Pelican Parts Forums - AAPL: How high will it go?

Pelican Parts Forums (http://forums.pelicanparts.com/)

- Off Topic Discussions (http://forums.pelicanparts.com/off-topic-discussions/)

- - AAPL: How high will it go? (http://forums.pelicanparts.com/off-topic-discussions/698286-aapl-how-high-will-go.html)

$133. Not bad.

Larry

Quote:

I was strong on holding, but I'm getting a little nervous.<br>
<br>
The 10 year went below 2% today, and I think there are a lot of other signs that this will be a rough year for the stock market. <br>
<br>
I think if AAPL bounces up near 110, I'm going to sell. (I'll buy it back at 75!).

Oops.

Nah, see my post from 1/28 above.

Still hanging in there.

Interesting info on gold and the Apple watch, who knows?

Demand for Apple Watch could use up third of world's gold | Cult of Mac

This got a laugh from me, simply because Apple was sued, and lost, to a company that makes nothing, has no employees and basically has 0 presence.

Apple Inc accuses company with no employees of ‘exploiting’ iTunes patents after US$533M infringement ruling | Financial Post

Maybe this was discussed earlier. Do those of you who have AAPL stock put a stop limit order in place to protect your downside? I am thinking back to how AOL was king until that one day..........

I don't have a stop limit in place but I see a world of difference in apple and aol.

aapl is too big to fail.

:D

Quote:

Originally Posted by biosurfer1 (Post 8505746)

There's a court in West Texas where all the bogus patent claims are filed and the big companies usually lose. There are companies that do nothing other than pick up patents for this reason. It's a well-known problem in the tech industry.

Quote:

Originally Posted by techweenie (Post 8511611)

It's 99% of the lawyers that give the rest a bad name.

I'm not an AAPL fanboi, but I thought this Modern Family episode was kind of cool

<iframe width="853" height="480" src="https://www.youtube.com/embed/vy3jUOBxQuI?rel=0" frameborder="0" allowfullscreen></iframe>

iPhone orders remain strong, Apple likely to top 54M units in March quarter, Barclays says...

iPhone orders remain strong, Apple likely to top 54M units in March quarter, Barclays says

Apple admitted to the Dow.Replaces AT&T...about time!

Not sure this is the path I would have liked Apple to head (a $10K watch and whatever follows it), but hey, it's only stock value, overpriced products and brand cache, right?

Interesting that two films will be soon offered to us:

- A theatrical film starring Michael Fassbender as Jobs. Theme - unknown. Maybe more insightful than the version with Ashton Kutcher.
- A documentary, Steve Jobs: "The Man in the Machine". An unflinching look at the man behind Apple, Inc.

The idolatry from Apple/Jobs fans upon his death struck me reminiscent of Lance Armstrong's image at his peak, at least for all but the most skeptical among us. History usually has a way of getting down to the basics as it eventually did (we hope) with Armstrong.

Sherwood
(owns some APPL)

was thinking of you guys reading this:
Apple Watch hype costs investors $66.1B | America's Markets

Quote:

For most stocks, a 8.5% decline isn’t all that of a big deal. But when you’re Apple, and have 5.82 billion shares outstanding, that wipes out $66.1 billion in shareholder value. That’s like a company of the size of retailer Costco (COST) vanishing in just two weeks.

That's just crazy valuation. Oh, but they have an ugly smartwatch on the horizon. But at least it's over priced. - That helps.

Seriously, why don't they grow in some sort of proportion to their funds? Maybe buy Comcast, Sony, or something. Oh, right; the Applewatch will be huge! --LOOKIE-- ...gold supplies decimated three times over... LOL!

Earnings today should be interesting.

The MAY ATM straddle (131 strike ) is priced right around 9.85 cents. Just to keep it simple call it 10 bucks. At that price the market is looking for a 7.6% move give or take. There is some time on this one. Last earnings we were looking at the straddle that expired a day or two later.

As I have noted in the past, my preference is typically to sell these straddles into earnings and if I am wrong then trade around them. In this case based on what I have been seeing and reading I think the play is to be long the straddle, I get the feeling this one deserves more premium than the 10 bucks. I am not so inclined to be buying 10 dollar straddles so I'll probably pass.

Should be very interesting.

Apple today announced financial results for its fiscal 2015 second quarter ended March 28, 2015. The Company posted quarterly revenue of $58 billion and quarterly net profit of $13.6 billion, or $2.33 per diluted share. These results compare to revenue of $45.6 billion and net profit of $10.2 billion, or $1.66 per diluted share, in the year-ago quarter. Gross margin was 40.8 percent compared to 39.3 percent in the year-ago quarter. International sales accounted for 69 percent of the quarter’s revenue.
The growth was fueled by record second quarter sales of iPhone and Mac and all-time record performance of the App Store.

“We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever,” said Tim Cook, Apple’s CEO, in a statement. “We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles, and we’re off to an exciting start to the June quarter with the launch of Apple Watch.”

• iPhone: 61.170 million units, $40.282 billion revenue (vs. 43.719 million units (+40%), $26.064 billion revenue (+55%) YOY)
• iPad: 12.623 million units, $5.428 billion revenue (vs. 16.350 million units (-23%), $7.610 billion revenue (-29%) YOY)
• Mac: 4.563 million units, $5.615 billion revenue (vs. 4.136 million units (+10%), $5.519 billion revenue (+2%) YOY)
• Services: $4.996 billion revenue (vs. $4.573 billion revenue (+9%) YOY) (includes revenue from the iTunes Store, App Store, Mac App Store, iBooks Store, AppleCare, Apple Pay, licensing and other services.)
• Other Products: $1.689 billion revenue (vs. $1,880 billion revenue (-10%) YOY) (includes sales of iPod, Apple TV, Beats Electronics and Apple-branded and third-party accessories.)

“The tremendous customer demand for our products and services in the March quarter drove revenue growth of 27 percent and EPS growth of 40 percent,” said Luca Maestri, Apple’s CFO, in a statement. “Cash flow from operations was also outstanding at $19.1 billion.”

Apple is providing the following guidance for its fiscal 2015 third quarter:
• revenue between $46 billion and $48 billion
• gross margin between 38.5 percent and 39.5%
• operating expenses between $5.65 billion and $5.75 billion
• other income/(expense) of $350 million
• tax rate of 26.3%

Apple will provide live streaming of its Q2 2015 financial results conference call beginning at 2:00 p.m. PDT on April 27, 2015 at Apple - Quarter 2 - 2015 Financial Results.

The consensus estimate from analysts polled by Thomson Reuters calls for Apple to report earnings of $2.16 a share on revenue of $56.08 billion. In the second quarter last year, the company posted earnings of $1.66 a share, which beat analysts’ expectations of $1.46 a share. Revenue of $45.646 billion beat the consensus estimate of $43.563 billion. In January, Apple said sales would total between $52 billion and $55 billion for the three-month period, and gross margin would fall between 38.5% and 39.5%.

The non-GAAP whisper number is $2.31 a share, indicating even more positive underlying sentiment.