3G = $200+ AAPL

Picked up some more AAPL at 125 and I’m convinced this stock is no where near maxing out it’s potential. Apple is a fantastic company with fabulous products and also a star holding in my portfolio.
http://www.marketguru.com/BlackTuna

Where is Toni Sacconaghi. Travis McCourt of Morgan Kegan and Shaw Wu of Amer tech. realized they made a wrong bearish call and reversed after Q2 2008 earnings. Shaw Wu even upped his Apple price target twice since earnings.

I guess Toni Sacconaghi of Bernstein is still sticking to his lower Apple margins problem call. I guess he forgot to take into account the recurring postponed iPhone income and the postponed March iPhone sales in his analysis. Earnings were $1.16 but with the recurring income & March iPhone sales considered earnings would have been about $1.45.

What don’t people get? Apple has had eight continuous quarters of accelerating sales and earnings, no long term debt, iPhone shortages, new or upgraded products several times yearly, iPhone 3g coming, this is all great news. The economy has been bad for over a year and still Apple products sell well.

Today there is a report out that Mac sales were up 50% in April 2008.

What more do investors want?

Toni?, YooHoo, Toni?

What’s up with the stupid wallstreet characters and their money?

This stock is a tightly wound spring, ready to pop like mad.

So much the better for us to get in cheaply while the morons slumber!

iPhone 2.0 + 3G + New iTunes deals + sales of Macintosh models = $300 AAPL by 1Q 2009

2-way video conferencing?

RIMM is finished.

Apple can very easily hit $300-$400 a share. Iphone is just in the early stages and will take the market share of RIMM Blackberry. Steve Jobs is a genius. I am long on apple.

What is rimm and do they have ichat or retail stores where I can hangout with my friends?

iChat is the killer app here. Instead of texting…why not just iChat all day :)

iPhone experiencing quality control problems with 2G and 3G. Rollout of 3G delayed until back to school September. No prob with software, prob with hardware.

Thanks for the post, Eric. Of course, nothing is confirmed until it’s confirmed by the man in the mock black turtleneck.

@heard on street:

Why suddenly would there be “quality control problems with 2G”? They have been cranking out and selling these reliably since last summer.

If you had stuck with the concept that the 3G was having QC issues, it may have been believable, but trying to tie in 2G has shown your “rumor” to be bogus.

Thompson

The SEC can deal with you.

i’m 28. i remember buying apple when i was 23 or so. i wish i had held it since then as it teetered around 20 bucks. what a nice little fortune i would have amassed. you have to look at what the product is doing. at that time, apple was competing with the iriver, and maybe some other comparable products. but, their design, their ingenuity, their persistence and their sheer determination to capitalize in that field became very evident over the next few years. as i step back and examine the iphone - its truly amazing the dent this product has made in such a saturated market in so little time… the iphone will outsell the razr when all is said and done - and, be the highest grossing phone to date. and (before you forget) that’s ONE apple product. don’t mind the fact that as vista keeps crapping out on everyone and people get these iphone appetizers in their hands - the sales of macbooks (where they make some serious cash) will trend upwards drastically. i wouldn’t be surprised if apple doubled in price one year from now. they’ll sure have the product sales to justify the price.

Considering their 100+ million dollar advertising push against 2G iphone how do you think Sprint and the Samsung Instinct will match up to the 3G iphone? If I was a sprint customer anxiously awaiting the Instinct, should I just wait it out for the 3G iphone?

Well - I thought they would never wait 4 weeks with no iPhones for sale - but then, why not. Build the anticipation. So Jobsonian (chuckle)

Why is this news? Anyone can reason, at this point, that the 3G iPhone will probably be announced on June 9 and be available shortly thereafter — Steve Jobs is not going to stand up there and talk about SDK internals — and any “anonymous source” can claim to be “very very close” to Apple.

Gizmodo undermines its own credibility when it says the 3G iPhone will be available “right after the launch, and not at year’s end, as previously thought.” Who, besides Gizmodo, thought Steve Jobs might announce a new phone in June and not ship it until after Christmas?

Apple is a startup company.

