Apple Is Not Worth Less Than Microsoft
by Forward Looking Guru
Apple's (AAPL) stock fell 6 percent on Wednesday amidst an earnings miss by Cirrus Logic (CRUS), attributed to "weaker than expected iPad mini sales," with Cirrus Logic noting that the weakness was due to consumers waiting for the next iPad mini. This note resulted in many speculating that iPad mini sales might miss expectations by about 20 percent. Although this kind of miss would typically be a "big deal", I suspect the "news" has already been priced in. At the current price of $400, Mr. Market has priced in Apple's earnings falling 40-50 percent from where they are today, no new "meaningful" products emerging ever, and Apple having no intention of putting its $150 billion "war chest" to good use. Were Apple currently near a 52 week high, I might be a bit worried, however at $400; it seems likely that all "good news" has been sucked out of the stock, and all "bad news" has been priced in. read more »
Get Seeking Alpha notifications with our iPhone App | Android App
More on AAPL
Investors Are Missing Apple's China Opportunity by Timothy Phillips
Apple: Time To Unleash A Massive Buyback Program by Stone Fox Capital
Investors Should Keep Apple In Their Portfolios by Sandeep Godiyal
Other articles that mention AAPL
Understanding Price Compression by Cullen Roche
Apple Vs. Exxon Mobil - Market Caps by Bespoke Investment Group
Mobile Marketing And Advertising: Explosive Growth And The Companies Driving It by James Sands
Why are you receiving this? You subscribed to real-time article alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.
Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following AAPL: unsubscribe from all AAPL email alerts
This type of alert isn't helpful to me: unsubscribe from article alerts on AAPL
To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.
Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001
No comments:
Post a Comment