CNBC: Apple beating recession
A panel on CNBC's Fast Money was recently remarking on AAPL's apparent invulnerability to the recession that's currently affecting the United States, noting that it's jumped 40% so far this year, outperforming the NASDAQ. J.P. Mark of Farmhouse Equity Research suggests that the excitement that persists among Apple's retail employees customers is a part of that performance.
As for the stock's immediate future, the panel and Mr. Mark point to this summer's concurrent release of iPhone OS 3.0 and a likely new iPhone model as a powerful stimulus. Finally, Mr. Mark notes that it isn't often that an electronic gadget becomes more useful and valuable over time.
I definitely agree with that. My iPhone is now almost two years old and it does much more than it did when I first opened its box. Also, if a new iPhone does appear this summer just as my current contract is expiring, I'll almost certainly buy it.
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A panel on CNBC's Fast Money was recently remarking on AAPL's apparent invulnerability to the recession that's currently...
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just more evidence that CNBC is filled with idiots. All the "experts" are nothing more then salesmen. It's the fox new of financial information just empty rhetoric
Listening to these talking head analysts just made my head hurt. If this is what passes for the Wall Street version of sound market strategy, then it is no wonder that the market can't seem to find it's arse from the proverbial hole in the ground.
And yeah, the "Red Tie Chronicles" guy makes me wish there was a draft on for 30something to 40something bald guy analysts to serve in Darfur.
Now raise your hand if you still think privatizing Social Security is a great idea. Anyone? Anyone? Buehler?
Why would anyone believe anything that any of the financial "pundits" say on television? Many of these entertainment-based financial people are still insisting that various stocks are substantially undervalued. That only works if the "true" value of those stocks is where they were before the devaluation. The people who knew that the previous market could never be self-supporting know now that any statement of undervaluation is an expression of hope rather than concrete knowledge. The reality is that Apple has simply failed to lose value at the same rate as its competitors, possibly because the individuality of its product focuses its buyers on Apple, rather than the dissipation that occurs among PC buyers. Shortly, if you want an Apple, you have to buy it from Apple, but if you want a PC, you can buy that anywhere.
April 11 2009 at 2:37 PM Report abuse Permalink rate up rate down ReplyWhoever the fatass on the left was that was rambling on and on about how much he hates the iPhone... and how it keeps dropping calls. Maybe it's him and where he lives cuz mine only drops calls in 2 specific spots in town. The same spots my Razr from back in the day lost calls. It's cuz there are areas where the signals from the cell towers don't quite meet up.
But oh yea, we should just blame Apple... and the iPhone because that's obviously the problem.
And our news comes from people like him? WTF?! No wonder the press is so bad.
The bald guy hates the iPhone cause of dropped calls, Someone should tell him that AT&T fault.
April 10 2009 at 6:49 PM Report abuse Permalink rate up rate down ReplyTo be referred to as "Cultish following" by the female new panelist is offensive. I don't imagine she would appreciate some derogatory term in reference to her asian heritage. Can they not be bias in their comments about Apple. It's just a company.
One reason that Apple is doing better - Mr. Mad Money Jim Cramer hasn't been talking down the stock like was exposed doing on the Daily Show. He should be fined heavily for his illegal activities.
schell, i agree with most of what you said except for this:
"Hell, sign up for scottrade and buy one share at a time."
buying 1 share at a time is not good advice. spending $7 per trade for a $100 stock is not smart. that stock would have to go up 7% for you to just break even. (i know apple is currently hovering around $120 but still)
Stock price is not an indicator of company well-being. Earnings, Debt, etc, are the indicators. Appl's earnings have not shown a single dent as a result of the recession anyone suggesting otherwise does not know what they're talking about.
Apple in beating the recession because the bottom line has not been affected. Earning have remained positive and continue to go that way.
The stock price has dropped because people let fear and emotion steer their finances and when someone says recession or depression, the entire market drops, even the good companies.
If you were smart you would be buying shares NOW because it is only going to go up as the economy recovers. Hell, sign up for scottrade and buy one share at a time.
People on wall street get rich off of the "coulda woulda shoulda-mentality that exists outside their terrain. Don't look back. Get in, even a little bit, and you'll have a chance to make money.
The guys on CNBC are tools. The channel is for frat boys and people who don't know what they're doing. When Jobs got sick, they did all they could to talk about it knowing it was going to drive down the price (which it did), well surprise surprise most of those same guys are now appl shareholders (they have to disclose) and are making money off of the ensuing shareholder fear. (I am too, but shhh).
Watch Bloomberg, stay away from Cramer, and learn something.
Very well said. Apple sales have simply been outstanding throughout this economic mess, meanwhile it's stock price has halved since the release of the iphone. The stock price really isn't a good indicator of the strength of a company or it's product offerings. A few analysts make a couple of statements and people follow like lemmings.
Besides the crap AT&T service, my 1st gen iphone is still going strong!
Its not a perfect service. Not by a long shot. The device has its serious flaws. Many of which will be overcome on June. Now... Although I dislike most of Apple products, I do like the iphone even while the calls are dropped... why? because it does so much more than just a phone and it is a phone...
And yeah... Calls do drop... consistently.
When calls are dropped or you get poor call reception, how do you it's AT&T/iPhone and not the person on the other end (assuming they are on another mobile phone)? Just wondering cuz I'm in San Francisco and I hardly ever get any dropped calls. They only time I do is when I'm speaking to another mobile caller in the North Bay (Marin County and Sonoma County where AT&T service is "spotty") or to other mobile friends who I know are with Sprint and T-Mobile service. Thanks.
April 10 2009 at 4:21 PM Report abuse Permalink rate up rate down Replyhe says its because it drops calls but really he prolly just read that somewhere in a magazine and has never actually owned or tried one. I get perfect service and so do about 20 other people i know that own iphones and they live in various places around the country with no problems....or maybe its that big balled dumbass looking head reflecting the the signal...mr. clean lookin mother fucker.
April 10 2009 at 2:30 PM Report abuse Permalink rate up rate down ReplyHot Apps on TUAW
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