Re: AAPL Intraday Updates
[quote author=“SNIPUS”][quote author=“DawnTreader”][quote author=“Tommo_UK”]You have to laugh… now CNBC are saying “Black Friday isn’t necessarily indicative of what happens this season.” In other words, after shrieking about how today would “set the tone for the rest of the year” all week, they’re now trying to talk down the significance of a strong weekend and playing up fears that sales will be weak regardless of what happens.
As I’ve said in other topics , I don’t think anything useful can be determined from Friday and the weekend sales data. There are far too many variables at play and journalists should know better. My concern for Monday trading is this incessant
preoccupation with retail sales number that will mean absolutely nothing by the end of the holiday shopping season.
I agree it is meaningless to Apple however not to the market in general as black friday was above expectations so the market should open up and AAPL could gap over $172
I think the info is meaningless not only to Apple but meaningless in general. In terms of its impact on the market, my concern is the media will be treating holiday sales activity as if it were a presidential race with daily reports about trends (or apparent trends) that don’t matter, aren’t real and will have no real gauge of the shopping season until the season is over. AAPL will be caught up in all of the news gyrations.
AAPL belongs well over $180 per share IMHO. We’ll see if the market moves it higher regardless of the broader market’s activity. No matter what the major retailers report in terms of YOY sales gains or losses, the Apple retail stores will be seeing higher traffic, higher sales and higher ASPs than last year.