Greg Lippert on Apple Siri AI public beta has landed. Give it a try - 'Gonna try it on my iPad Pro. Although used all the time, it is not as mission critical as my iPhone or Mac.'
on Premarket: Apple is red - 'What the heck happened to IBM? Down about 25% on missed earnings. Oracle is creating new lows. 63% off their 52 week high.'
on KeyBanc downgrades Apple, sticks with $250 target - '”This rigid reliance on historical mean reversion caused them to miss chunks of Apple’s valuation re-rating.” Spreadsheets are great, mostly though, all they can do is eliminate manual work. What they illustrate is the weakness in human data entry. They can illustrate changes to norms, but can’t tell you why they occurred. Using a spreadsheet to determine future activity based on past activity, without acknowledging changes to a business model or investor sentiment is akin to relying on an idiot savant for insight.'
on Premarket: Apple is red - 'Goldman Sachs, the current provider of the Apple Card, is up $77.09 or 7.37% at $1,123 in early afternoon trading. The shares reached a new all-time high of $1,136.32 soon after the opening bell on strong revenue and eps growth above Street expectations. Several major financial firms are reporting results today.'
on KeyBanc downgrades Apple, sticks with $250 target - 'But despite KeyBanc’s persistent valuation disconnect and despite AAPL performing consistently contrary to KeyBanc’s ratings, the firm continues to maintain the persistent valuation disconnect. It seems to me the firm is doing a great disservice to its clients who, if they’re gullible enough to believe Keybank, have lost out on a lot of profit. KeyBank is consistent with the other bottom-feeders, though. Nothing to see here, move along.'
on KeyBanc downgrades Apple, sticks with $250 target - 'He’s waiting for his black swan to come in.'
on KeyBanc downgrades Apple, sticks with $250 target - ' Downgrades to Underweight from Sector Weight Brandon needs to stop taking his GLP/GLT as he’s lost too much AAPL weight thinking. I see AAPL eating more carbs which is why we’re seeing it gain pounds.'
on KeyBanc downgrades Apple, sticks with $250 target - 'Great info, Kenny! Upvoted, along with David! Once again, Apple 3.0 members dispel the Apple FUDD!'
on Apple Siri AI public beta has landed. Give it a try - 'Your iPhone, iPad and Mac will take days to build a local index (database) of your personal data (mail, messages, files, photos, etc.) Siri AI may not be available to you until Apple clears you off a waitlist. (I loaded the developer betas on day 1 of WWDC and had to wait 3 days to get off the waitlist and indexing took 5-6 days for my iPhone and Mac.) Once off the waitlist, you are able to use Siri AI even if the indexing isn’t done yet as it will use what is has.'
on KeyBanc downgrades Apple, sticks with $250 target - 'Historically, KeyBanc’s biggest valuation disconnect has been treating Apple primarily as a cyclical hardware company rather than a high-margin services ecosystem. The 2023 Downgrade (Premature Caution): In October 2023, KeyBanc downgraded Apple from Overweight to Sector Weight (Neutral), arguing that a combination of near all-time low U.S. carrier upgrade rates and stretched valuations would stunt growth. Instead, Apple continued to expand its multiple, driven by the broader megacap tech rally, buybacks, and emerging AI optimization sentiment.Historical Multiples Disconnect: Over the last decade, Apple’s price-to-earnings (P/E) multiple expanded from roughly 15x–18x up to the current ~35x forward earnings. KeyBanc has consistently flagged Apple as “expensive” or “unwarranted” whenever it sits two standard deviations above its 10-year historical average of 23x P/E. This rigid reliance on historical mean reversion caused them to miss chunks of Apple’s valuation re-rating.'
on KeyBanc downgrades Apple, sticks with $250 target - 'ANALysts gonna Anal… Nispel is one of those where his employer should be tracking and rating his poor performance.'
on Omdia: Apple and Samsung are soaring amid a smartphone downdraft - 'Sub brands marketed and aimed at different demographics of the Chinese market. Considering each has different marketing and sales messages, it’s the old we’ll make it up on volume story.'
on Apple touches $323.45, a new intraday record high - 'Thanks for the correction. $317.31 is an ATH close. Yahoo has last Thursday’s high as $316.22'
on Postcards from Joe Bland's Apple 3.0 Palo Alto dinner - 'That picture at the top is reminiscent of a take on, gulp, Da Vinci’s Last Supper! What a memorable evening you all had, well done well done. A weekend next time with some golf and tennis, and partners?! And look what you did to the stock price a day later!'
on Mark Gurman: Maybe the Apple Car wasn't a dead end - 'It’s good of German to attempt to catch up. Or perhaps more importantly to seem to have caught up. Kinda like: “Without that effort, Gurman would probably seem to be even further behind on Apple’s AI strategy than he does today.”'
on Mark Gurman: Maybe the Apple Car wasn't a dead end - 'LOL. It only appeared to wipe out a decade of work to some people. At times like this, Gurman makes it crystal clear that he doesn’t understand research. Or product development.'
on Premarket: Apple is green - 'Uh – perhaps they should just invest in Berkshire and leave the “thinking” to them?! 🙂'
on Premarket: Apple is green - 'IMO, if anyone only *bought* AAPL, when and because Warren Buffett/Berkshire Hathaway bought AAPL…and then *sold* some AAPL, when and because Warren Buffett/Berkshire Hathaway sold some AAPL…they should have someone else investing their money for them.'
