans to launch electric cars between now and the end of the decade. By the time an Apple car would make its debut, brands spanning General Motors Co.'s Chevrolet to Volkswagen AG's Audi and Porsche will have long-range electric vehicles aimed at the mass market.
Earlier this year, The Wall Street Journal reported that Apple had several hundred people investigating an electric vehicle with an initial design resembling a minivan.
Apple has ramped up hiring since then, pulling in veterans from the auto industry as well as battery and machine- vision experts. People inside Apple said employees from across the company have been reassigned to Titan, similar to how Apple assembled a team for the Apple Watch.
Those involved include DJ Novotney, an Apple veteran with a history of successfully shipping products. Mr. Novotney, one of the first hires to the program last year, is a vice president of program management, overseeing a growing team of managers who coordinate activities among various teams. He didn't respond to a request for comment.
Asked last week by late-night talk-show host Stephen Colbert about Apple's interest in a driverless car, Apple Chief Executive Tim Cook said: "We look at a number of things along the way, and we decide to really put our energies in a few of them."
Gene Munster, an equity analyst with Piper Jaffray, in a Sept. 1 research note estimated Apple's chances of making a car at between 50% and 60%. He said he expects any Apple car to have three distinctive features: a unique design; the ability to work with other Apple devices; and some autonomous capability.
As Apple pushes forward, the company is finding it difficult to keep its automobile interest under wraps.
In May, Apple employees met with officials from GoMentum Station, a 5,000--acre former Navy weapons station east of San Francisco that is now a secure testing facility for autonomous and connected vehicles. In emails obtained through a public-records request, Apple expressed interest in scheduling time at the facility.
Then in August, an Apple lawyer met with officials from California'sDepartment of Motor Vehicles. In an email, the DMV said the meeting with Apple focused on "the autonomous-vehicle testing regulations that went into effect in September of 2014."
Both meetings were earlier reported by The Guardian.
Updated profiles of recent Apple hires on LinkedIn, the professional social network, provide other hints. They include, for example, an engineer who specializes in automobile chassis.
Read more: http://www.nasdaq.com/article/apple-speeds-up-electriccar-effort-sees-2019-shipments-20150921-00713#ixzz3mOpqe7Me
Swing an a miss
What an odd close
I did, I had an S5 for work and an iPhone 6 for personal. My S5 would crash constantly (iPhone 6 crashed a few times to be fair). The largest issue was that when I went to put in my pin to unlock my phone instead of numbers it would show basically wingdings for some weird reason. So it wasn't recognizing numbers when I entered my PIN. I've owned iPhone's, HTC EVO's and Samsung phones. Personally I'm an iPhone guy, not an apple guy as I enjoy Windows more, but 110% and iPhone guy.
I thought the new iPhone, new iPhone upgrade program and the Apple TV were pretty awesome.
The iPhone is obsolete?
Looking stuff up is hard isn't it? http://money.cnn.com/2015/06/17/technology/samsung-galaxy-hack/
It was due to people jailbreaking their phones. Has nothing to do with Apple honestly, you remove the security from your phone and install unapproved software, you're opening yourself up.
After like a bunch of days of green? A broken clock is right twice a day, eventually you'll be right.
We're .47% down today! We've topped out AHHHH SELL SELL SELL.
You shorties are funny.
I removed his posts, I warned him already. Can't ban him, but I can silence his spam.
Right now it's just an idea, they poached a few people from Tesla. IMO, it would be a bad idea to talk about it at the Sept. 9th conference. Apple usually doesn't announce products they can't put to market within the next month.
Tim Cook Chooses Not to Sell His New Apple, Inc. Stock
Read more: http://www.fool.com/investing/general/2015/08/27/tim-cook-chooses-not-to-sell-his-new-apple-inc-sto.aspx#ixzz3k7Ayna5Q
It's always a good sign when a business' leaders choose not to sell any shares they own. While there may be possible ulterior motives, it's very difficult to argue that they are not aligned with shareholders. When an executive buys or holds shares, it means he has a personal stake in building shareholder value and that he believes shares will appreciate in the future. After choosing not to sell his recently awarded stock, Apple CEO Tim Cook is one such leader.
Cook and Cue bet on
Apple stock
Cook, along with Eddy Cue, Apple's senior vice president of Internet, software, and services, each received 560,000 and 350,000 restricted stock units, respectively, this week. Together, these shares are worth about close to $100 million. The shares were awarded to them in conjunction with a performance-based compensation plan.
While a large portion of these shares were withheld by Apple to comply with statutory tax withholding requirements, the two executives were still left with a good chunk of Apple stock. Cook's shares after Apple's withholdings are worth about $30 million and Cue's are worth about $20 million.
Neither of the executives sold a single share.
Apple CEO Tim Cook. Image source: Apple.
Opting to hold these stocks suggests the executives are bullish on the company's future, particularly the stock. And it shows that Cook is putting his money where his mouth is, as the company has strongly emphasized share repurchases over dividends in its capital return program. Indeed, Apple announced earlier this year that it was boosting its capital return program by $70 billion, and management said it would be allocating the majority of this toward share repurchases due to the value the board sees in the stock.
Famed investor Warren Buffett is a major advocate of insider ownership. As Buffett says in the Berkshire Hathaway owner's manual, "We eat our own cooking."
After Cook's latest Apple stock award, he now owns about 1.17 million shares, worth about $129 million. Nearly all of Cook's net worth is tied to Apple stock, according to Fortune.
Holding is a no-brainer
Trading at just 13 times earnings when the S&P 500 has a price-to-earnings multiple of 22, it shouldn't be a surprise Cook is holding on to his shares. The stock is cheap by just about any measure.
Investors may be wise to follow suit. While Apple stock has rebounded from pulling back to $95 on Monday, it's still trading well below a 52-week high of $135 achieved earlier this year. Sure, $95 would have been a better deal than $112, but Apple stock is still looking like a genuine bargain for long-term buy-and-hold investors.
Combining Cook's and Cue's bullishness on Apple stock, the company's aggressive share repurchase program, and an obviously cheap stock, shares are looking incredibly tasty at the moment.
Don't be scared by the shortys