“Now that Apple’s (AAPL) shareholder meeting has ended with no grand plan to save the stock price, investors may need some assistance finding reasons to hang on to their shares,” Dee Gill writes for Yahoo Finance’s YCharts.
“Helpfully, the financial page of The New Yorker magazine this week offers several,” Gill writes. “A piece by James Surowiecki quite elegantly disses Apple bashers, offering reminders that the investment community has underestimated this company before.”
Gill writes, “We at YCharts thought we’d offer an illustrated version.”
Read, and see, more in the full article here.
James Surowiecki writes for The New Yorker, “The company’s fundamentals are simply too good to justify panic. Its cash hoard is bigger than the market cap of almost every company in the S. & P. 500. It makes the world’s two best-selling phones. The U.S. market may be maturing, but it’s still immensely lucrative and far from tapped out, and Apple is the market leader in both smartphones and tablets. It’s also by far the biggest maker of tablets worldwide. Unlike its competitors, it also does an exceptionally good job of turning sales into profits: in 2012, according to one study, Apple accounted for sixty-nine per cent of all profits in the world mobile-phone market. That doesn’t sound like a company whose stock deserves to trade at a price-to-earnings ratio well below the market average.”
Much more in the full article here.
I suggest Apple can do like releasing cheap no profit phones then market share will increase = growth . That is what the Market wants . Just release no profit phones and the market will handle the rest by DREAMING imagining such growth will turn into profit .
I think you forgot to end your post with a “/s”, indicating sarcasm.
Without it, you might find PeePeePeterson agreeing with you.
Analysts price AAPL as if there will never be a new product. Pretty short sighted.
It’t the usual ‘Blunder Of The Age’: Short-term thinking, long-term disaster.
Oops, you went all ‘Apple Bear’ and were entirely wrong. Your long-term loss, dummies.
Apple is too different, that’s the problem. Formulaic analyses don’t work well with market disruptors, and because of Apple’s extreme secrecy so little data exists that baseless rumours take hold and scuff the shine.
Apple seems different in how it is perceived by those who shape investment strategy and influence trading. Is there another company whose P&L doesn’t speak for itself, whose CEO’s performance is judged against legend, whose growth prospects are dismissed with prejudice?
It’s almost as though critics, after recovering from Apple’s surprise attack, fixated on pixie dust as the only comprehensible explanation for its success. They aren’t seeing the glitter any more, ergo Apple is declining.
One can only sigh for the state of our human minds—full of wonder, at times, and cement, at others.
Bingo..!!! Plus, I think there is a bunch of human greed in play with market formenting.
JAT.
en
This has always been the perception of nay-sayers of Apple products, all glitz and shine, and no substance. Product-wise, (especially with regard to desktop computing), relatively few ever got the experiential quality of Apple computing products and I now see that same, attitudinal-short-sightedness, in the stock market.
Right ’cause there’s the iWatc-…oh wait…
Elegant way, good idea.
While your hanging underneath the bridge and lose your grip eventually can only hope the water is deep enough, you know how to swim and you have a good bar of soap handy.
Loose, apologies.
Hey…we need a new meme-y hipster word for posters who respond to trolls………mmmm…..iPhonies?….no……Appholes?….no…..Appologists…..eh?!….no…….wait I got it!……….CRACKERS!!!!!!!!
The problem is not Apple, the problem is fundamental to the Market, Apple should go back to ignoring the Market like it did under Jobs. Fear and Greed are no way to run a company, but that’s what runs the Market. (oh yeah, add Stupidity as well)
In case you didn’t notice yesterday, Tim did just that by doing nothing.
The best defense is a good offense. As long as Apple produces excellent hardware and software the critics have nothing to say.
They have nothing to say right now, but that doesn’t stop them from talking shit non stop, does it?
Talking trash doesn’t require intelligent thought and inteligent people know trash when they hear it. Do you?
Ah, but talking shit is not quite the same😁
I suggest Apple can do like releasing cheap no profit phones then market share will increase = growth . That is what the Market wants . Just release no profit phones and the market will handle the rest by DREAMING imagining such growth will turn into UNLIMITED profit like Google
The problem is stock market manipulation.
Now I will always think of Apple as a bumblebee!
The sooner that many Apple commenters get their heads out of their asses and realize that not only that Apple does not give a shit about the stock price, but that the stock price has absolutely no bearing on Apple’s actual performance, they better off we will all be.
Just in case ppeterson didn’t read to the end of the first article:
“Here, we would like to make a point that Surowiecki doesn’t: that Apple remains one of the most recommended shares on the planet. More than 50 analysts follow Apple, and some 40 still have buy or outperform ratings on the shares. Goldman Sach’s recent survey showed that Apple is the third-most popular stock in hedge fund portfolios, and it still made the list of popular fund buys last quarter. The critics are louder now, but there’s still a lot of faith in Apple.”