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Apple Stock Extremely Volatile After Trading Resumes
Extremely volatile action: assorted Atari system short circuiting with no benchmark to compare results against.
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"Extremely volatile action"
Not really.
can atari figure out the impact of iphone accounting change?
When accounting changes are normalized, the accounting reflects weaker financial performance despite higher unit sales. That tells me that those margins are flying out the window.
In correlation with those fundamentals, trend support near $190 would wipe out the January 200 calls being held deep-in-the-money.
January calls expired so your point is moot.
January options expired so your point is moot.
That would be less than moot! It was too late to edit my typo. But since you didn't get the gist of the message, let me clarify the expiration as "February." Thanks.
they got theirs, time to short.
Earnings priced in, time to sell.
Do you ever think that maybe Apple is the one with the high frequency box.
obvious insider information buying the rumor and selling the news.
The consumer ain't buying crap. Those who "must" buy an iphone are doing without some other gadget, or clothes or whatever.
When are they going to stop pretending that people are spending money? I don't know anyone who is spending money anything close to how they used to.
Yeserday, I found out that two more friends have been laid off.
We're chest-deep in shit people.
What are shit people?
LOL
i know the crap people!
LOL. We all know some, don't we?
Congress.
Particle man particle man. Doing the things a particle can. What's he like it's not important nobody knows particle man.
Shit people are the next evolution (de-evolution) of sheeple, when instead of acting righteously and self deserving on such issues as to whom the 'Merican idol trophy goes to, they give up their rights and sovereignty all together (all to geithner?) and wallow in the mud.
Science fiction writer Ben Bova wrote:
The most prescient — and chilling — of all the science fiction stories ever written, though, is “The Marching Morons,” by Cyril M. Kornbluth, first published in 1951. It should be required reading in every school on Earth.
The point that Kornbluth makes is simple, and scary: dumbbells have more children than geniuses. In “The Marching Morons” he carries that idea to its extreme, but logical, conclusion.
Kornbluth tells of a future world that is overrun with dummies: men and women who don’t know anything beyond their own shallow personal interests. They don’t know how their society works, or who is running it. All they care about is their personal — and immediate — gratification.
yea right, read that one; always thought Bova didn't happen to know that mankind has had 4 million years of evolution, and that famine, natural disasters and the environment tend to weed out the morons first. Their descendants (hopefully not yours) won't be mankind's future, whatever the MSM and the political lots wish for.
Sounds like most of our elected officials!!!
Sounds like most of our elected officials!!!
*shiver* eery.
An idea well summarized in the first few minutes of the film "Idiocracy" and then developed throughout the remainder of the film in somewhat humorous detail...
Watched that movie a few years ago and I'm reminded of it on nearly a daily basis.
Do they have to re-state past earnings due to this change?
Yes, it's in the filing.
It's been a "sell the news" market for 2 weeks now.
Went in a BestBuy yesterday to look at laptops. Big store, few customers, lazy staff shooting the breeze, and the standard laptop (4GB RAM, 320-500GB hard drive, etc.) runs from $650-$900.
Then went into an AAPL store, half customers and half staff, some holding training sessions on how to use the 5000 aps for the iPhone that nobody will ever need and which we all lived quite well without for the last 18 billion years. Standard MacBook runs $1599.
Must be a religion, not a company. Maybe someone can explain.
Didn't you know that spending 3x more for something means that it's better?
Even if it has half the specs that the other computer has (I bet the 1599 macbook has 2GB of ram, etc).
There are some people (most of whom don't know how to turn on a computer) that would spend 3x more on poo on a stick because it has a glowing Apple on the back. And that's real...
Look, I used to hate Apple products. Windows/Intel all the way for me.
Then I got an iPhone.
Do you have one? From the tone of your comment I'm guessing you don't.
Buy one. It will change your mind.
I'm holding off on my opinion on this "tablet" thing until I know more about it, but the idea of a larger and more powerful iPhone/PC has enormous potential if it's done right.
My Palm Pre kills an iclone. I've used an iclone before (the first 2G version), and I must say that I love my Pre much, much more.
When the shit phone breaks it will change YOUR mind. I've heard the lifespan estimated at around 1 year. After that it's an "expensive alarm clock". That's assuming you don't break that stupid touch screen. I feel sorry for anyone who has to type an email on that thing.
Consumers are so dumb that they have to buy the same things over and over, just in different sizes and colors. Why does your SUV have to be as big as possible when your computer has to be as small as possible?
