Fred Stein on Seeking Alpha recommends selling Apple puts - 'As one who makes these sorts of trade, thanks. Yes, If assigned you need $30K, or buy back the put in the last minute for a lot less. (A lot less, assuming AAPL doesn’t crash in the next 2 months.)'
on Premarket: Apple was green, turned red - 'Apple’s anticipated release schedule could provide a tailwind. With the premium models expected to debut and ship this fall, the likely higher prices will be introduced to The Installed Base’s far less cost conscious consumers. That does two things. First, it allows Apple time to negotiate supply chain pricing and/or seek new component suppliers for the base models in the spring. Second, it may see impatient base model buyers move into the premium segment. Relative to competition outside of China (Huawei), I think Apple is in the best position possible for the current memory shortage. In the long run, today’s higher prices will eventually be tomorrow’s increased revenue. This memory crunch will be relatively short lived, especially as the AI losers start to capitulate.'
on Premarket: Apple was green, turned red - 'On this Tuesday the DJIA hit a new all-time high, the S&P 500 reached a new all-time high and the NASDAQ Composite rose a lofty 2.59%. The Russell 2000 small cap index came within just a few points of reaching back to the current all-time high set on July 11st. Apple jumped $5.96 or 1.96% to close at $309.38 and is up overnight $1.77 at close to midnight in New York. Apple supplier Broadcom rose $25.93 or 6.61% to finish the day at $418.16. It was definitely a good day to be an equities investor. I’’m looking forward to Wednesday!'
on Apple-AI enthusiast Errol Brandt looks forward to Oracle's comeuppance - 'Hi Robert. I’d be happy to talk to you and share my views. Philip can provide you with my cell phone number. Feel free to call me. Best, Mark'
on China Renaissance cuts Apple target $49 to $280 - 'The German banking powerhouse DZ bank also chimed in today and downgraded AAPL to a hold at $310. I don’t know what the bank’s previous position was, however. Maybe $312?'
on China Renaissance cuts Apple target $49 to $280 - 'A drop of 10% in a year would be a ‘significant move’. The idea that Apple would be -more impacted- than competitors by memory price increases shows a disregard for Apple’s business practices. And of course this would ignore any potential revenue from AI. I do agree that regulatory challenges are Apple’s biggest threats, but the EU has laid a lot of these same threats on Apple’s competitor Google, too.'
on China Renaissance cuts Apple target $49 to $280 - 'Irrespective of what we think Apple is doing and how much we think Apple has the ultimate business prowess, it doesn’t matter a damn if the sentiment goes the other way. Whilst we may not like it, analysts do weigh on sentiment. Best not to dismiss out of hand.'
on Nate B. Jones: Apple is playing a 20 to 30-year AI game (video) - '” Nate nails it about long term.” We’ve talked about that Apple’s long term vision often. I don’t think we’ve ever framed it as a 20 year vision, but it makes sense. Apple has long since picked the low hanging fruit. It’s been cultivating the higher fruit for some time. That’s more difficult and not as readily discernible to the uninitiated (media). By the time the competition catches on (now?) it’ll be too late, Apple’s lead will be insurmountable. It has all the tools, silicon, dev tools, softwares and a trusted consumer device base (2 billion?) to sell into that on one else has.'
on Nate B. Jones: Apple is playing a 20 to 30-year AI game (video) - 'Benjamin Franklin: “The bitterness of poor quality remains long after the sweetness of low price is forgotten.” Karl Albrecht: “You seldom improve quality by cutting costs, but you can often cut costs by improving quality.” Mac Duke: “Low prices attract cheap customers with luxurious demands.” ((applicable for Android))'
on Apple sales in India hit $10B - 'I could be way wrong, or I could be stating the obvious, but without his CEO duties, I can see Tim Cook doing a 6 month “tour” of South and Central America, Europe, India, China and all the southeast Asian countries in an attempt at improving Apple’s relationship within each region.'
on Apple sales in India hit $10B - '” To put that $10 billion in perspective, Apple’s latest quarterly sales in China came to $18.8 billion.” If I’m getting this correctly, the $10B number for India is for the year whereas the $18.8B PED quotes for China is for the quarter. Thus India is still a small fraction of sales for China – hence an enormous opportunity for growth.'
on Nate B. Jones: Apple is playing a 20 to 30-year AI game (video) - 'And then mining was outlawed and all the mine suppliers went out of business! No. You can’t predict long term.'
on Nate B. Jones: Apple is playing a 20 to 30-year AI game (video) - 'BTW, I need to take another sabbatical from Apple 3.0 to deal with patent deadlines. See everyone next month!'
on Nate B. Jones: Apple is playing a 20 to 30-year AI game (video) - 'Definitely worth listening to as an Apple investor. If I am getting this correct, simply put, Nate’s premise is that Apple’s lead in chips and how they interact with AI is what puts Apple at an advantage in the AI race and that advantage puts them in the drivers seat for, potentially, decades. And since Ternus works with chips, he was the ideal choice for the next Apple CEO. Seems a bit simplistic but it seems to me that, if he is correct, this puts Apple into sort of the same position that NVDA has found themselves in, whether planned or not, in terms of AI. This would seem to validate the continued long term investment in Apple that many here have made.'
on Apple sales in India hit $10B - '“pricey devices” snark aside the India market has a very large middle to upper class even though it is a smaller portion of it’s overall population than other countries. So if Apple can deal with the Indian government and other political issues it is a great opportunity that they are focusing on. And if they can make a profitable lower cost device I am sure they would compete strongly with the less wealthy population there as well. The long term cost of many Apple devices is actually lower than cheaper devices which don’t last. One of the striking things I came away from in India is how the high and low end of the economic range are right next to each other. You can see a Four Seasons hotel right next to a shanty town. It is a a country of great contrasts!'
