Apple stock higher today on strong iPhone 6/Plus sales momentum

“Shares of Apple are up 0.28% to $113.26 in pre-market trading after Oppenheimer reiterated its ‘outperform’ rating, its $130 price target and raised its estimates for FY2015 and FY2016 revenue and earnings per share,” Sebastian Silva reports for TheStreet.

“‘We update our AAPL numbers based on strong iPhone [6 and 6 Plus] sales momentum and renewed outlook on Apple Watch. Apple remains our top pick in the handset value chain,’ Oppenheimer said,” Silva reports.

Silva reports, “Analysts provided the following Apple model changes: FY15E and FY16E revenues/EPS to $221 billion/$7.85 and $235 billion/$8.83 from $220 billion/$7.80 and $229 billion/$8.58, respectively.”

Read more in the full article here.

MacDailyNews Take: $221 billion. $235 billion. Let those numbers sink in for a moment.

Even for those who always had faith in the vast promise of Apple, it’s still amazing to see how just far and how quickly the company has come since the dark days just before Steve’s return!

18 Comments

  1. Speaking of the stock price, lets all resolve that the first objective of 2015 is to convince Tim Cook to take his zillions and retire.

    With the mess that Yosemite has turned out to be, with the iOS 8 debacle, with us having to spend time reconnecting to networks, shutting down, restarting, worrying about security, etc., etc., isn’t it time to ask this question:

    Why doesn’t it “just work” anymore?

    The answer will lead us directly to Tim Cook. He stands in the path of Apple Inc. reaching its full potential on all levels – software that just works, hardware that just works, and an AAPL price that reflects the full value of the company and its potential to keep innovating and keep getting better rather than slipping backwards.

    Getting better begins with Tim’s retirement. Let’s make that happen and ensure that Apple’s best days are those that lie ahead and not those we look back upon and wonder what happened.

      1. He lives on a different planet, obviously. They apparently also have Apple Inc., but their Tim Cook seems to be standing in the path of their Apple Inc. He probably just got the two planets confused.

        Or he is a fscking idiot….

        1. I am not a troll. Outside the MDN world of lemmings, (and to some extent, within) my opinions are being echoed as the reality of what I said in my first post above is taking over the discussion of what’s wrong with the leadership at Cupertino.

          Be in denial if you wish, but ANY argument of what’s going on in this company will fail as we realize the good things are a result of momentum from the past and NOT about optimism of the future.

          Tim Cook is not regarded as a capable leader of the world’s most valuable company. As a result, consumers and investors alike are being denied the results they deserve.

          Ask yourself this question: Why does Yosemite remind us more of MSoft than it does of the traditional ways we have celebrated Apple’s OS releases of the past?

          The answer is clear: Tim Cook isn’t up to the challenge. Steve would have screamed “hell no” when any suggestion of releasing Yosemite reached his ears. He would have said it is NOT what Apple does and until we get it right, we will keep working on it.

          Cook is where he is because of the company’s success and if he remains, he will be there when all the tech world is talking about what once was and is no more.

          1. Yosemite release, as problematic as it is perceived by some to be, is an infinitely better, more complete and more functional than OS X (the first commercial version that actually shipped with Macs, back in the early days of this millennium). Steve Jobs personally presided over the public release of an OS that didn’t even have a working DVD player application, to mention one of many things it was missing.

            I would like to know, how many years have to pass after the death of Steve Jobs before we can stop hearing about Apple riding the momentum from the past? Steve stopped making decisions regarding Apple some three and a half years ago. The company’s market cap (= stock value) is now about twice as high; $28 B was the quarterly revenue and $6.6B was profit, with the cash stash amounting to $81 B back then; in the last quarter, revenue was $42.1B, with profit of $8.5B and cash reserves of $154B (and that’s after paying dividends).

            Apple’s market cap is far higher than anyone else’s. There is simply no place for AAPL (the stock) to go, since it is already the biggest — there is nobody else to beat. Many investors simply don’t think it is possible for a stock go grow any bigger once it becomes the biggest one on the market.

            As far as products are concerned, there seem to be legions of followers of Saint Steve who simply refuse to accept the reality that he is gone, and has been effectively replaced by someone else, and the company continues to exist without him. For these followers, Apple should simply shut down, give money back to the shareholders and if anything is left over, build a massive shrine to St. Jobs at 1 Infinite Loop. Because without Steve Jobs, Apple cannot, and should not exist, and no matter what Apple does now that Jobs is gone, it will never be good enough, so it may well just shut down, out of respect for its Great Leader…

    1. Jay…your back (!) with another comment full of sparkle and promise. It’s so fitting in this Holiday season. You know…what Apple has done under TC’s leadership–hit/passed two record high stock levels, tarnishes the sparkle of your words.
      I’m guess you merely enjoy being provocative–some may call this being a troll? I like being provoked, but it helps me if the thought is rational and linked to truth. Maybe Santa will provide you this gift before your next post.

