“One of the best (in my opinion) and largest companies in the world is on sale,” D.M. Martins Research writes for Seeking Alpha. “At least this is how I see Apple stock’s 7% dip over the past few days, as analysts turn cautious about the tech device maker’s iPhone sales ahead of the release of fiscal 2Q18 results.”
“I calculate that the implied effect of Taiwan Semiconductor’s guidance drop to Apple’s full-year net earnings would barely breach $7 billion,” Martins writes. “On the other hand, AAPL has lost a whopping $65 billion in market cap over the past few days – way too much for my taste, considering the worst-case financial impact to the company.”
“From my perspective, the bar for fiscal 2Q18 results has already been lowered enough, particularly in regards to iPhone sales and following Apple’s bursting of the ‘super-cycle bubble’ that I discussed a few months ago.,” Martins writes. “Therefore, I find it unlikely that next week’s earnings report will disappoint. I may very well accumulate shares on this most recent, silly dip.”
Read more in the full article here.
MacDailyNews Take: AAPL was undervalued before the recent BS-fest. It’s even more undervalued now.
Analysts are “worried about iPhone.” What are they worried about, that Apple’s iPhone will take 100% of the world’s smartphone profits?
Profit from the painfully gullible. — MacDailyNews, December 26, 2017
SEE ALSO:
Apple’s iPhone captured 86% of global handset profits in Q417; iPhone X alone took 35% of global handset profits – April 17, 2018
Apple’s iPhone X is the UK’s most popular smartphone – April 9, 2018
Apple’s iPhone X and 8 Plus offer superior battery life vs. Samsung’s Galaxy S9 – April 3, 2018
Apple’s iPhone X sales continue to disappoint, some analysts say – March 22, 2018
Ignore the iPhone X naysayers – March 10, 2018
iPhone X drives smartphone revenue dominance; Apple made more money in Q417 than the rest of the smartphone makers combined – February 16, 2018
Apple iPhone took more than half of worldwide smartphone revenue share in Q417, a new record – February 15, 2018
Will the naysayers admit they were wrong about Apple’s iPhone X? – February 5, 2018
Strategy Analytics: Apple has shipped 1.2 billion iPhones in the past 10 years; $760 billion in global revenue to date – September 8, 2017
Apple took 83% of smartphone market profits in calendar first quarter – May 16, 2017
While I agree it’s still a good deal, is anyone really driven to buy now for less than a $3/per drop?
Come on…
Less than 3 dollors drop ?
How about 20$ from all time high and 16 of in just the last 2 weeks..
Its ridiculous ..
The charlatans have succeeded in manipulating the loose hands..unfortunately!
The super cycle will happen with the new lineup starting this sept!
With the 6.1 lcd leading the way and 6.5 and 5.8 oleds following ….and add on top the rest !
I’m long APPL. I’ve made 15 times my initial investment and I see no rational reason why that return won’t keep increasing. I love it when trolls and dum dums talk smack about Apple. Buying opportunity! Every little bit helps.
This type of decline really doesn’t bother me. We will see what the Apple quarterly report reveals.
Dear Apple,
Stop selling new stocks. You know why? You no longer need money from stockholders. You know why? Because you are independently wealthy. You are no longer a beggar, you know, like when you begged money, and got it, from MS.
I would imagine Apple is busily buying up its own stock at this moment.
I would hope so. Besides, I doubt if anyone else is buying Apple now since Wall Street is in panic mode. Right now, Apple is a good buy if all you’re interested in is dividends as there might be a more than usual increase in dividends. What else does Apple have to drive the stock up? It’s so perplexing that a company with so much spare cash can’t use it to directly increase revenue with some worthwhile acquisition. There has to be some company out there for Apple to work with.
Although the iPhone is taking all the profits, Wall Street is only interested in growth and it appears the iPhone has zero or negative growth and that’s not good for anyone. I refuse to get angry with this uncalled for dip in Apple’s share price. Each time the stock takes a run towards the $1T mark, some negative news knocks it back down and in this case it was basically supply chain rumors, yet again.
Got me some long call options today!
The stock has been doing well but the company is a house of cards. The day of reckoning is coming. Invest at your own risk.