Fred Stein on Who's the most valuable company in the land, by far? - 'Genuine stupidity trumps artificial intelligence. Jensen is not stupid. Quoting “9 to 5”, he was “thinking with his Johnson.”'
on Apple price target roundup - 'Raj, I agree with your assessment of Mr. Woodring lately as it applies to Apple. It is indeed a strange period for analysts to judge Apple’s performance. They have to worry a lot about the impacts of margins, changes in product release cycles and AI on devices. Hard to figure out what to measure and then say Apple is winning or staying in place. I feel Eric has been growing more cautious about Apple so maybe he is just maturing and this his nature.'
on Who's the most valuable company in the land, by far? - 'The gap is now about $1 trillion. I do have one objection. The market cap is not more difficult to increase because of the loss of shares. By definition, the market cap is the value of the company (actually EV is, but let’s ignore debt and FCF for a moment.) It should therefore be the same no matter how many shares are outstanding. They *must* grow in value to compensate for there being fewer. That’s why it’s a return of capital to shareholders. (Of course, if the market fails to react to the reduction, that’s on the market not on the shares.)'
on Who's the most valuable company in the land, by far? - 'A friend sent a screenshot from LinkedIn: “Rich, add interesting content to your feed. Here are a few recommendations to get started”, and the person they suggested he follow was…. Jensen Huang. I responded, “Follow me to the Chinese honeypot.”'
on Who's the most valuable company in the land, by far? - 'If anyone is interested in deep diving the Huang situation, John Gruber’s blog has several consecutive pieces that hammer him pretty hard.'
on Apple price target roundup - 'I’ve been disappointed with Eric Woodring of Morgan Stanley lately. Although his analysis is good, he’s been too conservative and restrictive with his price target which I think is at 350 right now. Think about it, he believes Apple will go to—or stay at— 350 in the next 12 months! Even with their unimpressive/lame/weak/bleak/… (according to WS) guidance for Q1, Apple is poised to charge ahead as soon as this memory crunch improves. Compared to him, Wamsi Mohan of BofA has a slightly better PT of 370, which I think he will soon raise.'
on Best and worst Apple analysts: Fiscal Q4 2026 - 'Belated Congrats to Troy Thoman for his 1st in EPS & Revenue and 3rd in The Rest. Special mention also to Jeff Galanti for his 2nd & 2nd with three very close estimates for iPhone Mac & iPads. It will be an interesting exercise come January to estimate what should be another record for Q1 FY2027, especially with the Duo wildcard in play.'
on Apple closes at $350.69, a new record - '@Joseph: Thank you for the compliment, but in reality it’s just a combination of pure luck while letting others set the table for me to offer my $.02. Remember, I was a long time lurker before I was allowed to become a subscriber as a neophyte investor in Apple. We have such a great group of investors on PED’s Apple 3.0 site who all bring their varied and exceptionally unique set of skills, knowledge, and now Raj’s incredible gift that benefits all of us. I don’t where or how Raj was able to become bestowed with his treasure trove of wishes, but I hope he keeps those two last two intact similar to the old fire alarms that mandated: “Break in case of emergency only.” My personal choice is that Raj saves them until after Apple announces another split. But after today one thing is for certain: Kalshi has nothing on Raj with his pin point accuracy.'
on Apple closes at $350.69, a new record - 'Michael, your ability to clearly discern these things and then explain them to those of us with lesser insight constantly amazes me! I hang on your every word….'
on Daniel Ives is betting that Jensen Huang keeps his job - 'Hopefully too full to think about Apple. 🙂'
on Evercore believes in Siri AI - '“I don’t think the “early days” concept gives Apple a pass.” I agree. They had the time, but did not get it right the 1st time around. I’m not giving them a pass for that; but I’m also going to move on. They messed up that time, but that time is gone and now they are early in round 2. No pass, just moving on. They are in the ‘early days’ of round 2, and I don’t want them messing round 2 up trying to make up lost time. I agree it needs to be a higher priority than it was in the past, and they need to put much more effort into round 2; but please don’t cut corners resulting in poorer quality. Take the time it needs to be a 1st class product. High priority, more effort, but no cutting corners.'
on Premarket: Apple is green - '“Sky of blue and sea of green” — The Beatles, Yellow Submarine (1966). The biggest band of their day and one of the biggest companies of ours. Both called Apple, both extraordinary successes, and both once locked in a decades-long legal battle over the name. Rather a nice coincidence, really.'
on Evercore believes in Siri AI - 'Hi Joseph, I forgot about the Brandon reference, but trust me when I say that it was not the tone I was aiming for, unless it was Meta.'
on Evercore believes in Siri AI - 'Apple just released details on AI pricing, if users of some of the Apple creative software exceed the free AI use allocation. https://ca.finance.yahoo.com/news/apple-makes-major-ai-pricing-185711619.html “The iPhone maker has added AI capabilities across several creative and productivity applications, including Keynote, Pages, Numbers, Pixelmator Pro, Freeform and Logic Pro. These features cover image and shape generation, presentation creation, image enhancement and AI-powered assistance for music production. However, access now comes with monthly usage allowances. Under the entry-level allocation, subscribers can generate 50 images, 250 shapes and 50 presentations, alongside presenter notes covering 700 slides. Customers who exceed those limits can purchase additional intelligence usage packs for $49.99. Apple confirmed the feature is available to active Creator Studio subscribers across eight countries, including the United States, United Kingdom, Canada, Germany and India.”'
on Evercore believes in Siri AI - 'Just to illustrate what triggered my initial WTF moment if I enter the following on the Mac “What did I buy from SupplyHouse” I get this response: “You have made a few purchases from SupplyHouse, including Condair humidifier cylinders and Hunter irrigation controllers. Here are the details of your past orders…” and then it lists three orders from January, May, and June 2025. On the iPhone the response is “I couldn’t find any records of purchases from SupplyHouse in your emails, messages, or wallet transaction.” It’s not as if my purchases were ancient history. That’s when I started looking into it and realized that Siri is siloed.'
