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War On Sell Side Wall Street - Apple Edition: To $1,000 & Beyond!

Reggie Middleton's picture




 

This is a video follow-up to the post I did a couple of weeks ago after the Apple earnings announcement titled "Again, The Sell Side Analysts (Even The Rock Star Analysts) Don't Seem To Understand The Mobile Computing Wars".

Initially, I was going to go the PC (as in politically correct) route and treat Mr. Munster with kids gloves, but we're all adults here and I want everyone to realize that this is not a form of character assassination, a personal or professional attack, libel, slander or even my just being rude. Gene Munster is a professional, and a seemingly intelligent one at that. It's just that he is wrong, dead wrong, and has been wrong for some time. Despite his extreme inaccuracies regarding Apple and its share price, he is the go to guy for the financial press and mainstream media, not to mention the Apple-centric blogosphere for all things Apple investment related - despite his being wrong as hell. 

First reference this quick 3 minute video...

 

Now reference the following graphic illustrating a search on Mr. Munster's Apple price targets...

Munster in the media Apple 1000 and beyondMunster in the media Apple 1000 and beyond

See also:

What Sell Side Wall Street Doesn't Understand About Apple - It's Not The Leader Of The Post PC World!!!

 The short call - October 2012, the month of Apple's all-time high and my call to subscribers to short the stock:  Deconstructing The Most Accurate Apple Analysis Ever Made - Share Price, Market Share, Strategy and All

Paid subscribers click here: File Icon Apple 4Q2013 preliminary update. As we wait for my elfin magicians and presdigitation analysts to finish up on the updated valuation numbers, I'm quite comfortable in recommending subscribers adhere to the latest set of valuation numbers proffered in the last Apple update. 

 

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Wed, 11/27/2013 - 00:54 | 4192946 natty light
natty light's picture

BB10 anyone?

Tue, 11/26/2013 - 17:36 | 4191913 FieldingMellish
FieldingMellish's picture

Apple will probably grind sideways for awhile. It looks lost without Jobs... much like America itself... lost and without jobs.

Tue, 11/26/2013 - 16:39 | 4191698 OutLookingIn
OutLookingIn's picture

Actually, using "old" tech is okay.

First gen touch tone phone with cassette answering, attached to wall with a wire - cheap.

Windows 08 and a Dell PC patched together with expandable storage - cheap.

Older model Zenith TV with rabbit ears and attic antenna - cheap.

I don't tweet so I'm not a 'Twit' and only answer the messages that count - love delete!

Tue, 11/26/2013 - 16:27 | 4191647 alien-IQ
alien-IQ's picture

Reggie Selling Reggie. As usual. I sure as fuck hope he's paying ZH to let him post.

Tue, 11/26/2013 - 15:55 | 4191534 Motorhead
Motorhead's picture

Shake it off, Reggie.  He's just jealous that you are banging Lauren Lyster!

Tue, 11/26/2013 - 15:54 | 4191525 Amagnonx
Amagnonx's picture

NM Reggie, I think you make an excellent case - if you are right, then hitting it correctly on ZH is a nice hit.  If you are wrong, its also a good place to be wrong :D

 

I think only QE $100B/month is likely to send APL over $1k - but with Ol' Yellen, I'm not sure Id bet any important body parts on the outcome.

Tue, 11/26/2013 - 15:37 | 4191418 ebear
ebear's picture

Click HERE to kiss my ass! (only 9.99/ms)

Tue, 11/26/2013 - 15:25 | 4191363 maskone909
maskone909's picture

like most technology company's, they get old and die, quick.  exponentially faster (see moores law) death rates every day.  as related to mobile computing, buying AAPL is the equivalent of investing in sony after the release of Walkman technology. 

Tue, 11/26/2013 - 15:37 | 4191421 Reggie Middleton
Reggie Middleton's picture

Actually, its more like buying Apple after the release of the iPad/iPhone tech.

Tue, 11/26/2013 - 14:54 | 4191248 Double.Eagle.Gold
Double.Eagle.Gold's picture

ZH,

What is Reggie paying for these Ad's?

 

 

Tue, 11/26/2013 - 16:41 | 4191674 williambanzai7
williambanzai7's picture

I don't know, but I am in the middle of arguing with Sony over a Sony Experia phone that decided to crack its screen by itself. The thing just cracked while it was running a video. Take a look at what comes up when you Google Experia Z cracked screens. The customer service people are consummate assholes. They don't seem to think their repair/return policies are global. So admission of defect in one market does not mean you won't get fucked in another market.

No it's not my phone. But I am usually very adept at dealing with customer service types. I guess I am spoiled by Apple, who seem to assume I am always right. Where do they get the idea the customer is always right...

Wed, 11/27/2013 - 00:27 | 4192873 williambanzai7
williambanzai7's picture

Adding insult to injury, the call center is located in China and wants to know why I don't speak Chinese to them if I live in HK. 

And no, there is no Genius Bar in the Sony service center.

Tue, 11/26/2013 - 14:54 | 4191217 swedish etrade baby
swedish etrade baby's picture

I am coming around to the idea that alot of people could replace their apple computer with a mini android computer. I just bought a macmini to replace my old imac but an android mini computer would probably suffice. I understand why apple dont let you run apps on apple tv. If they did, people could replace an $600 mac mini with an $100 apple tv. 

Tue, 11/26/2013 - 15:34 | 4191407 Reggie Middleton
Reggie Middleton's picture

Exactly. I just replaced an entire 2013 Windows system with an Android system running off of my Sony Xperia Z Ultra phone. I've given almost no functionality, speed or performance either. 

I will produce a post soon that illustrates the system and what it can do. It also comes complete with unlimited high speed internet access as well. The post above was written on the system.

Tue, 11/26/2013 - 15:47 | 4191478 Pladizow
Pladizow's picture

Is that amazing new system resposible for this dup?

Tue, 11/26/2013 - 15:36 | 4191406 Reggie Middleton
Reggie Middleton's picture

Exactly. I just replaced an entire 2013 Windows system with an Android system running off of my Sony Xperia Z Ultra phone. I've given almost no functionality, speed or performance either. 

I will produce a post soon that illustrates the system and what it can do. It also comes complete with unlimited high speed internet access as well. The post above was written on the system.

Fact is, very, very few consumers come anywhere near close to using the full power of their desktops or laptops, so a switch to a cheaper, longer lasting more portable system is the way the OEMs are going. I doubt if the majority of ZH readers can max out the capabilities of my phones CPU and grapics system.

Tue, 11/26/2013 - 16:24 | 4191632 Oracle 911
Oracle 911's picture

What about Raspberry Pi B, BeagleBone Black or VIA APC?

 

All of them are microcomputers for desktops (Raspberry is bit borderline, because it is not his original purpose)  around 50-100$, cheaper then Sony Xperia Z Ultra and usually runs on a LINUX distro or on Android.

 

Of course they are not for latest games but for desktop applications like surfing or office work they are useful.

Tue, 11/26/2013 - 14:42 | 4191191 max2205
max2205's picture

Doing pretty good today....

Tue, 11/26/2013 - 14:30 | 4191137 william114085
william114085's picture

#####    ADVERT ALERT  #####

Tue, 11/26/2013 - 15:40 | 4191440 Reggie Middleton
Reggie Middleton's picture

Actually, I initially blew you off as a troll but I looked up and did see that I posted content from a different article that could be considered inappropriate - hence I'll remove it. I still think you're a troll though.

Tue, 11/26/2013 - 17:02 | 4191777 SafelyGraze
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