Robert Paul Leitao on This week's Apple trading strategies (10/26-10/30/26) - 'Richard: I recall an old saying, “Bull markets climb a wall of worry.” I do, however, understand your concerns. I’m striving to look out a few years from now and expect a much different trajectory for share prices. Currently, share price advances are being fueled by historically strong rates of earnings growth while, in general, earnings multiples are contracting. In my view the current pace of earnings growth in much of the market won’t be sustained on a long-term basis and this raises the prospect of a few years of price consolidation in the market. I’m not concerned so much with the balance of 2026 and into 2027. I’m a bit cautious of the pace of share price appreciation or even price consolidation into the end of the decade.'
on Selected Duo video reviews: Gruber, Brownlee, Tong - 'I just watched YouTube history on the fall of Intel. My arguments against the Duo have much in common with the succession of Intel CEOs decisions beginning with Otellini. I haven’t changed my mind about the Duo, but am now thinking in terms of what the consumer wants, despite how flawed they are. I also watched a YouTube by WSJ that mirrored my thoughts. I’m surprised we didn’t see this one on Apple 3.0.'
on One more iPhone Duo launch video, this one from Beijing - 'Jonny T said: “Anyone notice Tommo’s blog stopped posting in June?!” **Hmm…Tommo…Tommo. Jonny, wasn’t he the Apple 3.0 subscriber that frequently mentioned he had owned 8,000 shares of AAPL in 2001? And, as I recall, he used to sometimes disparage those who only bought AAPL when they could afford to do so and then held the stock for the long term instead of buying and selling according to anticipated movements of the stock. If that’s the guy to whom you’re referring then, despite his occasional disparaging comments, he actually may have held onto those 8,000 AAPL shares and his portfolio would now be worth: 8,000X2X7X4=448,000X$347.73 = $155,783,040 So, maybe he stopped posting on the blog because he’s incredibly wealthy?'
on Selected Duo video reviews: Gruber, Brownlee, Tong - 'Gregg, I agree the Duo is unlikely to be a panacea for revenue growth, but I think there’s another factor worth considering: the halo effect. For some people, a foldable phone is an aspiration, and the Duo gives them another reason to consider switching to Apple’s platform. I’m not suggesting Samsung or Huawei foldable owners will suddenly abandon their phones, but the Duo could attract some new-to-Apple customers as well as generate additional revenue from existing ones. The question isn’t whether it will have an effect, but how big that effect will be.'
on One more iPhone Duo launch video, this one from Beijing - 'They always complain about Apple’s high price because it gets eyeballs. Apple is pricing it right if it can sell every one it makes. In fact, the high price gives it the cachet of status when people see it. But I think what is also brilliant, as I have mentioned before, is the burgundy color. That color has special cachet in China, that adds even more to the status of ownership (I have one myself and I have to say it is my favorite color of all my iPhones I’ve had) . Such a human thing that Apple gets so well.'
on One more iPhone Duo launch video, this one from Beijing - '“Eye-popping price?” Seems inline with the price of other folding phones.'
on Apple's busiest fall ever - 'Oops, sorry about that. I missed your comments. Cool video nonetheless. I used to own a copy of the video but it disappeared unfortunately'
on This week's Apple trading strategies (10/26-10/30/26) - '“It’s [Apple is] a totally different animal/problem.” I don’t care to rewind the feed to find the exact words, but they are at about 8 minutes into this … screed. Apple is different. Their castle is not built on sand. It is built on hardware and software and services. As a Materials Science engineering geek, yes, silicon is built on sand. But let’s be realistic: silicon is different than sand. Do I want “action” now, like some of these guys suggest? No. I will prefer a fiscally conservative route and let Apple roll in the profits of its new Product Lines and keep those “buy and hold” rewards. I will also admit: I have no idea what the mid-term elections will do to the markets. I just hunker down on this and hang in tight.'
on One more iPhone Duo launch video, this one from Beijing - 'Duo too expensive? iPhone first generation was the same. Anyone notice Tommo’s blog stopped posting in June?!'
on Selected Duo video reviews: Gruber, Brownlee, Tong - 'Greg, The Vision Pro will be nice if you are watching the game from home. But what if you are out and about? The Duo may fill that need for some people. As a season ticket holder for the Braves, I do see lots of people watching the actual game or other games on their phones. I have seen a significant uptick over the past few years of this going on. I think it is probably related to all the betting that is going on right now. But I can see someone who has bets involving several games using the split screen of the Duo to have several games on at once. Also, MLB has updated their App to take advantage of the extra space on the Duo, just in time for the World Series. I wonder what football and basketball will do. This may also help sell more of the Duos. Also, from memory, you could keep your same phone number while using multiple iPhones. This could also help sell the Duo, with a regular iPhone for all other stuff and the Duo for things you would want a dual or larger screen. All that being said, I do think the Duo has a limited market right now. I do think it is probably more for early adopters and those who want/need for screen real estate. For me, I agree with you Greg on buying one for myself. As of right now, I am not going in on the Duo but I reserve the right to change my mind if and when I get my hands on one in one of the Apple Stores. I am thinking I would want Face ID and the better camera. But even with the limited market(which is weird to say for something that looks like it will sell at least 10-15 million units), at its present price, it is like selling 2 phones so the impact should be almost double the number of units sold. Which would mean about 20-30 million phones sold from a revenue standpoint. Not bad for a new product introduction.'
on This week's Apple trading strategies (10/26-10/30/26) - 'May the force be with you! 🙂 And all the rest of us.'
on Apple's busiest fall ever - 'I think Apple is also seen as the Big Tech Anti-AI play. So call that a ‘flight to safety’, or at least a flight away from the other tech companies pouring massive investments (and borrowed money) into AI infrastructure. It seems there’s still significant value in making products people want and are willing to pay a relative premium for product quality.'
