Fred Stein on Goldman Sachs: What to expect at Apple's WWDC 26 - 'Thanks – really useful.'
on Ming-Chi Kuo: John Ternus has torn up my Apple vision roadmap - '” My take: On that last point, Gurman and Kuo agree” Twice the number of reasons to not believe it.'
on Premarket: Apple is red - 'I just found out it hit 316+ around 9:40-something this morning! Was so busy checking out the menus for restaurant options for the PED30 get-together that SactoJoe’s organizing that I checked late. Woowoo!'
on 40 members of Congress warn Apple not to close its first unionized store - 'I politely disagree. An Apple store is a destination by itself. It is the one of the few places in the world where Apple can come into physical contact with their customers, and provide in person support for their products. Maybe these 3 locations don’t make much money, or say they are run at a loss, that should not make much of a difference for a company with growing profit margins. FYI Towson is the only location that serves Baltimore that is less than an hour away by transit from the city center: 37 vs 70 minutes. So not only do the good folks of Towson lose, so does Baltimore, What a pity.'
on Goldman Sachs: What to expect at Apple's WWDC 26 - 'Philip’s comment seems a bit harsh considering the content of the note. 340 seems pretty conservative so definitely not a “Kool Aid” note but I don’t know if he saw the demo either. “My take: Add Ng to he list of analysts who have either drunk the Kool-Aid or seen the demo.” Typo included “he” should be ‘the” The chart at the bottom is really interesting. Exhibit 1 shows Apple stock price increasing over the year’s while not very dramatically around WWDC. If they had included this year’s price you would see a 50% gain from June 2025 to June 2026. I would take that performance from Apple stock every time. But not looking for a great change right at the announcement unless they really wow us. Other year’s had 10% or so growth from June to June. Decent but for new investors but not spectacular. For long time investors even 10% can be really impressive financially because their cost basis could be very small.'
on The Apple price target changes of May 2026 - 'Another one. From Asymco: Melius’ Ben Reitzes raises price target on Apple to $385'
on The Apple price target changes of May 2026 - 'Actually, Daniel, you have to get to at least a 5 year chart or preferably a 10 year chart to get an even chance of predicting where Apple is going, but even then the numbers should integrate in inflation to show the likely path of growth in valuation. IOW, as inflation pushes up in the coming years, AAPL will need to “keep up”.'
on Goldman Sachs: What to expect at Apple's WWDC 26 - 'Like previous comments, IF he has “drunk the Koolaid”, that’s a pretty low price target if it’s intended for one year.'
on 40 members of Congress warn Apple not to close its first unionized store - 'ben luna said: Thank you Bart Yee Sensei, this is extremely insightful! “I still don’t understand why Apple would close any of its stores unless they are replaced by newer locations. Aren’t they all extremely successful and an important connection with their still underserved customers?” **As Bart mentioned in his comment, Congress ignored the fact that approximately 270,000 tech jobs have been already been lost in the U.S. since 2024, ignored the job upheaval “related to trade wars, tariffs, international logistics disruption and reigniting of inflation due to the Iran War, etc. etc.” but is speaking out against Apple for closing a store located in the Towson Town Center in Maryland, “where now fully 25% of storefronts are closed, and hundreds of workers have already lost their jobs”. Crate & Barrel, Tiffany, Louis Vuitton, Tommy Bahama, Madewell and Banana Republic have already closed their stores at the Towson Town Center…and with the reduced foot traffic, Apple has determined it no longer makes sense to remain there because it was no longer positioned to make a profit. So, bottom line, had the Apple Store remained, it would not be “extremely successful”.'
on J.P. Morgan: WWDC will kickoff a hot Apple summer - 'I expect a revision in the price target following Monday’s keynote address. This note is a precursor to a revision which will be based on the announcements at WWDC.'
on The Apple price target changes of May 2026 - 'I think -all- targets are clickbait these days. This is just not an industry I can take seriously. Even those who combine a target with well-reaoned narratives are just playing for more clicks. Caveat Investor!'
on The Apple price target changes of May 2026 - 'Re: “Edison Lee, $294.91 → $299.88” Really??? I think any lightbulb that may have existed in this guy’s brain just blinked out!'
on Premarket: Apple is red - 'Yes, it will hit the less affluent hard, especially those who have to drive to work. Just yesterday, I drove two friends on a necessary road trip in my electric truck, that I charged from the solar on my house. They were impressed by the truck but thought it must have cost a rich guy $$$. Nope, actually, it was not much more than its gas equivalent (F-150), and the gas, maintenance savings, easily cover that gap. They gladly bought me lunch with the gas savings!'
on J.P. Morgan: WWDC will kickoff a hot Apple summer - 'PED: Is the PT correct? $235 doesn’t seem very “confident”.'