That's why I hate touchscreen phones! I used to have an iphone, but for whatever reason the touch sensor got off center, and then I couldn't use my phone for shit until I bought another phone.
Now I have a phone with a touchscreen, but it has a QWERTY keyboard that slides out that is much better and more responsive than the iclone's keyboard.
All the other features simply KILL the iphone. The functionality isn't even close. I can listen to pandora or accuradio while surfing the web, or listen to my own music library that all remains in mp3 format.
If I get lost, I just type the address into my phone and my phone tells me where to turn and how to get there. I didn't have to pay 60 bucks like on iclone for that service. It was included.
I'll never get a phone with simply a touchscreen keyboard again. THAT was the worst decision of my life.
Also, I wanted to come back and bash Apple some more.
I think that for all the crying they did in the late 90's and early 2000's about Microsoft's monopolistic business practices, they sure don't open Iphone and Mac up to people.
Itunes, while moderately decent, doesn't really let you transfer your music to other computers without a pain in the ass involved. Then, you have these worthless proprietary files that aren't good for anything but ipods and iphones, and HOLY COW if somebody like Amazon mp3 wanted to sell to iclone users.
My pre lets me drag and drop files to my phone through windows explorer. Then it sorts and names the music files for me. If I want to buy music on it, I just buy regular ass mp3 files from Amazon, although itunes recognizes it as an ipod (or at least it did when I first got the phone).
It syncs all my contact information and e-mails in one place, it syncs all my calendars from outlook, google, yahoo, blah blah blah. I can use more than one app at once without having to buy a special app to do it, and switch easily between them as needed.
Plus, the Pre has TV. Also, it has turn by turn gps, which is something that you have to pay an extra 60 bucks for on iclone.
The Pre has a full QWERTY keyboard with its touch screen. The iclone just recently got landscape keyboard on its 3GS.
I could go on and on, and while the iclone is a pretty good and innovative piece of technology, it certainly isn't the best out there.
I don't need 5000 apps to take the temperature of my poop when I go to the bathroom. What I need is funtionality.
I'm sorry about the Apple rant, I just really, really hate Apple and think that even the iphone is inferior to other products... and believe me, I'm a phone junkie.
We lived without electricity, automobiles, antibiotics and vaccinations for 18 billion years too.
The iPhone aps are THAT good? Damn, Jonas Salk wasted his time.
Yeah, the iSalk rules.
and employer paid health "insurance" until WWII.
Look Apple is very simply to understand as well as their future.The bottom line is they make superior products. Their computers are considerably better than any PC on the market and you are not bogged down with viruses, the interface is great and the true lure is now the synergy between the IPods and IPhone. You cannot go wrong owning a Mac or an IPhone. I have an IPhone and it is by far the best phone on the market. To have blind hatred toward the company over the products makes little sense. There are however some hurdles they will encounter but make no mistake about it Microsoft will lose 70% of its market cap in the coming decade and Apple will take their place.
So what are Apples problems in coming years and revenue?
1) Regardless if they make computers that turn into Rosie the Robots the bottom line is we are in the opening stages of a depression. No matter who you are you are not immune.
2) Apple enjoys GRATUITIOUS margins currently. They are still stealing market share from PC and will inveitably causes companies like Dell to go under. The margins will not last. When there is 25% unemployment and shrinking consumer credit and people cannot even afford to pay bills Apple will be forced to eventually offer a very cheap netbook type comp and the macbook may fall to 750. The fact that people will sell anything not nailed down in coming years in order to pay bills when unemployment runs out will be a hinderance.
3) The gap between cellphone technologies will only shrink in coming years. Simply put the Iphone cannot remain by and far the most incredible phone on the market forever.Everything has a lifespan. This may still be 5 years from now.
4) The creation of the IPod & Iphone were RARE EVENTS on innovation. To replicate this annually is a near impossibility.
5) There is inevitable cannibilization of IPod sales from Iphone and you can expect this to increase further depressing margins. They are redundant.
6) Apple enjoys subsidies on 95% of the Iphone sales from ATT.
7) Steve Jobs will not live forever. Until the IPod came along Apple was a distant third for market share and entertainment product sales. When you have Apple on your resume you will be enticed to join other firms with lucrative compensation. Top talent may not always be around.
8) Amazon Kindle owners have already built up a library. Many will remain loyal. Tablet purchases will inevitably cannibalize lower price macbook sales.
9) WE ARE IN A DEPRESSION. Macbook pros priced at 1500 could quickly become a thing of the past in 3 years simply because of deflation and credit contraction. Im sure most Macs are bought with credit cards because they are high ticket items.
