Recent Comments

  • Bill Donahue on Apple is No. 1 in shareholder wealth creation over the last 100 years - 'I think it’s just the increase in shareholder value – a.k.a., market cap – for each company since 1926.'
  • Joseph Bland on 1.5TB Mac Studio rumor is the most exciting thing Errol Brandt heard this week - 'Kinda my point from yesterday’s PED story “Angel investor Jason Calacanis calls Apple a ‘screaming buy’”.'
  • Joseph Bland on Premarket: Apple is red - 'Profit taking on AAPL today. BTW, does anyone know just how much AAPL is influencing the Dow? Seems like they mirror each other to some degree….'
  • Joseph Bland on Apple is No. 1 in shareholder wealth creation over the last 100 years - 'Hi, Ron. “This morning, the gain AAPL had last week has been reduced by 50%…” Profit-taking was inevitable, as is the inevitable ride back up. “Buy low, sell high, buy low again, ad infinitum” is the mantra of some Apple investor/traders. And there’s nothing intrinsically wrong with that approach. Best done within a retirement account, but there are tax implications either way.'
  • Joseph Bland on Angel investor Jason Calacanis calls Apple a 'screaming buy' - 'Of course, Horace. But this year’s dilettante can become a future Henry Ford, who basically hooked one of those new-fangled power plants to a buggy and made it portable. As a practicing inventor, I very much like the idea of a “frontier model” that adds suspenders to the Apple privacy belt at a reasonable price, as will all those who depend on proprietary information being kept proprietary. All that’s needed now is the “fuel”, and that’s just a matter of waiting for an “LLM for the rest of us”, even for us wildcatters….'
  • Ron Fredrick on Apple is No. 1 in shareholder wealth creation over the last 100 years - 'At market close last Friday, 07/17/26, AAPL was up about 22.8% from closing at $271.86 on 12/31/25. Last week alone, AAPL increased about 6.8% from where it was at market close on Friday, 07/10/26. But the largest one week % increase AAPL had this year was when it increased about 9.5% between June 29th and July 2nd. In any case, folks who are longtime holders of AAPL continue to be richly rewarded. For my wife and I, our 100% AAPL portfolio increased 3 times as much, just last week, as the gain our portfolio experienced in the 8 years before I retired in 2008. Naturally, thanks to the 2014 and 2020 AAPL splits plus additional purchases of AAPL, the portfolio has many more AAPL shares than it did between 2000 and 2008…but it’s still impressive, IMO. This morning, the gain AAPL had last week has been reduced by 50%…but, IMO, AAPL is a long-term investment, and the company’s strengths which make it so have *not* changed. Cheers to the AAPL Longs!! 🙂'
  • Robert Paul Leitao on Premarket: Apple is red - 'Leading the DJIA higher today is Alphabet. The shares are up $8.73 or 2.52% at $355.50 on news the company is working on a new server chip. Meanwhile, Apple supplier Broadcom is up $11.36 or 3.06% at $382.18. On the S&P 500, 54% of components are trading in the red so far today.'
  • Robert Paul Leitao on Premarket: Apple is red - 'Indexes are mixed at the noon hour in New York. At this moment Apple is off $7.84 or 2.35% at $325.90. After setting a new all-time high of $334.99 on Friday and a new all-time closing high of $333.74, the shares fell off from those recent highs from the start of today’s trading. Last week was a very good week for the share price of the iPhone and Mac maker. Let’s see if the share price begins to recover in afternoon trading.'
  • Robert Paul Leitao on Apple is No. 1 in shareholder wealth creation over the last 100 years - 'Thank you, Apple!'
  • Greg Bates on Apple is No. 1 in shareholder wealth creation over the last 100 years - 'Fred–good point. Context improves my understanding. You wrote “tune out the noise”. For the first time, I read that saying in the context of today’s post, and it has more power when paired with “buy and hold”. It’s far easier to tune out the noise if we are thinking, how much will that noise matter over the next several decades?'
  • Fred Stein on 1.5TB Mac Studio rumor is the most exciting thing Errol Brandt heard this week - 'Plus Baltra. Please share any useful links on this.'
