You were far from being right. AAPL was $450 by the end of the quarter. You were 10% off. How you can claim you were right is mind boggling. What is confusing you is that I wasn't making any calls as to where the stock price would go. I was telling you that your "valuation method" and trying to pick a time to hit that valuation were completely ridiculous. I was, and I still am right about that.
Well a couple months from my target isn't bad; especially when I invest to keep the stock for 18 months before I sell. Pretty obvious that you said the stock wouldn't break the $500 mark throughout that thread.
Show the quote where I said that. I said your valuation model sucks. I also said I don't know where the stock price will go.
Go read the context. I said that about the market agreeing when we were talking about their lack of innovation lately and after earnings.
With this new Mavericks my old macbook is so much faster. I think it disabled some slow process that was holding me up. woot.
There's been a lot of pressure on Apple to "innovate." I was mistaken to attribute lack of innovation to Apple declining to a Dell or Microsoft level of mediocrity. iOS7 does represent a fairly radical change. It only required a free download to create a completely new user experience for everyone for free. The rapid and mass adoption of the new mobile OS is remarkable. I updated to iPhone 5s, and though I can't say it's visibly innovative, the user experience is much better due to the bigger screen, faster CPU, and LTE network. Where I used to set down my iPhone 4 because it was taking a long time to do whatever, things just happen within a second or two on the 5s. Mavericks is awesome. Apple did innovate by making the upgrade FREE along with FREE office apps.
This is the key. I said it before…. "How is microsoft going to compete as a software company when they must charge for their OS?" This is where I think the revolution will begin. They make the OS so easy to use and really look into the details on making life easier for the average consumer. Then all of this being free? The only companies I see that can compete will be google and Samsung. Everyone else will be left in the dust.
To be fair, Microsoft is losing $billions on its surface tablet/laptop hybrid. They're about to launch version 2, as well. If they can sell people on those, they'll have the ability to give away the OS. On the other hand, there's a lot of idiots out there who go through M$ approved courses to be certified in whatever expertise. They're all about charging for everything, including lots of 3rd party SW that we get for cheap or free for the Mac.
8:33 pmLooking ForwardBrian Fitzgerald The revenue expectation for the fiscal first quarter: between $55 billion and $58 billion. 8:32 pmUnit Sales iPad sales: 14.1 million iPhone sales: 33.8 million Mac sales: 4.6 million iPod sales: 3.5 million 8:31 pm Gross margin 37% 8:31 pmHere we go EPS: $8.26 Sales: $37.5 billion Net: $7.5 billion
Since their drop from $700 to $300, Apple is now at an all time high. It had a 7 share split months ago and the stock hasn't looked back since. Apple is at $743 before split now. Anyone that invested when the stock was at $300 would have doubled their money in less than a year.
I bought 2k shares back when the stock was like $90 something years ago. I sold 500 when it was like $500 on the last big rise. The another 500 when it hit $600. I kept the rest, even when it dropped. I should have bought more when it was down to $320. I'm still kickin myself!
