Joseph Bland on Evercore: Here comes the iPhone Ultra - 'I’m prepared to be disappointed if it’s not a foldable iPad with a single folded screen.'
on Premarket: Apple was red, turned green - 'At the top of the noon hour Apple is up $0.43 at $325.56. Apple supplier Broadcom, which reports results after the market’s close, is up $0.52 at $370.20. Dell, which reported yesterday, is up $35.26 or 8.30% at $60.26. The shares have more than recovered from yesterday’s pre-earnings sell-off and the company delivered strong results. All four major indexes are back in the green with the Russell 2000 small cap index leading the way with a 0.87% gain. Among the S&P 500 components about 65% are trading higher on the day. NVIDIA is powering the DJIA higher this morning with a 4.74% gain.'
on Morgan Stanley expects Apple to nearly double size of foldable market - 'I’m sitting on cash until after September 18. Why the 18th? Because we will know the answer to the great question, is Apple going to launch a foldable? If Apple does, that raises another question, how will WS view it as a revenue generator? One week to digest the news and tweet their spreadsheets and should be enough time to see which way sentiment blows. If sentiment rises I may (probably will) pay more than I would by buying today. After getting burnt last June (WWDC selloff) I’m going to avoid event run ups until I see a little more predictability in AAPL (vs historical trend). Now if Apple doesn’t announce a foldable, then, after all the recent hype that says it will, AAPL will drop like a rock, and I’ll pick up cheap contracts (vs today’s prints). The key is the elimination of uncertainty. I’m banking that Apple will not announce a foldable, it is going to announce something, and if it does (revamped/repriced Apple Vision Pro, or greatly enhanced Apple Intelligence?) the future of AAPL is going to SHINE. After all, Apple did signal more Apple Intelligence capability in September.'
on Live immersive baseball on the Apple Vision Pro is a hit - 'As many have stated, 2 things need to happen, probably around the same time, for the AVP to be successful. First, a cheaper device. Then more content, maybe from a sports standpoint which usually brings a built in audience. At this point, I can’t justify spending that kind of money on a device that may be obsoleted any day now. And it is hard to justify for what is available on the device. I think there are many who feel the same way. But once you remove those 2 obstacles, I think Apple will have a winner on its hands. It may not happen on the timeline that many here want. But I do think it will happen when the time is right for both things.'
on Apple renames Lake Ontario - 'And I’m waiting for Mark Carney to sign an EO declaring that the country south of Canada is hereby renamed Baja Canada…'
on Morgan Stanley expects Apple to nearly double size of foldable market - 'There really is no foldable! Apple has “shined” everyone on! 🙂 Answer to Eric’s #1 has already been shown. He does very well. #2 & 3 will have to wait till the next earnings call.'
on Barron's: Apple is at an inflection point - 'I have a different definition of what this event needs to be. I’m looking for continuity and Apple’s normally exceptional business-as-usual standards, as opposed to pomp and circumstance. Pomp and circumstance will suggest to me that they’ve decided that hype and cheerleading are now important, which would cause me great concern. I don’t know anyone who is exceptionally good at what they do who thinks they need to hype things at any time. And Apple is the only company that fits in that class, for me. Give me boring exceptionalism instead of cheap salesmanship, thank you very much.'
on Morgan Stanley expects Apple to nearly double size of foldable market - 'I love anomalies. Note how UK and Germany lag the ROW. Hmm.'
on Morgan Stanley expects Apple to nearly double size of foldable market - 'There is no foldable market. Nor is there a market for phones with three cameras (or four.) Markets are not defined by product attributes but by the outcomes they achieve. No matter how obvious this is and how often it’s repeated, it seems that the feature fallacy is permanently ingrained.'
on Apple renames Lake Ontario - 'The least they could have done was labeled it “Lake Ontario” on the Canadian side of the border. Color me VERY DISAPPOINTED.'
on Barron's: Apple is at an inflection point - 'Its all about the RAM and will effect all makers and collapsing the low end. Does demand decrease across the industry? To me that’s the BIG ?.'
on Nate B. Jones: With the new Macs, Apple is betting on desktop AI (video) - 'We certainly won the premium market and that’s what counts. The rest are commodities, and we all know that’s a race to the bottom.'
on Evercore: Here comes the iPhone Ultra - 'Folding mechanicals just reduces the area they could stuff in battery life. The wannabe tablet will likely barely make it through “all day battery life”. Happy to be wrong, waiting for reviews to put it through its paces. Also curious if it will support Pencil.'