    2. Ah Jay you are back, while you’ve been gone, the Apple Stock has gone right up, nicely past the $100 mark, Apple’s opened up a store in Saudi Arabia, great initial response with Apple pay, and fantastic sales of the iPhone 6/Plus. They have also topped a poll in the #1 brand of wearable computers without the release of the watch even though they haven’t released it yet. Of course you’ve preempted your opinion of the watch calling it “clunky” without having even seen or tried one (I’m not talking about photos). Apple’s also raised over $100 million for RED. Tim Cook has also been named Financial Times’ 2014 person of the year. He’s bringing in experienced staff, and getting active in social issues.

      That’s good leadership Jay, but as good as it is, there are issues, the most important one being that Tim Cook cannot make the blind see. You are a living testimony to that.

      You say you aren’t a troll, and I’d tend to agree, but you sure act like a broken record, redundant and repetitive that’s for sure as well as being one post wonder, absolutely no diversity in the topics, and certainly no diversity in the insults. You still continue to refer to the MDN community as lemmings, failing to see the great diversity of people at MDN, and failing to see any of the fine leadership qualities of Tim Cook. To top it off you are asking this bunch of “lemmings” as you call us to join you in a resolution to remove Tim Cook. Jay Jay Jay, I’ve called you stupid before, and again you have proved that you are well worthy of that.

      Your suggested resolution to get Tim Cook to retire is going to go over the cliff lemming style. There is a getting better that does not require Tim Cook’s retirement but it takes a great leader to do it and I doubt you have that capacity, but hey, surprise me.

      “You know, wishing won’t make it so
      Hoping won’t do it, praying won’t do it
      Religion won’t do it, philosophy won’t do it
      The supreme court won’t do it,
      The president and the congress won’t do it
      The un won’t do it, the h-bomb won’t do it,
      The sun and the moon won’t do it
      And God won’t do it,
      And I certainly won’t do it
      That leaves you, you’ll have to do it”

      Merry Christmas Jay.

      1. Come on, Road … the damn stock is stuck at it’s former peak while the rest of the market is setting new records almost every day. You have to ask yourself why. When you do so honestly you will come to the conclusion that there is ONE and ONLY ONE reason – the company’s CEO doesn’t inspire any confidence on Wall Street and investors are totally unimpressed with his leadership. Coupled with the mess that is called Yosemite and we are left with only the reality that the company is not what it once was and never will get back there, much less beyond, until a dynamic leader is again at the helm. Tim can get recognized by every financial magazine and cable channel there is and it won’t mean a thing. Just watch AAPL hover around it’s current level, continue to deny the reason for that and nothing is going to change.

        Merry Christmas to you and yours, Road.

        1. Come on Jay, you come in here trying to get people to come around getting a resolution going and then call them lemmings. That’s not leadership Jay, that’s stupidity, unless of course you want turn a mob against you, if that’s the case, mission accomplished Jay, even though I won’t join the mob.

          The stock is moving, Apple is no longer an exponential growth company fortunately. You need to look at the Malthusian growth curve. You cannot sustain exponential growth indefinitely, you have to either plateau or crash. That’s a living principle.

          You are so narrow minded when you compare the market to Apple. Apple has been one of the best growth stocks ever. It doesn’t crash and burn, it survived the dot com bubble. There is one reason for that, TIM COOK.

          “We do things for other reasons than a profit motive, we do things because they are right and just,”

          Apple’s existence isn’t to satisfy or inspire confidence with wall street. Yosemite is not a mess, Windows is a mess. There is a dynamic leader at the helm of Apple, you are just to blind to see it. Getting recognized by financial magazines and cable channel does mean something. Selling iPhones and making money hands over fist does make something. Ethics and morality do mean something.

          You have a fetish for bashing Tim Cook and the stock price of Apple, and you’ll keep whining about it cause you don’t have the intestinal fortitude to shut up, walk away and invest your money in a stock that suits your needs and cheer a good leader. You focus so much of your energy on getting rid of the darkness that you see as Tim Cook that you have no clue on how to bring the light in. Clueless Jay, and your arguments and conclusions are the same.

          Newsflash Jay, you don’t get people to rally around your cause by calling them lemmings.

          You have no clue how to sing songs of praise, just whine. You predictions are useless Jay, cause when the surge in the Apple stock happened you were no where to be found and a lot of MDN posters made comments about it.

          You try to posture yourself as a bad weather enemy, hiding in the shadows and when the light of Tim’s success shines bright, and those who support Tim are cheering you are nowhere to be found.

          Do what you like Jay, it’s free will but frankly you are pissing in the wind.

          Happy New Year as well.

          1. While you are an exception basing your support for a weak CEO on some success in selling their superior products, most of the traffic here is from those who have no reason at all for their blind defense of Tim Cook.

            You give me no credit for even the possibility of being right in my assessment of the weak leadership that perfectly characterizes Tim Cook. I say put a dynamic leader in the CEO chair and watch AAPL begin to reflect BOTH the potential of such leadership AND the value of the company.

            Yosemite may not be Windows xxx but it also certainly is not Apple quality. Even the nameless MDN commentators agree it is, based on comparison to what used to be, a mess.

