“If you’ve held Apple for the past 365 days, chances are this is a happy New Year’s Eve,” Lee Brodie reports for CNBC. “Shares of Apple are about 25% higher for 2011.”
“But now investors must evaluate if the growth and Apple magic can continue into 2012,” Brodie reports. “Skeptics argue that Steve Jobs was the creative genius behind the firm, and that the company risks a serious misstep without him.”
“However both Jon and Pete Najarian don’t see it. They believe that CEO Tim Cook will lead the company as competently as Mr. Jobs. They say Apple will continue to wow the crowds, and more,” Brodie reports. “‘I would own the stock right here, I think it has a lot of upside in 2012,’ says Jon… Not only is he bullish on an expected refresh of the iPad and iPhone 5 – he thinks Apple is about to introduce a new [television] gadget that will be as much a game changer as the iPod was when it was introduced.”
Brodie reports, “Brother Pete also expects gains but for another reason –a dividend. ‘Sooner or later they’ll pay one, I think it comes when they surpass $100 billion in cash on the balance sheet,’ he says.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]
NOBODY seems to understand the importance of Siri yet; it is quietly (in beta) collecting massive amounts of data as the program learns. It is artificial intelligence so its accuracy—efficacy—grows with increased use. The mouse, the click-wheel, even the touch interface was a matter of engineering genius and incremental improvement; Siri _learns_ on the go.
Happy New Year all!
I pray that Apple can safely guard the Siri database from industrial spies. Maybe Siri will be tougher to rip off than the iPhone user interface and design.
I don’t pay attention to money people. Or rumors, or projections. Aint no guru gonna see through my eyes.
Dig it .
A hundred billion (dollars) is a nice round number. Might take a few months to get there.
I like this trend!
Thu, Dec 31, 2009 -210.732
Thu, Dec 30, 2010 -323.66
Dec 30, 2011 -405.00
If you could go back to 1999 and buy 100 shares (split-adjusted ~6/share), do you think you’d brag about it?
I do.
Still waters run deep
Does 2003 and $7.49 count?
My 401k has been very Happy each New Year 🙂
Buy & Hold on AAPL!!!!
2012 = $555
2013 = $655
2014 = $755
2015 = $855 bucks 🙂
Whatever you’re smoking, I want some. I’m sorry, but I think you’re getting just a teensy bit carried away with the Apple bulls’ expectations. Apple is sitting at $405 and struggling to hold that. Obviously, there is no precedent for Apple to run up to $555 in a year no matter how many iPhones or iPads are sold. Wall Street is not going to give Apple that much of a run no matter what anyone says. Just be somewhat realistic. All shareholders are going to see is a P/E compression as Apple piles on revenue. You’ve seen the 2% growth rate future predictions at asymco. Wall Street just flattened Apple’s growth rate charts like a broken pole. That’s the Wall Street attitude you’re facing.
You don’t think Wall Street is going to allow Apple’s market cap to stay above ExxonMobil’s at $400 billion, do you? Apple can’t be allowed to stay the most valuable publicly traded company in a financial market of chaos. It won’t make sense to anyone in the world of finance. Why do you think they’re always mouthing about Apple’s imminent fall from power? Wall Street actually wants Apple to fall, otherwise they wouldn’t keep viewing the company so negatively. They could just accept it and run with it if they wanted to.
On that note, have a great New Year and best of luck to all the Apple longs. You’ll need all the luck in the world to get those absurdly high share numbers.
“Obviously, there is no precedent for Apple to run up to $555 in a year…”
Really? You mean like in Feb 2007 with the share price at $90, when I bought Jan 2008 $150 calls for almost nothing, and then AAPL closed out the year at $202? You mean like that run from $85 to $202 in 12 months? TheWiseInvestor? TheWise-ass, maybe.
Watch him disappear in just a few weeks time
Apple’s success is based on their ability to maintain excellent profit margins on their hardware sales. No other company has ever done that.
Wall Street manipulates aapl to make money out of their hedge funds etc.
There is no logic to the stock market except that it is set up to make money for those who control the system.
To perpetuate the BS that Apple’s fundamentals prevent it from growing in stock price is typical of the audacity of those running the stock market. There is no logical or emotional basis for those actions except for pure manipulation.
For Apple longs they cannot control the manipulation of Wall Street. The best they can do is to determine whether Apple’s performance will be good enough to keep the stock rising at a greater rate than the rest of the industry.
Apple should buy a bank and show those Wall Street’s shysters on how not to run the banks into the ground. Wall Street’s banks are exploitative and manipulative and they need to be taught a lesson on how to manage the banks professionally and ethically.
When Apple went into the retail bricks-and-mortar store scene, nobody ever gave it a chance to succeed. But they were proven wrong. Apple stores is an invaluable asset that other companies like Microsoft and Google are trying to imitate.
I feel that Apple could use its own bank to manage its huge pile of cash rather than getting a pittance out from Wall Street’s Shylock banks. And as a bonus of breaking into a new business and changing another industry.
Oh Wise Investor.
There is every reason why $550 is possible and even probable.
If you split the difference on Silverhawk’s run-up figures, it’s possible in 2012.
If you accept that in late January 2012 Apple will announce Q1/2012 figures that are markedly above any revenues reported before (let’s say somewhere between $37B and $44B in ONE quarter mind you), what will the outcome be as the rest of the year unfolds?
What will Apple’s liquid assets be as at 31/12/2011?
What revenues might we expect for the March quarter with iPhone 4S in full swing around the world?
What about the June quarter with 3 months or so of iPad3 sales?
Do I need to go on?
If you are ‘wise’ enough to be long AAPL, then have a little faith. Take a look at any share price graph for AAPL over the past three years, mostly past the serious blips of the American financial madness of 2008 to 2020. Just smooth out the line for the few kinks in it and run it forward to end 2012 or beyond. What price do you see for December 2012?
This is a simplistic approach, I agree, but it is just an illustration based on recent historical share price dynamics. You should get a price indication around $530 or more. But this is based on the current gradient of the share price graph line. Stellar quarterly performances will trend the line upwards over the coming quarters. I expect the slope to rise significantly in the next 6 months therefore, all else being equal, and believe that $550 is rather on the low side for December 2012 prices.
Well, you can say what you want. I’m not likely to sell any AAPL in the near future (well, maybe a couple – just enough to pay for a new iMac).