  • Greg Bates on Apple is No. 1 in shareholder wealth creation over the last 100 years - 'A total win for buy and hold, to be sure. But ranking #1 in wealth creation in this chart is not synonymous with: best average annual return/CAGR over the last 100 years. Apple wasn’t the best investment. That’s because, in addition to variation in amount created, the amount of time to create the wealth that each company accomplished varies wildly, according to the start dates listed in column #5 (“First Month”). Exxon Mobil, IBM, Altria, Coca Cola, and Chevron’s start dates were all 1926–meaning they took 100 years to create their wealth. At the other end of the spectrum is Abbvie, which started only 13 years ago, in 2013–far more impressive. Apple took only 45 years (1980 to 2025) to create the most, less than half the time it took those working away at it for 100 years to create less. But Nvidia beat Apple, according to this spreadsheet, creating nearly as much wealth as Apple but taking only 26 years to do it. The question going forward is, what company will have the best CAGR over the next 100 years? Meaning, which of these (or of any company currently publicly traded on a US exchange) will create the greatest return? No one knows for sure, of course. But I’d love to hear your guesses.'
  • Fred Stein on 1.5TB Mac Studio rumor is the most exciting thing Errol Brandt heard this week - 'AI research says inference is already 50% of cloud AI work and out growing training. A lot of that easily migrates to personal devices or professional devices for sole proprietors or high-end enterprise workers. Apple could easily rekindle the server segment for law, engineering, life science teams, and other applications.'
  • Fred Stein on Apple is No. 1 in shareholder wealth creation over the last 100 years - 'Next time a talking head says they like xyz stock better, tune out the noise. Ditto for “can’t innovate”, “just a hardware company”, etc.'
  • David Emery on Apple is No. 1 in shareholder wealth creation over the last 100 years - 'So this is the annual return if you bought the stock on the first day it came out and held onto it? It’s interesting GM “ends” in May 2009, I guess that’s a bankruptcy.'
  • Dan Scropos on Angel investor Jason Calacanis calls Apple a 'screaming buy' - 'The moat is consumer trust.'
  • Steven Philips on Angel investor Jason Calacanis calls Apple a 'screaming buy' - 'I didn’t know that!'
  • David Emery on Angel investor Jason Calacanis calls Apple a 'screaming buy' - 'Back in 2001, I got a new boss, 10 years younger than me. When I referred to one of his peers as “Sir Not-Appearing-in-this-Program”, he got the reference. That’s how I knew we’d get along, and we’ve been best friends ever since. A citation from “Holy Grail” is Always in order!'
  • Steven Philips on This week's Apple trading strategies (7/20-7/24/26) - '“I’m a loser. I’m not what I appear to be. I’m a loser…” And I couldn’t be happier! 🙂'
  • Horace Dediu on Angel investor Jason Calacanis calls Apple a 'screaming buy' - 'A dilettante. The moat is not the model, it isn’t the hardware the model has to sit on. There is no moat in AI. There’s never a moat in technology. Strange software running in water cooled buildings distributing tokens is no basis for a business model. Sustainable competitive advantage derives from a mandate from the customers not some farcical aquatic ceremony.'
  • Richard Gayle on This week's Apple trading strategies (7/20-7/24/26) - 'If Apple is able to build a 1.5TB Mac Studio in the next 18 months (fingers crossed they get a waiver on Chinbese memory) I will buy one no matter the cost. I expect that the increase in my Apple shares by then will more than pay for it. Maybe I’ll get two 😉'
  • Joseph Bland on Angel investor Jason Calacanis calls Apple a 'screaming buy' - 'And there it is: “Chip Model Maximum Unified Memory Key Features M3 Pro 36 GB High performance for creative tasks M4 Pro 64 GB Enhanced graphics and processing capabilities M5 Ultra 768 GB Designed for extreme computing power M7 Ultra 1.5 TB Targeted at high-end professional workloads” Game over.'
