Steven Philips on Mark Gurman disputes the facts behind Jefferies' Apple downgrade - 'Well, this time it doesn’t appear Gurrrman is moving the market! A semi positive contradiction to Jeffries and the market is still going down.'
on Apple's 'chipflation' dilemma: Margins or market share? - 'Fred and the group, I agree with what everyone has talked about but I do think that there is some demand that is probably perishable. There will be some switchers, especially if Apple makes a mistake on the pricing. But I don’t think it will be enough to make a measurable difference in the long term. And I don’t think that the other companies are immune to this as well. Apple may well start to pick up market share because of pricing at the other companies. For me and most of the long termers, this is another blip on the radar. I wasn’t expecting Apple to go to 340 so some retrenchment doesn’t bother me too much. I did think the share price got ahead of itself. And it doesn’t matter if Edison Lee is right about the share price in the short term. Long term, I think he is wrong as are his premises for the downgrade.'
on Red Sox vs. Yankees on Apple Vision Pro - 'Although I know next to nothing about baseball, I will definitely be ‘there’. And with zero carbon footprint for the flights!'
on Red Sox vs. Yankees on Apple Vision Pro - 'I haven’t used my AVP much lately, but wouldn’t trade it for the world. I plan to talk my daughter-in-law to take my original (for home schooling) and I plan to get the newer one. And watch the game. A couple years back I went to a Yankee-Boston game in NY. Talk about rivalry!'
on Apple's 'chipflation' dilemma: Margins or market share? - 'Tune out the noise. Katy Huberty nailed it long ago. “Demand is not perishable”. Apple customers won’t switch. Trust Apple to sort out prices, margins, and timing of future products. Ignore speculations built on speculation.'
on Premarket: Apple is green - 'In afternoon trading Apple continues its decline that began yesterday with the Jefferies downgrade. The shares are off $2.18 at $306.08. On the day the major indexes remain mixed.'
on Apple's 'chipflation' dilemma: Margins or market share? - 'The arguments about ‘market share’ seem to be based on the idea that Apple products will have price increases IN EXCESS of their competitors, i.e. that Apple alone will suffer from memory/other component supply shortages. This seems to me to be a stupid perspective. It could well be that Samsung can leverage its internal advantages as both supplier and consumer, but that’s a case that so far is not proving out. Apparently Samsung isn’t cutting major deals for components to other Samsung entities. (Has anyone seen credible analysis, either way?)'
on Apple's 'chipflation' dilemma: Margins or market share? - 'Apple will sell every iPhone 18 they can make just like it’s been for 10 months now with iPhone 17. I see no reason to not price Pro + Pro Max models with regular company margins.'
on Fortune jumps on Monday's Apple downgrade with both feet - 'If history repeats itself then this would appear to be a “huge” buying opportunity. It would be great if it is just a rhyme of the past. I am amazed how many people make assumptions on assumptions to make decisions. The worry contingent always seem to ignore the future benefits of Apple’s sales weeks before the announcements will make things clear.'
on Fortune jumps on Monday's Apple downgrade with both feet - 'I think it’s called ‘vibe’ investing It will ‘Vibe’ you out !!'
on Fortune jumps on Monday's Apple downgrade with both feet - 'Looking at a graph of AAPL, after Jobs’ death it topped at ~$12. At the latter part of 2012, AAPL was ~$21. How have AAPL analysts who push a sell or hold AAPL managed to keep their jobs over the decades? These analysts literally left wealth creation for their clients on the table. Nor do they appear to ever revise the methodology that formed the core of such erroneous analysis. Strange business from the perspective of an ex-engineer where failure is expected to be followed by post-mortem analysis and revision of faulty logic methodology.'
on Fortune jumps on Monday's Apple downgrade with both feet - 'Consider the business models: Fortune wants you to click on a story to spend a minute while they show you some ads. Apple wants you as a customer for life. Small wonder Fortune employs hysterical headlines. Sigh.'
on Red Sox vs. Yankees on Apple Vision Pro - 'Looking forward to Yankees vs Red Sox. Haven’t had much use for my Vision Pro lately.'
on Mark Gurman disputes the facts behind Jefferies' Apple downgrade - 'The usual FUD from the usual suspects. Guess many were underwater with the massive July surge.'
on Mark Gurman disputes the facts behind Jefferies' Apple downgrade - 'As always, there will be and should be multiple competing designs for eventual engineering studies and prototyping. After that, the designs are whittled down to a few promising ones that go on to further engineering for production and assembly testing. If production issues arise, they try to engineer solutions and iterative testing. If that doesn’t work out, the model is dropped back into archival status, waiting for a technical or process innovation to make it possible. Backup solutions are then pressed into testing as alternates, perfectly acceptable options usually, and they may prove easier to assemble and produce. A company like Apple isn’t going to make something just for the sake of making it, it’s got to be done with Apple Quality and Apple reliability, anything less should be delayed until those two goals are met.'
on Gene Munster ignores Jefferies' Apple downgrade (video) - 'Ooooooh, 3D MLB. Can wider distribution of Vision Pro be far behind? Can 3D NCAA basketball be far behind that? Can industrial 3D use cases be far behind? Can 3D Formula 1…. Can 3D FIFA…'
on Is this what dented Apple in premarket trading Monday morning? - 'Eschewing a vain “total glass enclosure” Product before its time may be the same wisdom as not being an over-investor in the Hyperscalar business model. Apple does show restraint and wisdom. [which is to say I am agreeing with you]'
on Gene Munster ignores Jefferies' Apple downgrade (video) - 'Most of the TV talking heads only care about the next 24 hours. Long term thinking is one week. On a brighter note: “Apple, MLB announce September ‘Friday Night Baseball’ schedule and first‑ever 3D broadcast in Apple Immersive” This sounds very cool. If they ever do this for NFL games I’m in.'
