"IF" their ONE product has run its coarse, AAPL will disappear overnight..IMHO as always.......
Submitted by Reggie Middleton on 08/23/2012 09:23 -0400
As is usual, I'm receiving inordinate amounts of Apple Fanboi mails
and comments asking me to admit how wrong I was on Apple. Of course,
these emails fail to articulate exactly what I was wrong about, or
relate to what I was/am right about. Apple is a company with a
heretofore unheard of cult following. If its Apple, it can do no wrong,
and anyone who disagrees is wrong. Well for investors, that is a
dangerous perspective. Apple's share price has been on a tear, but its
tearing in an equity market that is devoid of true fundamental market
pricing. This, alone, should be enough to give the prudent man (or
woman) pause. If that's not enough, there's always the commons sense
perspective.
Apple is minting money, that's for sure,but it's minting money based
off of a single product. That product has been been totally eclipsed in
functionality by its competitors. Those competitors also happen to be
Apple's primary vendors and suppliers for that very same product that
Apple relies on for ~70% of its profits!!! If that's not a recipe for
disappointment, I don't know what it is? This was explained fully in my
post The Mobile Computing Wars Are Progressing Exactly As Anticipated - Google Is Killin' Them!!!
In 2010, I said it will probably take up to 8 quarters for the Apple competition to cause earnings
misses. I believe that I was the only one to say so, and Apple has
missed expectations twice in less than a year. Reporters and armchair
analysts (this includes much of the sell side) have blindly swallowed
Apple's mesmerizing marketing BS in chanting with the chorus "these
misses stem from the unwashed masses waiting with bated breath
anticipation for the next, greatest (and already obsolesced by the
Android competition) iPhone model to be released). I find this bullshit
to be virtually intolerable when reiterated by would be professionals.
If you do a Google (or Bing) search for Apple Misses Earnings, you get
something like the following:
http://www.zerohedge.com/contributed/2012-08-23/couple-apple-facts-mainstream-media-most-analysts-fail-harp?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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