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I think the last four weeks is a technical correction and not capitulation.
Eric, is this your view on BAC or on the markets in general?
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An anti-Apple alliance led by a man who until recently had a duty to serve Apple shareholders.
Am I the only shareholder who wants to sue Eric Schmidt for stealing from me?
I think the question is: Why did Apple even hire Eric Schmidt? Did Apple hope to glean needed information from him about a competitor and who’s to say that they didn’t. Was he fed false information, knowing that he would “phone home” to his real job? Or was Apple really this gullible believing that he could be controlled and trusted. What appears to be a mistake, may turn-out to be an advantage. Time will tell.
:apple:
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I intend to stay all cash until I see some reason for a turn-around. I don’t see much opportunity for that before Apple earnings. The probability of bad news world-wide is much higher than good.
What about the June 7th WWDC and the introduction of the next iPhone? Speaking of Jobs pulling out a surprise, I’m still hoping (although not expect) a Verizon iPhone announcement. I suspect though that no amount of good news can counteract the market sentiment right now….
The next iPhone has already been announced by Gizmodo. Apple has pulled out of future WWDC’s. I’d be surprised if SJ made an appearance there. Verizon is the most likely good news, but there’s always the possibility (probability?) that the CDMA iPhone is for the China market. Not much good stuff on the horizon that hasn’t already been priced in, IMHO.
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The next iPhone has already been announced by Gizmodo. Apple has pulled out of future WWDC’s. I’d be surprised if SJ made an appearance there. Verizon is the most likely good news, but there’s always the possibility (probability?) that the CDMA iPhone is for the China market. Not much good stuff on the horizon that hasn’t already been priced in, IMHO.
Did I miss out on a press announcement that Apple pulled out of WWDC? MacWorld, yes, but WWDC?
I think there will be plenty of anticipation with the 4G on June 7. And the upside will be felt if the phones are immediately available, putting unit sales in Q3 (4mm units in June are being bandied about). Earnings in July will be another positive surprise. I’m not counting on any Verizon announcement, despite persistent rumors it will happen sooner than we think.
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I think the last four weeks is a technical correction and not capitulation.
Eric, is this your view on BAC or on the markets in general?
Best trade of the day for me: Bot BAC $15.53. Sold BAC $15.67. Bought Oct 240’s for $28.15. Not sure how that’s going to work out tomorrow.
Meanwhile, AMZN’s P/E is 50+ and AAPL is an unimpressive 20. What exactly do AMZN shareholders smoke during the day?
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John Molloy
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The next iPhone has already been announced by Gizmodo. Apple has pulled out of future WWDC’s. I’d be surprised if SJ made an appearance there. Verizon is the most likely good news, but there’s always the possibility (probability?) that the CDMA iPhone is for the China market. Not much good stuff on the horizon that hasn’t already been priced in, IMHO.
Zeke, I know you can be negative but please can you provide citations for Apple pulling out of WWDC? Unless it happened today under the noise of the Google stuff I thought I might have noticed this.
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The next iPhone has already been announced by Gizmodo. Apple has pulled out of future WWDC’s. I’d be surprised if SJ made an appearance there. Verizon is the most likely good news, but there’s always the possibility (probability?) that the CDMA iPhone is for the China market. Not much good stuff on the horizon that hasn’t already been priced in, IMHO.
Did I miss out on a press announcement that Apple pulled out of WWDC? MacWorld, yes, but WWDC?
I think there will be plenty of anticipation with the 4G on June 7. And the upside will be felt if the phones are immediately available, putting unit sales in Q3 (4mm units in June are being bandied about). Earnings in July will be another positive surprise. I’m not counting on any Verizon announcement, despite persistent rumors it will happen sooner than we think.
Ack! Brain dead! Was thinking WWDC instead of Mac World. Still, anything but an over-the-top, bombshell announcement at WWDC will be a disappointment and the stock will suffer accordingly. It’s happened before.
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So, the iPad - now bigger than the Mac?
Jonny EvansSure looks like Apple has a hit on its hands—the iPad is now outselling the Mac, at least according to RBC Capital Markets analyst, Mike Abramsky.
That analyst released new research to clients this am, in which he raised his 2010 iPad sales estimates to eight million, up from the five million originally predicted. He cites the international launches and continued strong US sales for the extra sales.
For the quarter ending June the analysts predicts a total 2.4 million iPad sales, 1.8 million in the US.
?Checks indicate that US iPad sales remain strong post-launch, driven by rising consumer visibility to iPad?s user experience, sustained PR/word-of-mouth marketing, 3G iPad launch, and broadening iPad apps/content,? Abramsky wrote.
?We believe Apple is now selling >200k iPads/week, greater than US Macs (est. 110k Macs/week) and just below US iPhone 3GS first quart (246k/week).?
iPad accessory sales are also booming, driving yet more revenue to Apple?s coffers, leading Abramsky to cite a $350 price target on AAPL stock.
So—the iPad is now bigger than the Mac? Perhaps that’s why Steve Jobs thinks it’s so ‘magical’.
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John Molloy
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WillRob
Something which in its most expensive form costs less than the cheapest Mac? Why wouldn’t it outsell the Mac?
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WillRob
Something which in its most expensive form costs less than the cheapest Mac? Why wouldn’t it outsell the Mac?
It’s new. It’s hot. It’s less money. No surprise to me either.
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Changewave is reporting an impressive satisfaction rating of 91% for iPad owners. Some great information on satisfaction and demand here.
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Friday
R4 262.19
midpoint 258.37
R3 254.55
midpoint 250.73
R2 246.91
midpoint 244.63
R1 242.34
midpoint 240.81
PP 239.27
midpoint 236.99
S1 234.70
midpoint 233.17
S2 231.63
midpoint 227.81
S3 223.99
midpoint 220.17
S4 216.35 -
testing S2 in PM now…
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An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.
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testing S2 in PM now…
Has it to do with this: The End of Apple Inc (NASDAQ:AAPL) ?
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testing S2 in PM now…
Has it to do with this: The End of Apple Inc (NASDAQ:AAPL) ?
Lol, who the f**k is Rocky Biggs!
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An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.

