Apple doubters in a feeding frenzy

Kensegall.com ^ | July 15, 2015 | Ken Segall

[minnesota_bound]

I am selling my Apple shares soon and buying more Netflix stock. Apple has to do more then tweak their iPhone in the future.

[Swordmaker]

You can't solely look at market value. Product Innovation is a major factor. You cannot say that Apple has been as innovative since Steve Jobs has died.

Apple went three to five years between major product introductions under Steve Jobs. Steve jobs died on October 5, 2011. In the less than four years since Steve Jobs passed:

• Apple has come out with the unique, completely new concept Mac Pro which uses just a single fan for cooling and was arguably the most powerful desk top at release in 2013:
  
  Apple Mac Pro

• Instituted device wide encryption to 256 bit AES standards and established a company wide policy that Apple itself would not hold any keys to the encryption established by Apple users. . . holding that Apple customer's privacy to be paramount. Apple informed government agencies at all levels and all nations that Apple could not provide access to user data because it was technologically impossible to break the encryption. The Hacker Company just announced they have been unable to provide any hacking products for the Apple un-jailbroken iPhones. 2012 on.

• Created secure Apple Pay, a system of payments that users can utilize their own credit/debit cards safely and anonymously that is essentially uncrackable without sharing personal data with the merchants, in 2014, that has been embraced by 5000 banks and over a million merchants. Apple Pay rolled out in the UK Yesterday.

• Developed the system of inter-device instant data sharing for all of a user's AppleID linked selected devices including "HandOff" where work started on one device can be finished on another device without loss. Photos taken on one device are instantly available on all devices so shared. etc. . . and also backed up on iCloud. 2013.

• Created and developed the Apple Watch, an iPhone extension that expands the utility of the iPhone and enables iPhone users to no longer have to be tied to always pull their phone out to respond to alerts, messages, or even phone calls, and to know what is important or not important at a mere glance. A device that also monitors their health and aids them in their fitness and health. Announced at the end of 2014, but going on pre-sale on April 10, 2015, the Apple Watch has so far sold an estimated 5.5 million units for an average price of $505 according to The Motley Fool, bringing in a revenue stream of over $2.5 Billion in under three months, making it the fastest and most prolific product roll-out in history, besting the 2010 iPad roll out. . . in an entirely new product for Apple.

• Developed HealthKit as a Public Domain Open Source means of both connecting the Apple Watch health and fitness sensors to the Health Apps but to also enable research and wide spread information gathering among people who agree to participate with research labs. . . Now being adopted by numerous medical research laboratories across the world. Released in 2014.

• Developed CarPlay for automobile integration and signed 38 major auto badges and manufacturers to use it for control of all vehicle electronics, GPS, functions, communications, engine monitoring, etc. Released and developing in 2012 through today. . . and continuing. Multiple new automobiles are now shipping with Apple CarPlay starting in 2014 and 2015.

• Developed HomeKit, an innovative standard for connecting peripheral devices in the home to computers, mobile devices, CarPlay, and even third party devices so that all will intercommunicate. 2014.

• Moved into streaming music, although not a new field for Apple, it is the first curated streaming service offered by any company. The idea of curation of a streaming service is truly innovative. May through July 2015.

That looks like nine innovations since Steve Jobs died, some minor, some major and quite important. . . some extremely valuable to Apple's product mix and bottom line. Three very important new product lines that count toward that. . . in less than four years.

So, PJBankard, I can indeed say that Apple has been innovative since Steve Jobs died—it is self-evident. . . you just haven't been paying attention or you've been listening to the FUD being spread by those trying to force the value of the stock down.

[House Atreides]

Two things:

It’s not an iWatch, it’s an Apple Watch.

I’m assuming you haven’t made a great deal of money from Apple stock so don’t follow THE REALITIES of Apple developments very closely.

[House Atreides]

“I reiterate that Apple flounders without Jobs....”
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There are likely thousands of CEOs and CFOs who, in their dreams, wish that their enterprises were “floundering” 1/10 as “bad” as Apple. New and successful products such as Apple Pay, the Apple Watch and (hopefully) beginning later this year Apple TV will provide massive rivers of cash flow and profit to Apple and its stockholders for many years.

Of course instead of investing in Apple Stock some folks may have been investing in Greek and Puerto Rico bonds. Different strokes for different folks, I guess.

[amigatec]

I looked at the new Mac Pro, and I don’t like it, it looks like a trash can.

[Solson]

If they’re wrong, what are the real numbers?

[amigatec]

We may never know, it's up to Apple to release those. But with Apple concern for privacy, they may never release them.

[minnesota_bound]

I sold Apple today at 128 even.
I wish I had done so earlier as the Netflix stock I want to buy more of has gone up from $98 to 113 today.
This after the 7-1 stock split tuesday and higher earnings report on wednesday.
I have to wait the 3 days for the sale to settle before I can use the money to buy more stock. I wish I could trade right away.

Before I sold I checked what Apple rumors were for new products. iPhone 6 that that comes in pink color will be available in September.... The decision was made to sell.

[Swordmaker]

If they’re wrong, what are the real numbers?

From an earlier post to another Freeper who asked a similar question:

The Motley Fool estimated that Apple Watch sold 5.5 million units through June 26th—the day that Apple started selling the Watch direct through the Apple Stores—at an average selling price of $505 each, actually using Slice Intelligence figures, after factoring world wide sales. That works out to revenues of $2,777,500,000, with a profit margin of 42% that's a profit of $1,166,550,000. Hardly a flop.

[Swordmaker]

You traded of a stock that’s paying dividends and has a p/e of ~14 for a stock that doesn’t pay dividends and has a p/e of 210. Good luck with that. . .

Oh, and analysts have AAPL with strong buy with targets ranging from 135 to 194 while you’re going to buy Netflix where analysts are targeting $98.

[minnesota_bound]

Netflix, Inc.
NASDAQ: NFLX - Jul 16 6:28 PM EDT
115.81Price increase17.68 (18.02%)
After-hours: 116.90 Price increase1.09 (0.94%)

Apple Inc.
NASDAQ: AAPL - Jul 16 6:28 PM EDT
128.51 Price increase1.69 (1.33%)
Apple’s dividend payout is now $2.08 per share per year.

I did not own a million shares so $2 bucks per share is very little compared the amount Netflix is returning in stock price profits.

I will take Netflix now over Apple. If and when Apple comes out with a new product and not just a tweak then the stock will go higher. I think the stock will meander for a while while Netflix will go up and up.