  • Joseph Bland on Angel investor Jason Calacanis calls Apple a 'screaming buy' - 'Safari gave me this from a simple query: “Unified memory is Apple’s term for memory where the CPU and GPU share the same bank of memory in one integrated system-on-a-chip design. On modern Macs, it’s essentially the same job as RAM, but with a more unified architecture to improve efficiency. macpaw securedatarecovery What is Unified Memory? Unified memory is a term used by Apple to describe a memory architecture where the CPU and GPU share the same pool of memory within a single integrated system-on-a-chip (SoC). This design contrasts with traditional systems where RAM is divided into separate pools for the CPU and GPU. Key Features of Unified Memory Shared Memory Pool: Both the CPU and GPU access the same memory, which reduces the need for data transfer between separate memory pools. Increased Efficiency: This architecture allows for faster data access and improved performance, as it minimizes latency and maximizes bandwidth. Dynamic Allocation: Memory can be allocated dynamically based on the needs of the applications, allowing for better resource management. Benefits of Unified Memory Unified memory offers several advantages, particularly for demanding applications: Benefit Description Improved Performance Faster data access leads to smoother operation of applications. Better Multitasking More efficient memory usage allows for handling multiple tasks simultaneously. Enhanced Workflows Ideal for professionals in video editing, 3D rendering, and AI development. Memory Capacity in Apple Devices Apple’s unified memory architecture supports varying capacities across different models. Here’s a comparison of some recent Apple chips: Chip Model Maximum Unified Memory Key Features M3 Pro 36 GB High performance for creative tasks M4 Pro 64 GB Enhanced graphics and processing capabilities M5 Ultra 768 GB Designed for extreme computing power M7 Ultra 1.5 TB Targeted at high-end professional workloads Conclusion Unified memory is a significant advancement in Apple’s computing architecture, providing a more efficient and powerful solution for modern computing needs. It is particularly beneficial for users engaged in resource-intensive tasks, ensuring that their systems can handle complex workloads effectively. fingerlakes1 Wikipedia”'
  • Joseph Bland on Angel investor Jason Calacanis calls Apple a 'screaming buy' - 'I think I get the frontier model thesis. It’s all about “unified memory”, another area where Apple devices are ahead of the game. I’m not sure it’ll work without having multiple nodes, but maybe that’s where AAPL is heading, and why the reference to a “M7 Ultra”. But for small to medium businesses, that should be doable. You can do this now, with like maybe 10 or so Minis – something to give you enough unified memory. As my stepson Martin put it back in May: “You could get 10 used Mac minis with 16 GB of RAM each for about $5000 – $7000, and that’s like 160 GB of shared, unified memory when they are linked with the Thunderbolt port.”'
  • Bart Yee on This week's Apple trading strategies (7/20-7/24/26) - 'You know Apple & AAPL have been on a tear if 34 of 46 (74%) of Apple 3.0 entries for the April 1, 2027 contest are now underwater. If it ended today, Alan Birmbaum would win. Rodney Avila has the highest entry at $381. Would we be happy getting there? https://www.ped30.com/2026/04/01/apple-target-contest-final-2027/'
  • Fred Stein on This week's Apple trading strategies (7/20-7/24/26) - 'Thanks Hap. Very helpful. Listen to Errol, tune out Gurman.'
  • Fred Stein on This week's Apple trading strategies (7/20-7/24/26) - 'Wow – thanks for digging out those gems.'
  • Hap Allen on This week's Apple trading strategies (7/20-7/24/26) - 'More from Errol Brandt at Kiraa on his AI engine. A great opportunity for Apple in the enterprise: “If you’re bulding on Apple you’ve bought a Formula-1 car.” https://youtu.be/UBArQl_KVzo'
  • Richard Gayle on This week's Apple trading strategies (7/20-7/24/26) - 'So I read the research paper this note is based on. Guess which of the 46 companies has created the most wealth over the last century, since 1926? Apple. It is responsible for 5.5% of the total wealth created from the entire stock market over the last century!! Over 10% more than the 2nd place company, Nvidia. Interestingly, he also breaks it down to 1926-2016 outcomes and post-2016. Apple is number 2 in both – 2nd to Nvidia from 2017 to now; and 2nd to Exxon from 1926-2016. Only Microsoft comes close in both periods, being 3rd. Oh, and this was as of December 31, 2025, when Apple was at about $273. So even greater wealth creation.'
  • Joseph Bland on This week's Apple trading strategies (7/20-7/24/26) - 'Hi, Greg. The proof is in the pudding. Apple leadership went back to the drawing board,, recovering from their slip-up, and did the job right. That’s 2 years spent wisely. It was always a slippery slope, and others have slipped all the way down. Isn’t it odd that Mr. Gurman isn’t noticing that? Oh, and really good Apple pudding, by all accounts….'