            I’m not foolish enough to believe I will change the discussion around here but I do believe there are those who look at my opinion and realize I could just be right. They won’t say so, but a little voice inside them causes them pause when they recognize how much AAPL is underperforming and the company’s products disappoint them and have absolutely no way to explain why.

            I provide the answer to that question.

            As to my absence from the discussion whenever some roll out of a new version of something in the Apple world causes momentary exuberance – I just let it run its course and then remind people of how little they really had to celebrate.

            Stuff isn’t working and AAPL doesn’t reflect the value nor the potential of the company.

            The kind of emotional support Tim has from those satisfied with far less than what there should be means he can stay as long as he wants. That’s the problem. Pure and simple. The company needs a dynamic leader and the fact that it doesn’t have one means we are missing so very much from what there could/should be.

            I’ll go away but the truth will remain.

            1. Jay, I don’t think I’m an exception. Take a look down the list at the article “Declining iOS and OS X quality imperil Apple’s future growth and retention”. There are 84 posts there, and I’m one of them. Apple has a very critical audience, at least I think so and the software glitches are definitely worthy of concern. MDN made a brilliant commentary on it and it’s one area that Apple needs to focus on. It should just work, but at the point that it requires getting rid of Tim Cook, no where close.

              I’ll give you credit that Tim Cook is not a dynamic leader. We had a discussion on the parameters of great leadership, a dynamic leader is nice but being dynamic is not an essential quality. Putting a dynamic leader that is all show and no substance will show a different potential for Apple. Again, your focus is on the stock but it’s not everything.

              Your opinion is certainly valid, but how you approach it, well it’s not a draw card for me. It does not rally me to join any fire Tim Cook bandwagon. I’m happy, very happy with Apple overall and Tim Cook has a lot to do with it. The stock underperforming, heck that goes way back to Steve Jobs’ day, it’s a question of values, Apple’s values are different that Wall Street and frankly I love the integrity that Apple has, even if it costs them money because money is not the only value that is important.

              You certainly could change the discussion around here. It’s simple:

              – Start treating the community with respect, forgo the lemmings insult.
              – Diversify your comments. The redundant “fire Tim Cook” is a singular topic, broaden your horizons.
              – Try saying something positive, your posts are dark, and energy draining. Stop pointing out problems and generate solutions. Drop the fire Tim Cook and say “HIRE this guy as Apple CEO.” Now that would be a change.

              There is a lot of Apple stuff that is working, iPhone sales and ApplePay to name a couple. You ignore this.

              There’s a huge voice that says you could be wrong Jay. Consider that.

              You said you were going away once before, and here you are again, regurgitating the same old same old as before.

              I’m going now, I’m going to read “CNNMoney’s 2014 CEO of the Year: Apple’s Tim Cook” another recognition of Tim Cook’s GREAT LEADERSHIP and yes that matters.

              Who is your great CEO of the year Jay?

            2. Road Warrior is right, Jay Morrison, and you have been consistently wrong in your doomsaying for quite some time. Do you think that we will forget your previous failed prognostications just because you left for a while?

              The “lemming” label and disparage bullcrap is an old and well-used political tactic. Anyone who falls for that deserves to join your world of delusion.

              Straight up, Jay, the vast majority of us on this forum harbor intense dislike for you simply because of your unappealing personality traits as expressed in your posts. We do not give credit to you because you don’t freaking deserve any credit. It has nothing to do with lemmings or any other mystical cultish jumbo jumbo that people have historically attached to Mac users. We do not believe you for entirely valid and just reasons, and we have no need to defend our viewpoints to you. The truth will remain, and it appears that it will remain a mystery to you.

              If you had any brains, you would just stay away from this forum and troll elsewhere for your jollies. The fact that you keep coming back just proves you are nuts.

              Unlike other, more kindly folks on this forum, I do not wish you a Merry Christmas or a Happy New Year. I merely wish you good riddance. You waste my time, and that is not an offense that I am inclined to forgive.

  2. It doesn’t seem Apple’s share price performance is being strictly based on iPhone sales. Even as iPhone demand remains high, the share price has been falling so there is likely other factors that Apple has no control over. All those buybacks hasn’t made Apple more attractive to investors than Microsoft or Google as far as P/E is concerned.

    Believe it or not, H-P has handily outperformed Apple over 52 weeks and YTD. Seriously, what fundamentally makes H-P more attractive to investors than Apple? I’ve looked hard but I can’t tell. Apparently Wall Street is finding cloud services very important and Apple doesn’t offer what Amazon, Microsoft and H-P offers in cloud services.

    1. The only thing that I can offer for consideration is that these investment “experts” believe that these other companies have greater growth potential, thus the higher P/E. Part of this is undoubtedly concern over Apple’s size. How can a company that has grown so huge so fast possibly maintain its vigor, much less continue growing revenues and profits? Look at all of the competition, after all! This same argument was used when Apple’s market cap was $100B, $200B, and so on. Certainly there is a limit to Apple’s growth…nothing can grow without bound except, perhaps, the universes itself. But there is still room for Apple to diversify and grow, and the company is still generating massive revenue and profits. I am staying on for the ride.

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