Growth hasn’t even begun yet.

Awaiting Andy.

Andy, you were right! Apple will return to $86/share!

After the 3:1 split in the fall of THIS year. Unlimited growth potential ahead.

OK, the split adjusted price in ‘96 was $4.80/share. And, no ins or outs.

If the world moves to an elitist state, then Apple will double its revenue next year. If the world contines to pursue value versus “look what I own” mentality. Apple will continue as a niche company.

Predictions of RIMM’s demise are just silly. The smartphone market is currently a tiny slice of the overall cell market. We are very, very early in this game. There’s plenty of room for both AAPL and RIMM to win. I also wouldn’t count out NOK, which trails badly in the US but rules the rest of the world. They’ll be launching their full smartphone attack this fall.

I own AAPL but not NOK or RIMM.

OK, you have all read the leaked memo that says that AT&T employees can’t take vacation between June 15 and July 12, so why, why, why would you guys (the blogger, not us) keep trying to put out this phony stuff. It is coming out between June 15 and July 12…OK?

Apple all the way 300 bucks by year end,,, wait and see folks.. mighty mac

Sold my 3 month old Iphone with minor.dings and scratches for MORE than I paid for it. Replaced it with the LG Voyager. Sure the safari browser is great but what good is a browser when you can’t broswe and get calls on edge. Sure iphone 3g solves ths-as does being on wi-fi, but aapl will do nothing for current ownersVerizon service kills att.

Any chance the iphone may be avaiable on verizon anytime soon? With the new business models internationally rolling out, what are the chances Apple may rework the ATT contract?

I say the phone comes out on June 27, the same day as Wall-E the Pixar movie.

No doubt there is room for both Apple and RIM in the smartphone space, but will the growth of RIMM and p/e of 60 continue?
Now, what will happen to the RIMM stock price if/when the p/e drops to 40, eg.?

I picked up a total of 400 shares of AAPL now. I bought all over the spectrum, from as low as $120 (150 shares), $138 (100 shares), $145 (100 shares), and $178 (50 shares). I am convinced this stock is going to $300 by the end of this year easily. I don’t care what Mr. WU-Turn or Germon Monster says, their price targets of around $220 are way off the mark. I wanted to buy more shares after 400, but that would have meant hocking off my wife and kids, and the new E350 Benz, so I decided to sell of my collection of old Apple I, Apple IIe, and Apple IIc computers that are still in mint condition. I recommend you guys do the same… but more shares, sell your kids, wife, car if you have to in order to fund it. It will be worth it!

The iPhone barely works at all in most parts of Anaheim, CA. I’m hoping they release the 3G on AT&T and Verizon. Maybe that’s why AT&T is offering the $200 rebate. Has anyone heard anything about Verizon and the iPhone?

Wow, guys, where were ya’l when the stock TANKED in Jan., Feb, March, 2008. The might AAPL went down the tubes. What happened, huh… Remember, NEVER buy at the highs as you WILL get burned…

peter says not to buy at highs or you’ll get burned… well - sure, that’s true. but, not really. when apple sets a new high en route to the release of the 3G phone - we’ll all look back and say - woah!! apple was mid 180’s on may 20th!!! i think apple is a safe bet not based on price - but, on timing and future earnings potential. if you’re in your 40’s or 50’s - look at how many kids use apple products now as opposed to 10 years ago. its an alarming rate. i’m almost 30 and remember being in college during a time when if you owned a mac - you were a certified geek. now, that trend is more popular with schools offering tech support for mac products. this new group of mac users will dominate the business place in 10 years. that’s a LOT of revenue down the pipeline. you’re essentially watching kobe or lebron in high school… you see their domination among their age group - but, they will truly shine and outperform expectations when they mature and make it to the next level when they’re even more refined and polished… and can control the game at any point they choose to.

Peter McKay,

Where was I during Jan Feb, and March??? I was buying up shares of AAPL to as low as $120. The question is where were you? Quoting our esteemed colleague “AAPL Long”’s posting from above, “woohoo… it feels good” to be long in AAPL (Long 12).

