All of a sudden, AAPL is un-investable. It appears the “laws of large numbers” have finally applied to the company, leaving buyers of the name exposed to a massive Exodus and institutional strike. I always knew Tim Cook would destroy the company. Anyone who bothered to read S Jobs’ biography knew that the company could never thrive under different leadership. It was his eccentricity, aka insanity, that fueled Apple’s innovation. Tim Cook is just a technocrat.
Because of news that AAPL’s suppliers have scaled back, due to lack of end user demand, any and all suppliers to AAPL are getting hit today. What’s sad about the whole ordeal is that these stocks barely benefited from the relationship in the first place. Apple treats everyone as an inferior, forcing them to supply goods and services at Walmart prices, else lose the business. Since AAPL had a virtual monopoly on handset growth, suppliers bowed down to the almighty Apple elite and lowered prices.
With the success of Samsung and possible resurgence of both Nokia and RIMM, I believe this is a net positive for the suppliers. Monopolies kill innovation and gross margins. Perhaps once the AAPL bandwagon gets derailed, the parts makers can reassert themselves and attain respectable margins.
The following stocks are getting hit today because Tim Cook has destroyed AAPL:
CRUS, NTE, QCOM, BRCM, TQNT, AVGO
In other news, the short squeeze in VHC continues, the anti-Apple, literally and figuratively.
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AAPL…sic transit gloria mundi.
Regardless of the Steve Jobs mumbo jumbo, WORST CASE their cash position and cash flow demand a multiple not too much lower than it currently sits, no?
Cash is high, but not a big percentage of market cap, so no.
I wish GLW would get off its butt.
GLW supplies the glass for iphone and ipad screens. (“gorilla glass”)
I think they were hit by the apple pricing cartel.
Asahi Glass (ASGLY) is killing them with pricing war.
Tizen will be rizin.
Really, nobody is questioning this move in the EUR/USD?
Euros rock
As far as order flow goes, there are barriers to the upside.
That being said, if those barriers don’t hold we might see 1.5680 before year end.
I understand your analysis is probably better than mind here, but from the “on the face of it” look, that’s madness. The Europeans are probably less trust worthy/stable than the US, not more.
If your extreme target ever materialized, I would be forced to sell half of everything I have, then throw it in EUO.
mine* here
If the phone shopper goes to the AAPL store they get caught up in the AAPL experience.
If the phone shopper goes to BestBuy they look at the iPhone5 miniature 4″ screen and the Note 5.5″ screen.
End of AAPL.
The problem with Apple is they got nothing obvious in the pipeline, and without Jobs there is no faith that there will ever be anything special in the pipeline.