So how does Apple continue forward and capture even more of the entertainment market?Well this is simple. I have been saying for 2 years they need to create an Apple LCD. Thats right sell TV's. The most untapped market remaining is the creation of digital libraries. An Apple TV LCD with the ability to sync your computers hard drive wirelessly will allow you to come home and transform your TV into your laptop or comp screen. It can also SYNC with your phone. This allows you to maintain a Master digital library for all your songs to be played throughout you household speakers and allows you to amass a Digital movie library. If they can monetize movie rentals and purchases on a grand scale that is the ballgame. People would be more inclined to purchase movies from Itunes if they had an Apple LCD home TV.
Also this is the reason I suggest shorting Netflix into BK. It is inevitable. Their only hope is that Amazon purchases them which will not happen. Netflix will go the way of Blockbuster and Barnes and Noble will as well once Amazon become the publishers of 90% of new releases in coming years.
Anyway do not hate the product. I just bought an HP last year to save a few hundred bucks and it was the worst mistake I ever made...well aside from being short since November and selling the US Steel I owned at 17.00 and the ISRG I owned at 92.00
Ipod wasn't an innovation, there were mp3 players long before the ipod. They just did the best job at marketing, and made the system idiot proof to transfer music to.
But really, would you want to use itunes when it uses a proprietary format and makes you enter a password to transfer its proprietary formats to other computers? I'd rather use Amazon mp3, or just buy cds for a fraction of the price of an itunes album.
If you want to justify owning a Mac because you don't use antivirus software, then that's fine. Spend another 1000 bucks because you can't spend 70 on Norton.
It's funny that you justify owning the Mac because of it's lack of viruses (which exists because there are so few Macs that nobody wastes the time to hack them) but then you say that the iphone is the best phone out there, when it is the most consistently hacked and securityless phone on the market.
There are many phones that are better than iphone, like my Palm Pre (for all the reasons I gave before) bu iphone just has the market share.
The touchscreen was an innovation, but to have an mp3 on your phone? Please, my Samsung phone in 2005 had that. And to be honest, my Pre sorts and plays music much better than my old iphone did, plus I don't have to use itunes and get some proprietary format either. Then again, I rarely listen to music on a phone.
Still, when I do, all I have to do is USB my phone to my computer and use windows explorer. I don't have to sync my itunes with my phone and get some proprietary, DRM protected format.
Wow, the macbook might sell at 750? It would still cost more than comparable HP computers, and probably have less Ram and less functionality. Once again, the only thing about PCs is that they are relevant, so you have to use antivirus software, which uses itself automatically.
Do you think that an Apple TV (probably twice the price of other tvs) would be able to compete with a Samsung or Sony? Do you really think that having an Apple TV would make people use itunes MORE? Itunes itself is the problem. It's so restrictive compared to other media stores that the only people that still use it are the people who don't know much else.
Is it really so hard to hook up a laptop to a tv? Not really.
I can hook my phone into my Sony Bravia home theater in 5 seconds. My PS3 has a hard drive with media already on it. Making an Apple TV isn't going to help Apple's market share much, because there are already much better options, like a Samsung 240 hz LED tv.
Iphone already isn't the best phone on the market. You say it won't be in 5 years, but there are already phones that kill it. The only thing is has more of are apps and games, but who uses their phone to play games anyway?
I could pay 60 bucks to get turn by turn GPS for an iphone, and use a shitty touchscreen keyboard to enter my location, or I could get any number of Sprint phones that already come with turn by turn gps for free, plus have tv with NFL games on them.
Apple has a decent product, but it's nowhere near worth the extra money paid for them. The computers are weak for how much they cost, and a 1700 dollar PC notebook with Norton antivirus would eat a 1700 dollar macbook for lunch.
The ipod isn't the best mp3 player because it uses itunes and only plays proprietary AAC or whatever files they are. It wasn't even the first mp3 player.
Then there's the iphone, which gets whooped in innovation daily. It was king of the hill in 2007, but 2007 was a long time ago. There are numerous other phones that are much better.
What Apple has is brand loyalty among a fanbase who knows little about technology. This has enabled them to go far. Still, as other computers and phones, etc, get even more idiot proof, Apple won't have a leg to stand on.
One day, people will learn that they can just buy Norton and have it scrub for viruses automatically at 1/3 of the cost of a Mac.
You could buy 3 PCs for what you buy a Mac for, and when the first PC breaks, you can just buy another one, and still be way ahead of the technology of the Mac that you would have bought.