Cited Works
Long, AAPL. Barrons. 20 May 2008.
http://blogs.barrons.com

Ok, I admit I was wrong about not buying at the highs. It’s just that a lot of people has made a lot of money off of AAPL, unfortunately I am not one of them. I guess I am just bitter and wish I had bought in, and I don’t want anyone else to buy in now and make lots of money down the line.

sell it while you can, dow 11,000 by Q4

Smart phones are no longer just a niche. The iPhone has made everyone a potential smart phone owner. My 86 year old grandmother doesn’t know what a blackberry is. However, she is jealous of my iPhone and wants me to give it to her when I upgraded to the new phone. iPhone is a game changer.

There’s no better place to invest for growth.

apple is a sure bet in the long term. even in the short term, the hype surrounding iphone part two should be enough to jack the price up to all time highs… which, even after capital gains taxes, is still over a 3% realized return in a little over 2 weeks.

play short - play long… just F*ing play!

I have been in and out of AAPL since it was at $15 and should have stayed long and true to the stock but it has paid for my Fiji home so I am a happy camper!

Well gee! Everyone talks about money, sales ect..OK! Has anyone thought; even entertained the thought that Apple may sell 500mil iphones by 2015! Perhaps this is an understatement? Now think about that many (basically mini macs w/OSwhatever!)able to connect to each other worldwide…hmmmmm? Now there is Jobs n company’s super computer..interesting?

verizon will never be better than Att. Att has more customers 71 mill compare to verizons 66 mill. So if att sucks why do they have more customers than verizons and they are the number 1 carrier in the U.S. Also check Att stock, is way higher than verizons. If people want to prove that they are right they have to present facts not just say this is good and that’s bad. those people that hate att why dont you check why verizon is getting sued by the state of Florida for bad service. It was on yahoo news. Att uses the best technology GSM with the rest of the world where as verizon uses the sucky CDMA technology.

@ SuzetheQ God, you made me laugh crazy . It felt like being hit by an atomic laughing bomb.

retarded

I AM A AT&T CUSTOMER MY SELF AND DO AGREE THAT AT&T IS THE BEST NETWORK, THEY ARE YEARS AHEAD OF THE COMPETITION. AT&T WILL HAVE LTE LAUNCHED BY “09″ END WHILE ALL OTHERS THAT ARE USING LTE AS THERE 4G TECHNOLOGY WILL NOT HAVE IT FOR 5 YEARS AT A MIN. BY “08″ AT&T WILL DELIVER 20MB 100 BY “09″ ENDING.

Apple has class!

$25 - 29 dollars up on the release of 3G iPhone. That very same day, you watch. Why? Because soon investors will realize and we will see that Apple has outdone itself once again especially with the new bells and whistles we had not thought of they would add to the new 3G iPhone!
AAPL and RIMM will still coexist because the market is just too big but Apple’s iPhone will put RIMM’s phones to shame.

Yeah yeah I know, RIMM is releasing a touchscreen phone later in the fall. I bet there will NOT be loooong lines outside the stores waiting to buy those phones.
NOK and RIMM, they are just going to follow Apple’s innovation and ingenuity.

Long AAPL. I am long, since 1990 I have been long, a full 12 inches long. I am a lucky man, for not every man can be long.

It seems like there are 2 camps out there when it comes to Apple stock investment. You have one camp that is actively short, and another that is actively long. Who is right? Well to answer this, you must do some deep analysis. First, short is probably about an inch; second, long would be considered anything greater than 11 inches. Personally, I am long, though I know many go you guys out there are short.

I just won Oregon! Where am I going??? I am going to the Apple Store!

I’m getting richer by the day.
I purchased 635 shares at 90..Then picked up another 400 when it dropped to 120. “My Life ROCKS” . I am looking forward to dumping 400 shares in Jan 2009 - then buy back in March. Its all about the Cycles:) Thanks Steve.

John Steel,
Since you buy and sell in relatively short cycles, I must say you sound like you are a short (1 inch or less). Definitely not long (12+ inches). Mini steel, or micro steel. :)

He doesn’t know yet. He will.