Probably the biggest change going forward. People had been talking about it for a while in the context of stock valuation since many carriers are already moving to the upgrade/financing model already. I think it'll be a net positive for the company and benefit Apple particularly well since their devices tend to retain their value a bit better than a lot of competitors. The real question is what the demand and value for used devices is going to be. Is anyone really going to want an old phone anymore? If they can't continue to resell used devices than plan costs are going to go up. They haven't had a problem so far but if consumers expectations change and everyone starts hi-grading their phones it could get more expensive. That's the bear case in my mind, but there's absolutely no data points one way or the other to say how it'll turn out at this point.
With Goldman Sachs today mentioning $20/brl for the oil, it seems the $35-40 range prediction for AAPL stands firm. To further add some force to it, SPY going down to $140 is also in cards. What does $20-30 oil mean? This shows a commodity deflation which (can) also mean economic slowdown. GS is mentioning "glut" of oil due to overproduction as the reason.
After the recent mini crash, the focus isn't on individual companies anymore. Most people are concerned about overall market performance. Because no matter how good Apple and yahoo are, they will go down with the rest of market, if it crashes like 3 weeks ago. That's why I'm not expecting a rebound in yahoo and Apple any time soon. If close this is just my hypothetical analysis and I could be completely wrong.
If CB's can't meaningfully increase their balance sheets and drive more of that liquidity into equities, then these downside targets are totally realistic..the problem is that we're so conditioned into believing that another round of QE is around the corner and that everything will be "fixed" again... The thing that sort of amazes me is that I can look at any number of charts and see where things were in say 2012-13...and for some of these stocks/indicies, it would be one heck of a percentage drop, but in the big picture it's just a standard correction in light of the distance travelled from the 2009 lows...the problem comes with how over-leveraged everyone in this market is and how there are no alternatives for most people when it comes to trying to generate some return...that is why ZIRP is such a collosal screw-up...
$AAPL announced its iOS 9 at World Wide Developers Conference (WWDC) in early 2015. The new operating system (OS) will start rolling out tomorrow, September 16. Will the price change on this news?
http://www.ft.com/intl/cms/s/0/dd9696ce-6011-11e5-a28b-50226830d644.html#axzz3mLvDQR4y Apple has owned up to a incursion of malicious software into its App Store, forcing it to pull some of the most widely used mobile apps in China from the service. Late on Sunday in California, the iPhone and iPad maker confirmed reports by security researchers who had warned that a swath of popular Chinese apps had been created using developer tools that were infected with the malware, resulting in the compromised apps. “Hundreds of millions” of users of the popular Chinese apps were at risk of having their personal data exposed, including people who use Tencent’s WeChat mobile messaging service and ride-hailing app Didi Kuaidi, according to Palo Alto Networks, a US cyber security company. It did not explain how developers of a large number of China’s most widely used mobile services had all been infected with the same piece of malware, or how the infected apps that resulted had got through its security screening for the App Store. “To protect our customers, we’ve removed the apps from the App Store that we know have been created with this counterfeit software and we are working with the developers to make sure they’re using the proper version of Xcode to rebuild their apps,” Apple said. The admission is a black eye for the US company, which has made much of its security record in mobile apps compared with that of Google. Tim Cook, Apple’s chief executive, last year criticised Google for what he claimed were insecure apps, quoting a report that criticised the search company’s Android Play. Palo Alto Networks said in a blog post on Friday that it had found 39 apps in Apple’s App Store that had been created with the infected developer software, which has been dubbed XcodeGhost. Along with WeChat and Didi Kuaidi, the compromised apps include ones for games, banking, stock trading, investing, payments, maps, social networks and mobile phone services, it added.
More gap downs to come until we hit 105. Blame the broad market. Need cheap shares. Buy low sell high.
man oh man, I would not want to be long a market that depends on AAPL as a heavy weight to hold up the averages...just not prudent as an investor.