So what was so bad about your HP? You didn't use antivirus software? Or "all the problems" of Windows Vista? Of course, I've never had a single problem with Vista, but I actually know how to use Windows.
Like I've said multiple times in my post, the only thing Apple has is a loyal fanboy base. They've been innovative in the past, but even their technologies aren't as cutting edge as you say. Only the iphone was innovative, but it's old stuff now. The only thing is has is market share, which will worsen as people can't afford to spend 1700 bucks on an inferior laptop.
"One day, people will learn that they can just buy Norton and have it scrub for viruses automatically at 1/3 of the cost of a Mac."
Haha...good luck.
People are so jealous of those who bought Mac's and don't have all these random MS related problems. It's clearly a superior product and they are creating an efficient ecosystem with these products.
Get over yourself and be rational.
I guess that "never having a MS related problem" in using computers for 14 hours a day for ten years has kind of blurred my view to the Apple Line.
Why would I be jealous that somebody bought a computer at three times the price that has less RAM than my computer?
That's the whole Mac way of thinking I guess... make up problems about Microsoft that only Mac users have, and then think that people are jealous of you for spending more money than you needed to or should have.
"An efficient ecosystem" - oh, okay, so now putting toxic materials into a computer creates an efficient ecosystem.
I guess that your Intel chips must be vastly different than mine. Oh wait, they aren't. And you still paid three times the price. Wow.
Maybe I can pay 60k for the same Honda you pay 20k for and then tell you that you're jealous.
That's essentially what you do when you buy a computer for three times the price that has the same (or lesser) specs than a computer that runs Microsoft.
Oh, but you use Safari, and I use Firefox. That's surely worth getting the same Intel chip and less RAM for 1000 bucks more. *rolls eyes*
According to wired.com, "Palm Pre's processor is over 50% faster than iphone 3gs."
50% faster. Doesn't sounds like the best phone on the market to me.
watch TXN
Someone has to; no news outlets will report that they were down after "superlative" earnings.
i think Apple flat after hours is a huge tell on the momentum shift in this market. Tape is pretty heavy. VMW just getting squeezed but momentum is gone.
If apple prices this tablet north of $900 watch the sell off. This needs to be sub 600 to have a shot
What do you think now... with AAPL up $3 after hours?
I remember Q3 2008, what a great Q report. AAPL traded down from $95 to 92 after hours. 2 weeks ago $215. A few days, a week or two... its just noise.
Marching upwards continues.
Apple won't have any computer for less than 1000 bucks. They wouldn't even sell you the webcam on a Mac for less than 600.
They could price it for 100k and there would be fanboys lined up around the block, signing over their houses for one.
"I remember Q3 2008, what a great Q report. AAPL traded down from $95 to 92 after hours. 2 weeks ago $215. A few days, a week or two... its just noise.
Marching upwards continues."
and AIG went from 50 cents to 50 bucks, it's called the fed pumping free money into the stock market.
preach!
Ugly night in China. Pulling the futures down with it.
slv poppin it's collar 2nite. best you know deRothschildes know wassup.
If you believe the consumer has money to spend, Apple will do fine. Unfortunately, the number of consumers (that is, people who have a job) is dwindling. Apple is hosed. Doesn't matter if they have great products or are selling inexpensive but vitally important stuff imported from China, consumer spending is going to significantly decline and so will the price of Apple stock -- sooner rather than later.
Apple will be around for a long time; in what size and scope I don't know. They took the old-school route, maintaining proprietary control. The Sony Betamax move, as opposed to the VHS move. I hear Mac OS is better at many things, but the Mac users I know can't really troubleshoot their machines and when there's a problem, the thing just doesn't work and it's in to the shop for days, deadlines be damned.
Mac Keynote is a cooler presentation software than PowerPoint, but Macs send out at different signal. If you show up at a symposium with your Mac, and all other presenters are using PPT, somebody's presentation is gonna look weird on the screen unless you've got a serious video wiz, because Mac does some proprietary stuff to their video signal to make compatibility harder. Why, I don't know, but I see it a lot.
Apple does design very well. Having made the mistake of getting a 3g Shuffle, I now realize their ultimate design will be the monolith from "2001," except it will be white, and there will be one button on it.
Sure... now up >5% in 24 hours.
"We're in a depression"... $40B/yr in revenue.
"Consumer has no money"... $40B/yr in revenue.
"Everything is over levered"... $40B on bal sht, in cash!
Maybe you guys are missing something...?