Gregg Thurman on Apple shares break $290 for a new record high - 'Looks to me that the institutions, a cautious group if ever there was one, have done their research and feel very good about Apple’s future, as do I.'
on Apple shares break $290 for a new record high - '“There’s a lot riding on this upcoming WWDC. Apple can’t afford to disappoint.” I think this is right. It’s both investor/speculator/WallSt risk and also consumer/customer risk. Apple has a reputation of being late, BUT getting it right. If it’s late, and then gets it wrong, that seriously compromises Apple’s reputation.'
on Evercore: How hyperscaler demand is disrupting Apple's precurement advantage - 'Maybe that’s not an error Ted, as a long time Apple strategy is to buy up critical components before others so as to leave the others short of what they need. Thus “precurement”, defined as procurement before everybody else! 🙂'
on Premarket: Apple was red, turned green - 'In my view there’s a lot of headroom between Apple’s new all-time highs today and several of the recently revised price targets for the shares. I believe much of that gap can be filled with Apple’s current pace of hardware innovation and serious progress being made and announced on AI-integration across Apple’s operating systems and an updated timeline and roadmap for the long-promised major and conspicuous upgrade to Siri. This includes performance on voice queries through Apple’s services platforms such Apple Music and Apple Maps.'
on Evercore: How hyperscaler demand is disrupting Apple's precurement advantage - 'PED, you have typo to fix in the title. 😉'
on In Siri settlement, Apple could pay iPhone owners up to $95 per device - 'I’m not as worried about failed “shots” as I am the ones that have moved forward. Eric Schmidt sat on Apple’s board and betrayed Apple and Steve Jobs in 2006. Before the iPhone’s 2007 debut, early Android prototypes (codenamed “Sooner”) resembled BlackBerry devices with physical keyboards. After seeing the iPhone, Google scrapped that design and shifted Android to a touch-based, multi-gesture interface that Jobs believed was a “wholesale” theft of Apple’s ideas. Steve Jobs famously vowed to “destroy” Android, labeling it a “stolen product” and threatening to spend all of Apple’s $40 billion cash reserve and his last breath to engage in “thermonuclear war” against Google. Today? Tim Cook’s Apple *partners* with Google to be the brains behind 15 years of failed Siri. A legion of AI and Siri folks have quit and left for other companies. When you put Siri and this new partnership (dependence is probably more accurate) in the context of HomePod, Car, Vision Pro, Apple TV and other misfires, and couple that with almost a trillion dollars in buybacks, you’d think Apple’s BOD would show guys like Giannadrea and Tim Cook the door. And that’s precisely what I suspect happened. This was far, far more than a “misstep.”'
on Counterpoint: Apple's iPhone 17 sweeps the March quarter - 'I wouldn’t expect even a good selling folding phone to have the volume to compete with the volumes all of these phones sell at.'
on Premarket: Apple was red, turned green - 'AAPL opens today at a new All Time IntraDay High (ATIDH) of over $289 and it has already tracked above $290 less than 10 minutes in. How far it will go or where it will close is anyone’s guess but if any positivity, sentiment improvement or white swan like an Iran ceasefire happens, $300 is in sight. Holding that threshold will be a key test of AAPL strength.'
on Premarket: Apple was red, turned green - 'Apple was Red. Apple is Green. Apple is ATH. Long Live The Longs.'
on In Siri settlement, Apple could pay iPhone owners up to $95 per device - 'Dan I find your reasoning very myopic. All tech companies take shots that do not work out. Google, Microsoft, and Meta have a graveyard of failed initiatives. That doesn’t mean it was a waste. I bet Apple learned a lot – including most importantly that it wasn’t a path worth pursuing. AI Siri was a misstep, but one I think they will soon rectify.'
on Premarket: Apple is red - 'Thanks, Sacto Joe! Until I read this evening, I didn’t realize we hit 288+ today yay!'
on In Siri settlement, Apple could pay iPhone owners up to $95 per device - 'From Reuters today: US Supreme Court declines to pause order holding Apple in contempt in Epic Games lawsuit – Lower court found Apple in contempt in Epic Games case – “Fortnite” maker sued Apple, contesting App Store fees – Apple’s appeal sought to stave district court proceedings The U.S. Supreme Court rejected on Wednesday Apple’s (AAPL.O) request to temporarily block a judicial order that found the iPhone maker in violation of sweeping court-mandated changes to its lucrative App Store as part of an antitrust lawsuit by “Fortnite” maker Epic Games. Justice Elena Kagan, on behalf of the court, declined to pause a ruling by the San Francisco-based 9th U.S. Circuit Court of Appeals that deemed Apple in contempt in the Epic lawsuit contesting App Store fees. The Supreme Court’s action means Apple will return to U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, to quarrel over what commission the company can lawfully charge for certain app-related transactions. Apple’s bid at the Supreme Court had been aimed at staving off returning to the trial court while it pursued its legal challenge before the justices.'
